What are the Different Levels of Auto Insurance in Mississauga

By: George Lewis


There has been a lot of talk on how auto insurance in Canada has become one of the most expensive in North America and most parts of the world. This is after tax reforms and policy changes were announced in the country a year back, with the focus being on gaining more revenue from the insurance sector and clamping down on insurance frauds through faux health clinics and rogue brokers in the industry.

However, as much as this move by the government authorities has been to keep the Canadians at an advantage, fiscally, they are staring down a deeper rabbit hole than there was one before. This is why it has become even more pertinent to choose a coverage policy that will get you auto insurance in Mississauga without having to pay on umbrella policies that you don’t need or be shortchanged with insurance plans that don’t cover you enough and leave you out in the dark in case of a mishap.

Let’s talk about the kind of levels in car insurance in Mississauga that you can decide on while consulting insurance brokers in Mississauga or in any other Canadian city.

Collision Coverage – If you are insured through collision coverage, you will get the compensation for repairs of damage sustained by the car. This works well if your car is old or is of a robust make, as the costs invoked can often help upgrade the car post damages without having to fork out money from your own pocket!

Comprehensive Coverage – Comprehensive coverage mot only covers the costs for repairing a damaged car in a collision, but also offers compensation for incidents where the car is damaged by natural disasters, thefts or burglary as well as other unforeseen causes of damage.

All Perils – ‘All Perils’ is a special insurance coverage level where your car insurance in Mississauga provides you with all the conditions of collision coverage and a comprehensive coverage. This helps you protect your vehicle against risk behind the wheel as well as from Twisters or flash floods.

o ‘Specific Perils’ is a tweak of the former insurance policy type, where you can pick and choose from the clauses of protection from the ‘All Perils’ policy and selectively apply. For instance, if you live in a neighborhood that has a high rate of crimes or carjacking incidents, you can opt for some comprehensive coverage clauses and thus reduce the premium rates effectively.

Personal Injury Protection (PIP) – Personal injury protection policies help you recover the costs for medical expenses as well as hospitalization and recuperation costs for you or the passenger in your car. At times, the compensation package also covers rehabilitation as well as therapy expenses, which is fantastic as a prospect as these allied costs also add up considerably to your medical expenses budget in the aftermath of an accident!

While you would be wondering whether you should be taking an off-the-shelf auto insurance policy, these coverage levels will help you understand why it is crucial to build a tailor-fit coverage plan for your vehicle, AND yourself!

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Mississauga based insurance broker offers car insurance, auto insurance, home insurance in Mississauga . Also provides other insurances with free insurance quotes.

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