High-risk auto insurance in Ontario typically costs significantly more than standard coverage, often ranging from $3,000 to $10,000 annually, depending on factors such as your driving history, age, location, and type of vehicle. High-risk drivers include those with multiple accidents, traffic convictions, license suspensions, or impaired driving charges.
The reason for the higher cost is simple — insurers base premiums on risk. If you are statistically more likely to file a claim, your rates will reflect that increased risk. However, not all high-risk policies are priced the same. At Aaxel Insurance Brokers, we work with multiple insurance providers to compare rates and coverage options tailored to your specific situation.
Factors influencing your premium include:
- Number and severity of traffic violations
- At-fault accidents in the last 6 years
- Criminal driving convictions (e.g., DUI)
- Lapses in insurance coverage
- Age and driving experience
The good news is that high-risk status is not permanent. If you maintain a clean driving record over time, your rates can improve. Aaxel Insurance Brokers specializes in finding affordable high-risk coverage while helping you develop a plan to lower your premiums in the future.
By partnering with the right broker, you can secure adequate protection today and work towards better rates tomorrow. We guide you through policy options, explain coverage details in plain language, and ensure your insurance is both compliant and cost-effective.
