Auto Insurance

In today’s insurance market you can purchase Auto Insurance or Car Insurance though various channels- Call centres, insurance agencies, online.  All the above-mentioned sources are good, but your best Automobile insurance will be through your Independent Licensed Local Insurance Broker because only your Insurance Broker will assess your needs, shop the market, provide suggestions, recommend coverages and above all advocate to the insurance company on your behalf.

At Aaxel Insurance Brokers, Durham Branch we will find the best insurance coverage through the financially stable insurance companies. We represent all Major Automobile Insurance Companies in Ontario. We make sure you understand your automobile insurance coverage, provide all the options and answer all your questions.

Lets us do the shopping for you and get you a great deal on your Auto Insurance without compromising the quality of the coverage. ​ We understand every one of us is different.  Keeping this in mind, we take all possible steps to provide you with individualized, cost effective, customized insurance solutions for your Automobile Insurance needs. At Aaxel Insurance Brokers Ltd., Durham Branch we want to forge long lasting strong relationship with you. We will take all the necessary steps to make sure you are properly insured. We will also take time to educate you about your own insurance policy and how you can maximize discounts to save money without compromising the insurance coverage.

You may have wondered how does Car Insurance work. So here is a brief explanation to the topic of Auto Insurance or Car Insurance. Please note we have tried to explain as much as possible but there can be individual circumstance that may differ.

There are 4 factors which determine your Automobile Insurance premiums in Ontario. They are:

·        ​The Car you drive

·        The Area you live

·        Your driving record

·        Use of the Automobile

There are other factors that determine the discounts and surcharges. Since Personal Auto Insurance is becoming individualized day by day it is very important to deal with a Qualified Insurance Broker who can guide you and help you take an educated decision about the type of insurance you need. We at Aaxel Insurance Brokers Ltd, Durham Branch, your local Insurance Broker in Oshawa will help you customize your insurance policy based on your needs.

In Ontario the Automobile insurance market is well regulated and the insurance coverage is one the best in the whole of North America. A Personal Automobile Insurance Policy in Ontario will provide the following coverages and endorsements:

Bodily Injury and Property Damage Liability – This section Provides coverage for you or other insureds if someone is killed or injured or their property is damaged due to an automobile accident. It also protects you against lawsuits or legal action resulting from the use or operation of the insured Automobile.

Accident Benefits – Provides benefits to you and (or) the other insureds who are injured or killed as a result of an automobile accident, regardless of who caused the accident. These benefits include payments for income replacement, medical expenses, caregiver expenses, rehabilitation expenses, attendant care expense, funeral expenses and other expenses resulting from an auto accident.  There are set limits for these coverages which are important to know. Also, there are standard and optional extras that can be purchased through your automobile insurance policy. We at Aaxel Insurance Brokers Ltd, Durham Branch will help you select the benefits based on your needs.

Uninsured Automobile – Provides coverage if you and (or) other insureds are killed or injured in an accident that is caused by an uninsured motorist or by an unidentified driver. If your automobile and its contents are damaged due to the accident caused by an uninsured but identified driver this coverage will pay for such losses, however a $300 deductible will apply.

Direct Compensation Property Damage (DCPD) – In Ontario if you are a 100% not at fault, your own insurance company will pay you for the damage to your Automobile or its contents. A deductible will apply if you have chosen it at the time of the policy being set up.

Family Protection Coverage (OPCF 44) – This coverage is always equal to the liability coverage chosen for the insurance policy. If the Liability is $1 million, then the OPCF 44 will also be $1 million. If the at fault driver has no or insufficient insurance, then the not at fault driver can file a claim under this section of the policy to be compensated for the damages.

All the above coverages constitute what is called Third Party Insurance Coverage or Liability Only Coverage or Basic Insurance. The following are optional coverages what you can choose to have, or decline based on your circumstances. We at Aaxel Insurance Brokers Ltd, your local Insurance Broker in Durham Region will help you take this decision based on facts.

Comprehensive Coverage – This is a very broad coverage. It will pay for sudden and accidental loss or damage to your Automobile due to fire; theft or attempted theft); lightning; windstorm; hail; rising water; earthquake; explosion; riots or civil disturbance;  falling or forced landing of aircraft or its parts; falling or flying objects; missiles; vandalism or the stranding, sinking, burning, derailment or collision of any kind of transport in, or upon which, the described automobile is being transported. A deductible may be applicable.

Collision Coverage – This coverage pays for damage to your automobile if it is involved in an accident with another automobile or object e.g. tree, dead moose on the road, guardrail etc. A deductible may be applicable.

Loss of use (OPCF 20) – This coverage pays for transportation in the event of a loss. It will pay for a rental car. If you don’t wish to have a rental car, you can be compensated for transportation expenses like taxi, bus fare etc. There is set limit in dollar value or number of days for the pay out under this coverage.

Liability for Damage to a Non-Owned Automobile (OPCF 27) - OPCF 27 provides coverage for damage to a vehicle that you do not own in Canada and United States, e.g. rental automobile.  There is set limit for a payout in this coverage.

Removing Depreciation Deduction (OPCF 43): This coverage means that the insurance company will not deduct the depreciation on the value of your automobile when it settles a claim caused by an insured peril. It is applicable to new vehicles (and sometimes demo vehicles – conditions apply) and you need to prove to the insurance company that the vehicle was purchased new. Usually a broker will ask for Bill of Sale or purchase agreement before setting the policy for such new vehicles. The coverage is applicable for 24 to 48 months (depending on the insurance company) from the date of purchase of the vehicle. There are other conditions associated with this endorsement, so please speak to your Auto Insurance broker about them.

Lien holder Protection (OPCF 23A) and Lessor Protection (OPCF 5) - This coverage protects the interest of the Lien holder (OPCF 23A) if your vehicle is financed and of the lessor (OPCF 5) if your vehicle is leased. One vehicle cannot be leased and financed at the same time so you will either have OPCF 23A or OPCF 5 depending on your circumstances.

All the above-mentioned coverages form a typical Automobile Insurance Policy in Ontario. In addition to the insurance coverages and endorsements you also find the discounts you get on the application and certificate of Automobile Insurance. We at Aaxel Insurance Brokers Ltd, Durham Branch will guide you through the process purchasing the Automobile Insurance, making sure you have the right coverages and discounts applied. We will also review your policy before you receive the package in mail from the Insurance Company. We assure that you will receive excellent advice and outstanding customer service from our Insurance Brokerage branch Office in Durham Region located at 104-1050 Simcoe Street North, Suite 104, Oshawa. If you are looking for Auto Insurance in Pickering, Car Insurance in Ajax or any other part of Durham Region please call 289 274 4807.

Most Car Insurance companies in Ontario have similar discounts. All the discounts may not be available with all the insurance companies and the percentages varies with company to company. Some common car insurance discounts available are as follows:

·        Multi Line Discount – This is also called home and auto discount. If you have your car and home    (house, condo, apartment) insured with the same company then you are eligible for this Multi Line Discount. The percentage varies from company to company.

·        Multi vehicle Discount. If you have more than one vehicle insured with the same insurance company, you will get a multi vehicle discount.

·        Snow tire discount or Winter Tire discount – This discount applies only if all 4 tires are winter tires. They should be installed from November 1 to April 30, generally but this time frame may vary by a few weeks. Please note you may be asked to provide proof and winter rated tires DONOT qualify. For more information call your broker or us at 289 274 4807

·        Graduated Licensing Discount – If you completed the full graduated licensing process from G1 – G2 – G then some companies will provide the Graduated Licensing discount depending on their conditions.

·        Private Parking Discount – Some companies provide this discount if your vehicle is parked in home garage or driveway.

·        UBI or Usage based Insurance – The big one. You must sign up for this program. You will get a device to plug into your car or have an app. You will start with a discount and you can build up the discounts based on your good driving habits. Some companies call it the GOOD DRIVING DISCOUNT. This device measure 4 items: 

o   Time of Day you drive

o   Number of kilometers

o   Whether you do Hard Braking or Soft Braking

o   How often you accelerate.


The easiest way to shop for Auto Insurance is pick up your phone and call your local broker. Always remember, a good broker works for you and not the insurance company. He or she will shop around for you based on your needs and provide the best product for you. So, if you are in the market for Auto Insurance in Oshawa or Car Insurance in Whitby please call and get a quote, check out our top of the line service. The Durham Office has dedicated staff at 289 274 4807.

We serve but are not limited to Oshawa, Pickering, Whitby, Ajax, Uxbridge, Scugog, Bowmanville, Port Perry, Courtice, Beaverton, Sunderland, Clarington, Newcastle, Brock, Claremont, Althona, Goodwood, Uxbridge, Cannington, Orono, Mt Albert.

*The source of the information mentioned above is the Ontario Auto Insurance Application & CIP 2012,