DMW Insurance Blog



How Tickets, claims, & Non-Payment Cancellations affect your car insurance.

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 […]

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What Should you Consider When Insuring a Fleet of Commercial Vehicles

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. […]

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The Dangers Posed to Consumers by Decreased Competition in the Canadian Insurance Industry

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 […]

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How Insurance Pricing Algorithms can affect premiums

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 […]

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The potential for premium increases when one Insurance company takes over another

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 […]

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Why Insurance Companies are Now Offering Enhanced Water Damage, Surface Water and Groundwater Coverage

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 […]

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Ontario car insurance rate changes from 2011 to 2016

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 […]

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The Benefits of Working With an Insurance Broker

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 […]

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There’s water coming into my basement. Where is it coming from ? Should I call the insurance company ?

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 […]

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Online car & home insurance quoting sites in Toronto – how good are they ?

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 […]

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Winter Tire Discounts coming to Ontario effective January 1, 2016

  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 […]

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Get the facts on changes to Ontario car insurance rates

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 […]

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Uber drivers and car insurance in Toronto Ontario

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 […]

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Ontario car insurance rate changes between April 2014 & September 2015

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 […]

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