What are the types of high risk auto insurance coverage?
High risk auto insurance in Ontario is similar to regular auto insurance and includes mandatory and optional types of coverage.
Mandatory high risk auto insurance coverage
The following coverage is required by law, and it is the minimum amount you need to drive a car:
Third-party liability
$200,000 in third-party liability is the minimum. This protects you if you cause property damage or injure another person. You also have the option to increase your coverage limit.
Accident benefits
With accident benefits, you get access to medical benefits and other compensation if you’re injured or killed in an accident.
Direct compensation property damage
Direct compensation property damage (DCPD)covers vehicle damage when you’re not at-fault for a collision.
Note: As of January 1, 2024, DCPD is no longer mandatory coverage in Ontario. Drivers can opt-out using OPCF 49.
Uninsured motorist
Uninsured motorist coverage offers protection if an uninsured motorist hits you, such as a hit and run.
Optional high risk auto insurance
This is additional protection you can add to your policy to customize it. Options include:
Collision
Accidents happen. Collision insurance protects from damage from a collision with another vehicle or object.
Comprehensive
Your vehicle could get damaged in many ways. Comprehensive insurance protects you from non-accident-related damage (theft, vandalism).
Specified perils
Looking to get coverage against specific threats? Specified perils coverage protects against risks that are specifically listed in your plan.
All perils
Want to be protected from most risks? All perils coverage offers protection from all risks unless they are specifically excluded from your policy.
Endorsements
Insurance endorsements, also known as riders, all you to add or remove certain types of protection. They make it easy for you to customize your insurance.
Note that depending on your specific situation, you may be limited to coverage options. Speak with our high risk insurance brokers to get advice or have your policy questions answered.