When it comes to car insurance in Ontario, many drivers assume that their auto policy covers everything, until an accident or claim proves them otherwise. Whether you’re driving though St. Catharine’s, doing errands in Welland, or heading down the QEW for a weekend trip to the falls, it’s important to understand what your policy fully includes.

Here are five things Niagara drivers often overlook when it comes to their auto insurance.

1. Your Deductible Impacts More Than Just Your Claims

With your auto policy, a deductible is the amount you pay out of pocket before your insurance overs the rest of the claim. A higher deductible can lower your monthly premium, but it also means a bigger cost out of your pocket if you ever need to make a claim. For example, a $1,000 deductible might seem manageable, until you have fender damage that costs $1,200 to fix.

Tip: Choose a deductible that balances affordability with peace of mind.

2. Accident Forgiveness Isn’t Always Automatic

Many drivers are stunned to learn that accident forgiveness is an optional add-on, not a typical standard feature to your policy. This type of coverage protects your driving record (and rates) after your first at-fault accident, but only applies if you’ve been accident-free for a certain amount of time.

Tip: Ask your insurance advisor if you’re eligible and whether it’s included in your current policy.

3. Winter Tires Can Earn You A Discount

Installing winter tires for the winter elements don’t just improve overall road safety, it can also reduce your insurance premium. Talk to your advisor once your winter tires are on and it could save you all season long.

Tip: Talk with your BCM advisor to see how you can save.

4. Your Commute Affects Your Premium

Ever thought how far and often you drive when it pertains to work? Working from home or have a short commute? This can actually qualify you for lower insurance rates. If your driving habits changed, make sure to contact your advisor to see how you can save.

Tip: Review your policy details annually with your advisor for the best results.

5. Not All Coverage Is The Same

Basic auto insurance in Ontario includes liability, accident benefits, and direct compensation property damage (DCPD), but this only includes the minimum. While many drivers choose to add comprehensive or collision coverage to protect against theft, fire, vandalism, or damage from things like fallen trees.

Tip: Always talk to your advisor to understand what coverage is in your policy and what is not.

Every driver’s situation is unique, and understanding your own coverage can make all the difference. Here at BCM Insurance, we’re proud to be a mutual insurance company owned by our policyholders and committed to supporting Niagara communities, not corporate shareholders.

If you are reviewing, your current insurance policy or shopping for a better fit for you. Our advisors are here to help you make confident and informed decisions.