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As you may know, the area of Ontario is governed by the Rules of Fault Determination dully laid out in the Insurance Act of Ontario. This means that the “No Fault” rule is in full force which suggests that you are going to be compensated for your damages regardless of whether you are found to be at fault. However, even though the fault wouldn’t impact your legal right to get compensated as that’s what the insurance is being paid for, your insurance rate is likely to go up.
If you have been involved in a car accident or any other kind of motor vehicle accidents and you were the driver at fault, the chances are that your premiums are going to increase. However, it’s worth explaining how to determine the particular amount of the increase. This is a particularly interesting and rather difficult question to tackle because the increase rate of your premiums is going to be individual for each company and as such it’s going to vary. This is why it might be a good idea to discuss this particular issue with your insurance company prior to purchasing the policy. This is going to provide you with a clear idea of how the insurance rates are going to change in time in case you’ve been involved in a car accident and it’s your fault.
You should also bear in mind that any subsequent car accident that is being caused by you and you’ve been found at fault is going to continue to increase your premium rates. In some particular cases, the insurance company would have the right to actually cancel the policy as you are going to present too much of a risk factor for it.
Furthermore, there are other additional factors which are going to impact the amount of the increase. The seriousness of the accident, the type of car that you are driving as well as the gravity of the damages are all going to impact the increase in the rate. With this in mind, it is definitely in your best interest to pick up an insurer which is going to provide you with the best terms and the lowest rates.
However, the best way to avoid all of the aforementioned hassle is simply to drive safely. If you adhere to the rules and regulations set forth by the Traffic Act of Ontario, the chances of you being involved in an accident are going to decrease dramatically. Furthermore, if you abide by the provisions and are involved in an accident you are far less likely to be found at fault which isn’t going to have an impact on your premium rates. Discuss your case with an injury lawyer in Brantford that is experienced with tort laws. Not only will they be able to assist you with the documentation and filing for compensation but of the case isn’t settled out of court, they have the experience to stand and represent you through the trial.