In Ontario, all drivers are legally required to carry a standard auto insurance policy that includes:
- Third-Party Liability (minimum $200,000)
- Statutory Accident Benefits
- Direct Compensation – Property Damage (DCPD)
- Uninsured Automobile Coverage
However, as experienced Mississauga insurance brokers, we often recommend increasing your liability limit to $1 million or $2 million, especially if you have significant personal assets or drive regularly in high-traffic areas.
Additional optional coverages such as collision and comprehensive insurance are highly advisable, particularly for newer or leased vehicles. These protect your car from damage due to accidents, theft, fire, vandalism, or natural disasters.
At Aaxel Insurance Brokers, our local team will assess your driving habits, vehicle type, lifestyle, and financial situation to customize a policy that offers optimal protection without overpaying.
