It’s not just a good idea to get auto insurance when you’re driving a car on Ontario’s roads; it’s the law. And that’s not just here, that’s throughout the rest of the continent and most of the world. But while getting auto insurance is a simple enough idea, there are many considerations going on behind […]
DMW Insurance Blog
Auto insurance for the majority of drivers on the road in Ontario is relatively simple. You pay your insurance every month, grumble about the expenditure, and then are really happy it’s there when you come out of the movies just in time to see someone banging into your stationary, parked car. But for some people, […]
This article talks about how tickets, claims, and non-payment cancellations affect your car insurance in Toronto. Paying insurance on your car isn’t a simple, straightforward process. The payment is something that everyone can do easily, but it is the actual number crunching going on behind the scenes that introduces a lot of complexity. There are […]
Driving on the roads of Ontario can be a great experience when done for pleasure, or for work and commuting purposes. But there’s one factor that’s the same regardless of why you’re driving; you and other drivers have a responsibility to each other to drive safely. When that doesn’t happen, and an accident occurs, that’s […]
Important Factors to Consider When Insuring a Fleet of Commercial Vehicles As your business grows, you may find yourself in a position where you rely more and more on your own transportation to get your work done. You may even find that you’ll require multiple vehicles, depending on the type of business you’re running. […]
How to Select the Right Type of Small Business Insurance for Your New Venture Starting a new business can be one of the most exciting times of your life. At the same time, it can also be very daunting if you have not already spent some time in the world of business. There will […]
Tips to Help You Save on Your Small Business Insurance Premiums If you’re running a small business, you have both a lot of risk and a lot of reward ahead of you in your career. You may not have the scale and budget of the big, corporate businesses, but you’re still your own boss, […]
What is Usage Based Insurance and How Will it Help Me Save? One of the most popular ways to save money on car insurance is with UBI or Usage Based Insurance. This type of insurance is also known as Pay As You Drive (PAYD) or Pay How You Drive (PHYD) insurance. So, what […]
Do Car Insurance Discounts Vary from Provider to Provider? Shopping for car insurance is usually not thought of as a fun activity. Generally speaking, consumers see car insurance as just another thing standing in the way of them and their vehicle. But what if we told you that taking your time with car […]
Can I Save Money by Switching Insurance Agencies? If you listen to the radio or watch TV, chances are, you hear numerous commercials and advertisements claiming significant savings when you switch insurance agencies. In many cases, these deals sound too good to be true but can you really save money by switching to a new […]
Benefits of Shopping Around for a New Insurance Provider As a consumer, you wouldnt purchase the first car you test drive or the first home you tour. Even if you have an idea that the first one you looked at is the best for you, its common sense to look at other options first to […]
How Your Credit Score Could Impact Your Home Insurance Rate Your credit rating is incredibly important. It can not only help determine whether or not you’ll be approved for a loan or a mortgage, but also how high the interest rate you’ll have to pay for it. But did you know that your credit score […]
In the Canadian insurance industry, consumers now find themselves faced with fewer options. Large conglomerates are increasingly buying out their smaller counterparts, leading to significant challenges for consumers. Consolidation within the insurance market is gaining momentum as organizations grow to counteract the growth of their competition. In this post, we’ll review the damage this consolidation […]
Insurance companies typically harness a methodology called risk assessment when calculating premiums for policyholders. But humans are no longer at the center of the risk assessment process. Leading the calculations are sophisticated algorithms that measure key indicators about the policyholder to predict the potential risk of a particular event taking place. That risk is then […]
Across the insurance marketplace, customers are seeking out organizations that are able to offer comprehensive coverage at a reduced price-point. But with the increasing number of mergers in the industry, it’s becoming ever more difficult for insurance shoppers to find affordable rates. In this latest post, we’ll look the evolving insurance marketplace and the premium […]
Why Insurance Companies are Now Offering Enhanced Water Damage, Surface Water and Groundwater Coverage Insurance companies across the country must improve their products in response to the latest consumer issues. We’ve recently seen examples of this process taking effect with several of Canadas leading insurance companies now offering enhanced water damage, surface water, and groundwater coverage […]
Insurance Companies Disappearing There seems to be a trend in the last few years for Canadian insurance companies to buy other insurance companies. As a result of a recent acquisition, State Farm policies in Ontario will be renewed using Desjardins rules & prices. Sometimes there will be a short term cap or limit on premium […]
Do Demerit Points Really Matter in Insurance When most people see the red flashing lights in their rear view mirrors they pull over, roll down the window and wait for the police officer to arrive. They are expecting a ticket but breathe a sigh of relief when they notice it is only a monetary fine […]
In Ontario, car insurance companies are regulated by a government agency, the Financial Services Commission of Ontario (FSCO). Before an auto insurance company can raise or lower their premiums, they must file their rates with FSCO and wait for approval. The approval process can take several months, and once approved the car insurance company can […]
Can I Get A Good Rate With Online Car Insurance Quotes? There’s no doubt about it: the Internet has become an authoritative source of information in our daily lives. When it comes time to make an important purchase, its now far easier to make an informed decision thanks to the web. If you’re reading this, […]
Why Did My Car Insurance Rates Jump? Have you recently noticed an increase in your automobile insurance costs? There are a number of factors that can cause your rates to go up. Customers are often unsure of what may have led to the fluctuation in their rates, so we thought we’d have a look at […]
The Benefits Of Dealing With An Insurance Broker Over a Call Centre For years, we have been told about the value and savings that can be achieved by “cutting out the middleman.” We buy directly from the factory; we plan our vacations without a travel agent, and we hardly ever come face-to-face with a bank […]
The Benefits Of Working With An Insurance Broker People often ask us whats the difference between an insurance agent and an insurance broker? Sure, the titles are similar, but they are in fact very different. What differentiates an insurance broker from and insurance agent is exactly what makes the insurance broker your best ally when […]
We’ve taken many water damage claim reports over the years. When it’s not your house that was flooded, or damaged, you may look at the situation differently. But it’s different when it happens to you. Last week my wife called me saying the carpet in the office in our basement was a little wet. Did […]
Many shoppers these days are buying online – if they don’t buy online, they often start their research online before visiting a store or contacting the seller. Car & Home Insurance shoppers are no exception to this rule, and consumers usually start insurance shopping by visiting different websites for an online auto & home insurance […]
Effective January 1, 2016, most Ontario car insurance companies will be offering a discount for having winter tires installed on your vehicle. Here are the discounts announced by some of the insurance companies we work with: UNICA Insurance 10% Wawanesa Insurance 5% Intact Insurance 3% Travelers Insurance 2% Chieftain Insurance 2% Coachman Insurance […]
A few years ago, the Ontario Government promised a 15% rate reduction on auto insurance. But what’s really happened to the prices ? In order to change premiums on car insurance in Ontario, insurance companies must receive approval from The Financial Services Commission of Ontario (FSCO). This government organization publishes rate changes they’ve approved, and […]
Are Uber drivers insured by their auto insurance policy in Toronto ? Intact Insurance is developing a new program, while Wawanesa Insurance says not for now. Some of the reasons given for not insuring Uber drivers under the regular Ontario car insurance policy include; Uber driven vehicles are considered a public vehicle such as a taxi and do not qualify for a regular […]
The Financial Services Commission of Ontario (FSCO) has released an updated list of auto insurance companies that have changed their car insurance rates. We’ve updated the chart below to include the changes approved during the 3rd quarter of 2015. The chart below shows the approved rate changes (and the % increase or decrease) for car insurance […]
Its been a bad couple of years. The tickets keep coming and then BANG – you have an accident that’s your fault. What will happen to your car insurance rates? Below is an example of insurance scenarios for a 45 year old single male licensed and insured for 25 plus years, […]
Quarterly rates changes
