Waterloo Car Insurance
For over thirty years, Humberview Insurance Brokers has been a trusted partner for residents of Waterloo, Ontario, and surrounding regions in securing their Waterloo car insurance needs. If you're in the market for a competitive Waterloo car insurance quote, our dedication isn't just about presenting you with an affordable rate. We are enthusiastic about introducing you to one of our licensed Insurance Brokers. These experts have a deep understanding of the intricacies of car insurance and are steadfast in guiding you, providing invaluable advice, and supporting you throughout the claims process.
Standard Car Insurance in Waterloo, Ontario
Liability
Liability portion of your car insurance policy provides protection against damage you cause to other people or their property
Direct Compensation Property Damage
Covers damage to your vehicle from your own insurance company to the extent you are not at fault. (For portion you are at-fault you would need collision or all perils coverage). As of January 1 2024, there is an option to opt out of this coverage.
Uninsured Automobile Coverage
Protects you if you are hit by an uninsured motorist or by a hit and run driver. This portion will cover damage to your automobile caused by an identified uninsured motorist.
Accident Benefits
Provides compensation if you or others are hurt or killed in a car accident.
Extra Coverages for your Waterloo Car Insurance to Take You Those Extra Km’s
Collision Coverage
Covers your damage to your car as a result of hitting an object or another car
Comprehensive Coverage
Covers some insured damages such as falling objects, theft and fire.
All Perils Coverage
Most extensive physical coverage for your car. Covers collision + comprehensive and better theft coverage.
Accident Forgiveness Coverage
Extra coverage that protects your driving record and your insurance rate from going up from your first at-fault accident. Typically, you need to have been insured accident free for a set number of years to qualify.
Depreciation Waiver Coverage
Gives you the purchase price of the vehicle in the event of a total loss.
Rental Vehicle Coverage
Provides you with a rental vehicle to a specified limit after an insured loss.
How Waterloo Car Insurance Rates Determined
The Car you Drive
Factors such as engine size, the cost of the vehicle and safety ratings can all make an impact to how much you will pay for car insurance.
How you Drive
Generally, if you are driving many kilometers or driving to work you will generally pay more than someone that just used their vehicle for occasional driving and errands.
The Area in Which You Live
The area in which you live and where you most often drive affect the price you pay for car insurance. Generally, big cities have more traffic this makes the risk of accidents being higher.
Driver Profile
Things like your age, your driving history, how many tickets, accidents, when you got licensed as well as other factors can all play a part in making your rate..
All the Coverages You Choose
Some coverages you choose can add up and it is up to you to determine which are best fit for you. Our brokers can help you decide.
Discounts You Qualify for
A variety of eligible discounts can be added if you qualify that may impact your final car insurance rate.
Ways you Can Save to Get Cheap Waterloo Car Insurance
Bundle
Add your house policy to get a multi-line discount..
Insure two or more vehicles
Insuring your vehicles with the same company can result in you receiving a multi-vehicle discount for all vehicles on the policy.
Shop Around
In Ontario, there are many options for car insurance whether through agents, brokers or direct companies. There are many offerings.
Increase deductibles
Determine how much you are comfortable covering yourself if minor damage occurs and adjust your deductible accordingly.
Pay Yearly
Some insurers charge a maximum rate of 1.3% for paying for your car insurance on a monthly basis. If your company is charging you for paying monthly – ask about paying annually or in larger installments to avoid fees.
Install winter tires
Installing winter tires on your vehicles just makes sense for winter driving, but it can also save you money on what you pay for your car insurance.
Take a Drivers Training course
If you are a young or inexperienced driver the price you pay for car insurance might be improved by taking an approved driver training course.
Consider Renewing
Insurers typically give renewal discounts after a year or three and it might be wise to consider what the renewal price will be when you are shopping around.
Tips for Driving in Waterloo
Mind Speed Limits
Speed limits can vary, especially near school zones. It's crucial to adhere to the posted limits.
Roundabouts
Waterloo has multiple roundabouts. Ensure you understand the rules and yield to both pedestrians and traffic inside the roundabout.
Student Areas
With a major university in town, always be on the lookout for students crossing roads and cycling.
Why Humberview?
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You Get One Dedicated Broker
We are not a call center, you will have the same broker for your policy.
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In Business Since 1982
We are an independent broker located in Toronto since 1982
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Quotes from Top Insurers
We represent some of Canada's best insurance companies.
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No phone prompts when you call us
Speak to a human, right away.
Waterloo Car Insurance by Vehicle
Did You Know About Waterloo?
From the moment you initiate contact for a quote, our commitment is manifestly clear. Waterloo, renowned for its vibrant tech community and institutions like the University of Waterloo, underscores the significance of reliable Waterloo car insurance. Whether you're attending an event in Uptown Waterloo or visiting the scenic parks, ensuring safety on the roads is essential.
Neighborhoods in Waterloo
Uptown
The vibrant heart of the city with numerous shops, restaurants, and events.
Beechwood
A suburban area known for its quiet residential atmosphere and green spaces.
Westvale
A well-established neighborhood with schools, parks, and recreational facilities.
Laurelwood
Renowned for its conservation area, shopping centers, and schools.
Busiest Streets in Waterloo
King Street
University Avenue
Weber Street
Columbia Street
Waterloo Car Insurance FAQ
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How much car insurance do I need in Waterloo?
The minimum amount includes liability insurance which comes with three other mandatory coverages. We suggest people carry at least $2 million in auto liability coverage. -
How much is car insurance per month in Waterloo?
Paying approximately $200 per month is in and around the standard. But this can increase quickly if you are a new driver, have tickets, accidents or live in an area where there are a lot of claims. -
How much is insurance for a G2 Driver in Waterloo?
For a new G2 driver paying $350 per month is not unheard of. There could be ways to reduce this rate if you recently moved to Ontario and can prove experience from a different province or country. -
Which car has the cheapest insurance in Waterloo?
In Waterloo, selecting a vehicle known for reliability and efficiency, such as a compact sedan with excellent safety ratings, would be a smart choice. This can contribute to reduced insurance rates. While all-wheel drive is beneficial for the snowy season, it’s not as essential. A compact sedan is well-suited for the city’s bustling streets and occasional highway journeys. -
How much is car insurance in Waterloo for a new driver?
This rate can vary depending if you are a new driver who completed driver training, or whether or not you are bringing experience from another country or province. -
Do all drivers in a household have to be insured in Waterloo?
Yes, by law all drivers that are in the household need to be listed on the policy or have their own policy.
Waterloo Car Insurance Quotes For Different Types of Car Insurance
Clean Record Car Insurance in Waterloo
- For drivers in Waterloo with impeccable driving histories, Humberview Insurance Brokers is your optimal choice.
- Our primary mission is to present cost-effective Waterloo car insurance solutions.
- We're driven by the goal of connecting you with our experienced, licensed Insurance Brokers who can expertly navigate you through the insurance landscape, especially when the time comes to make a claim.
Waterloo Commercial Auto Insurance
- Humberview Insurance Brokers has long been the pre-eminent choice for Commercial Auto Insurance in Waterloo.
- Whether you own a business, run a café in Uptown, or employ your vehicle for commercial travel, our offerings are curated for your unique requirements.
- Our specialists construct insurance policies that provide comprehensive protection for your commercial endeavors.
- Trust us to deliver unparalleled Commercial Auto Insurance solutions in Waterloo.
Waterloo High Risk Car Insurance
- In certain instances, drivers in Waterloo might be in the market for high-risk car insurance owing to previous infractions or unique circumstances.
- This insurance is crafted for those who, due to a variety of reasons, are viewed as a higher risk.
- Such behaviors, besides being a menace on the road, can result in stern legal consequences.
- Other triggers that might steer someone towards high-risk car insurance in Waterloo include recurrent traffic tickets, involvement in numerous accidents, or having lapsed coverage periods.
- This bespoke insurance enables drivers to progressively mend their record whilst still enjoying the necessary coverage on the roads.
Car Insurance News and Blog for Waterloo, Ontario
DUI Insurance in Ontario: What You Need to Know After a Conviction
Does a Speeding Ticket in Ontario Affect My Car Insurance?
How Distracted Driving Penalties Are Leading to Insurance Increases in Ontario
Driving in School Zones: Fines, Tickets and Insurance.
Distracted Driving Across Canada
