Ranvir Rav Chahal

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Ranvir Rav Chahal

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02/06/2023

You may not think about your insurance all that often… until something bad happens or you notice you’re paying more. If your insurance has increased recently, here are a few reasons why this may have happened, and a few approaches to potentially reduce the price.

One of the biggest determining factors in car insurance rates is the cost of repairs. As vehicles are equipped with more and more technology – the sensors, the cameras – even minor collisions or claims can end up in significantly higher repair costs.

Distracted driving has also increased and is responsible for a higher number of insurance claims. Additionally, any at-fault accidents or tickets/convictions on your driving record will affect the cost of your premium.

Here are some things you can do to make your insurance cost more manageable:

Contact your broker if your vehicle usage has changed – driving less, driver training, seasonal parking

Consider revising your coverage or deductibles – if you’re a strong driver increase your deductible, remove unwanted coverage

Ask your broker if you qualify for any discounts – multi-vehicle, multi-line, autonomous emergency braking, winter tires, etc.

If you are shopping around for a better insurance price, contact us through our website to get a no-obligation quote. Our trusted BIG brokers are always ready to help!

01/22/2023

If you are new to Ontario – welcome! This is a great province to learn, grow, and build your life. You may be wondering what will happen with your driver’s license. Depending on where you come from, the province handles it differently.

Your out-of-province or foreign driver’s license will only be valid for 60 days when you arrive. After that, you are legally required to obtain an Ontario driver’s license from the MTO.
If moving from within Canada, you’ll be able to exchange your license for a full G license if you have 2+ years of full license experience. If you have fewer years’ experience, you may have to go to a G2 license or G1 and go through graduated licensing tests.
Coming from another country can result in a few different options

1. Ontario has a license exchange agreement with some countries with similar licensing process and road laws.

2. If you’re from a country outside of that agreement, you’ll have to provide official confirmation of your license from your government. It must be dated, written on official letterhead in English or French.

3. Your years of driving experience will also dictate what type of license you will get. You may have to go through the graduated license system before obtaining your full license.
No matter what the situation is, you’ll need to get insurance to drive a car in Ontario. Send us a DM or visit our website to get a no-obligation quote from one of our trusted brokers

01/16/2023

What happens if you get caught driving without car Insurance?

In Ontario it is illegal to drive a vehicle without car insurance and the fines and penalties are steep! These serious consequences can be easily avoided by getting proper insurance coverage for your vehicle, but let’s take a look at how driving without insurance could affect you.
❌ Your first offense of driving without insurance can result in fines from $5,000 up to $25,000 and a license suspension anywhere from 30 days to a whole year.
❌ If it happens again, fines increase to $10,000 to $50,000 and your driver’s license again will be suspended for up to a year. Your vehicle may also be impounded and stored at your expense.
❌ Ontario also adds a 25% victim fine surcharge to these convictions.
❌ A charge for driving without insurance will remain on your driving record for 3 years, making it more difficult to find insurance coverage, and potentially costing you thousands more each year.
❌ If you get into an accident without insurance, you will be on the hook to pay for any damage to your car, as well as any legal or medical expenses arising from third-party injury or death.

The moral of the story? Car insurance is mandatory in Ontario for a reason – both to protect you as a driver as well as others on the road. Accidents happen even to good drivers and it’s risky business to drive around in a vehicle without coverage.

Contact us for a car insurance quote today!

01/12/2023

If you are getting a new car, you might be wondering whether leasing or financing could be cheaper for your insurance. There is generally very minimal to no effect on your insurance caused by whether you lease or finance the vehicle. Rather, your driving record and insurance history, where you reside, and the type of vehicle you are insuring are factors that impact your insurance rate.
The only significant difference for your car insurance if you lease the vehicle is that the leasing company will be listed on your policy since it technically owns the car. Since you are required to protect their interest, you will likely have to purchase collision and comprehensive insurance for the vehicle.
Most people will have collision and comprehensive coverages on a new car anyway, and it’s smart to have because without it, you're on the hook for any damage to it that occurs due to a collision or if it is vandalized or stolen. Ultimately, leasing or financing a vehicle should not affect your car insurance rate, given that you are taking the recommended collision and comprehensive coverage.
If you’re financing or leasing a new vehicle, get a no-obligation quote from one of our BIG brokers! Visit our link in bio to get started.

01/09/2023

Don't let your insurance renewal slip away, let us help guide you along the way. Contact us today to secure your tomorrow! 📞(519) 870-5500 or 647-286-0700

01/07/2023

Don't miss out on the opportunity to bundle and save on your car and home insurance! By combining your policies, you can take advantage of discounts and convenient coverage all in one place.

Address

1900 Hyde Park Road
London, ON
N6H5L9

Telephone

+15198705500

Website

http://Thebig.ca/Rav

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