High-Risk Auto Insurance Broker in Markham
Tickets, accidents, licence suspensions or cancelled insurance can make finding affordable auto insurance more difficult — but it does not necessarily mean you are out of options.
Verdant Insurance helps Ontario drivers compare available high-risk and non-standard auto insurance options based on their individual driving and insurance history.
Why Might an Insurance Company Consider You High Risk?
Insurance companies use underwriting rules to determine whether they are willing to insure a driver and at what price. Your driving record and previous insurance history can significantly affect your options.
Multiple Tickets
Several driving convictions within a relatively short period may cause some standard insurers to decline coverage or apply higher rates.
At-Fault Accidents
One or more at-fault accidents can materially affect your insurance premium and may limit which insurers are willing to offer coverage.
Cancelled Policies
Previous cancellations for non-payment or other insurance-history issues can make it more difficult to obtain coverage through standard insurance markets.
Licence Suspensions
Certain licence suspensions or serious driving convictions can significantly change the insurance markets available to you.
Major Convictions
Major or serious convictions may cause an insurer to decline your application under its approved underwriting rules.
Complex Driving History
A combination of accidents, tickets, cancellations or other factors can result in a driver being placed in a non-standard insurance market.
High-Risk Insurance Is Not a One-Company Market
One insurer declining your application does not automatically mean every insurer will make the same decision.
Underwriting rules differ between insurers. A broker can review your situation and determine which available insurance markets may be appropriate for your driving and insurance history.
Had Your Auto Insurance Cancelled for Non-Payment?
A cancellation for non-payment can affect which insurance companies are willing to insure you and what payment options may be available.
Some insurers may still offer monthly payment plans depending on your history, while others may require the premium to be paid in full.
What Affects High-Risk Auto Insurance Pricing?
Your driving record is important, but it is not the only factor used to determine your premium.
Driving Record
Tickets, driving convictions and previous at-fault accidents can materially affect your insurance premium.
Vehicle
The make, model, year and insurance characteristics of your vehicle can affect the premium you are quoted.
Location
Where the vehicle is primarily driven and kept can affect insurance pricing.
Insurance History
Previous insurance coverage and cancellations can affect insurer eligibility and payment options.
Annual Driving
Annual kilometres and how the vehicle is used may affect your insurance rate.
Coverage Selected
Deductibles, optional coverages and policy endorsements can also change the cost of your policy.
High-Risk Auto Insurance in Markham and Across Ontario
Verdant Insurance is located at 675 Cochrane Drive in Markham and serves drivers throughout Ontario.
You do not need to live in Markham to request an auto insurance quote from Verdant. Our brokerage is licensed to serve clients across the province.
High-Risk Auto Insurance FAQ
What is considered high-risk auto insurance in Ontario?
High-risk or non-standard auto insurance is generally used for drivers whose driving record or insurance history makes them more difficult to insure through standard insurance markets.
Can I still get insurance if I have multiple tickets?
Potentially. Eligibility depends on the number and type of convictions, when they occurred and the underwriting rules of the insurer reviewing the application.
Can I get auto insurance after a cancellation for non-payment?
Yes, insurance may still be available, although your insurer options and payment requirements may be more limited depending on your cancellation history.
Will I always be considered a high-risk driver?
Not necessarily. Driving and insurance-history factors change over time, and you may become eligible for additional insurance markets as older incidents no longer affect an insurer's underwriting decision.
What if standard insurance companies will not insure me?
Ontario also has specialized non-standard insurance markets for higher-risk drivers. In some circumstances, the Facility Association may act as the market of last resort when insurance cannot be obtained through regular insurers.
Does Verdant Insurance only serve Markham?
No. Verdant Insurance is located in Markham but serves eligible clients throughout Ontario.
Need Help Finding High-Risk Auto Insurance?
Tell us about your driving and insurance history and a Verdant Insurance broker can review the available Ontario insurance options.