Ontario law requires that you have at least a minimum amount of auto or car insurance coverage to protect yourself and your loved ones from auto-related perils and accidents. TD car insurance mandatory coverage is the right plan for you, it is designed to provide liability coverage, direct compensation, uninsured automobile coverage, and accident benefit coverage to the insured.
The car is for Canadians. You can insure yourself and as many drivers as possible but the insured is required to be a Canadian resident and he must have a valid driver’s license. The coverage is not for rented or leased vehicle, vehicles used for racing or competition, and vehicles that have profound and irreparable damage or unsafe.
What You Should Know about the TD Mandatory Coverage Car Insurance Plan
The car insurance cost is determined by several factors such as the make, model and year of your car, how often you drive, the purpose for which you use the car, your driving record, where you live, the coverage you choose, and special discounts. You can also save a lot in this plan by bundling your car and home insurance, driving a hybrid or electric car, insuring two or more vehicles, or installing an approved anti-theft system.