As your vehicle ages, or you finish making payments, you might be wondering if it is possible to reduce your auto insurance costs by reducing or eliminating unnecessary coverages.

The answer is: it depends.

Could you afford to repair or replace your car?

We provide a selection of optional coverages. Payments cover direct and accidental loss of, or damage to, a described automobile and its equipment. There is usually a deductible amount indicated for each coverage, which is either paid by you toward the cost of repairs or deducted from the loss settlement. Higher deductibles may reduce your premium.

On the other hand, if replacing your car is not practical for you, then optional insurance coverage could be your best bet.

What auto insurance coverage is optional?

On top of the auto insurance coverages in Ontario that are required by law, you might consider optional coverages to build on your mandatory coverage.

  • Collision or upset coverage – This coverage pays for losses caused when an insured vehicle is involved in a collision with another object, including another vehicle, or rolls over.
  • Specified perils coverage – This coverage protects against losses caused by situations that are unpredictable and unavoidable. Each insurer will have a detailed list, but coverage often includes situations such as fire, flood, theft or attempted theft, earthquakes, etc.
  • Comprehensive coverage – This coverage pays for losses, other than those covered by collision or upset coverage, including perils listed under specified perils coverage, including falling or flying objects, missiles and vandalism.
  • All perils coverage – This combines collision or upset and comprehensive coverages. In addition, it covers loss or damage caused if a person who lives in your home steals the vehicle your insurance policy covers.

Get the right coverage, at the right price.

Every insurance policy will differ based on your situation and is impacted by factors such as your driving record, your address, how many kilometres you drive per year, and the make and model of your car, just to name a few.

At Roughley Insurance, our team works with a wide range of insurance partners. Once we understand what you need, we compare plans and pricing to find you the right insurance at the right price. 

Roughley’s team of insurance professionals is standing by to answer your call. If you have questions about your insurance, we invite you to call us and speak to one of our team members.

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We are available Monday to Friday, 9am until 4:30pm.

Oshawa Location
Phone: 905.576.7770 • Toll Free: 1.888.558.0883
Fax: 905.576.3610

Bowmanville Location
Phone: 905.697.4257 • Toll Free: 1.888.558.0883
Fax: 289.316.3662