There are many benefits to driving a hybrid vehicle. From the improved fuel economy and advanced safety features to the lower emissions and environmental impact, many Ontario drivers are choosing hybrid vehicles. But it’s important to protect yourself and your vehicle with comprehensive hybrid car insurance, and that’s where our experienced insurance brokers can help.
At Morison Insurance, we want you to have peace of mind knowing that whether you’re in an accident with another vehicle or an unexpected event damages yours, you have the protection you need. Our brokers are experts in the insurance industry and will take the time to learn more about your hybrid insurance needs to get you the most comprehensive policy options possible for your hybrid auto insurance. Ontario drivers can give us a call or read on to learn more about hybrid car insurance.
Ontario hybrid car insurance is a type of auto insurance specifically for hybrid vehicles. It ensures that if you’re involved in an auto accident or your vehicle is damaged by an unexpected event or insured peril, you have the protection you need to cover the cost of repair, medical bills, or legal expenses.
Suppose you are driving on an icy road, and your vehicle skids out of control, causing you to crash into a fence. Any damage to your vehicle or the fence will be covered by your hybrid auto insurance. Ontario drivers may also park their vehicle on the street, run into the store, and come out only to find that someone sideswiped it, taking off a side mirror, but didn’t leave contact information. The cost of repairing your damaged car would be covered by your insurance company. Or, maybe you were involved in a collision with another vehicle. If you were found at fault for the accident, you would be responsible for paying the costs of repairing the other vehicle, as well as potential medical bills and legal settlements.
Without the proper hybrid car insurance, Ontario hybrid car owners would need to pay thousands of dollars out of pocket. Ensure you and your hybrid vehicle are protected by calling your Morison Insurance broker today.
Ontario requires that all motor vehicles on its public roads be insured. While it is not a criminal offence, driving without proof of insurance coverage can result in hefty fines, vehicle impoundment, and license suspension. So it’s best to protect yourself with the right policy for hybrid auto insurance.
Generally, both gas vehicle and hybrid car insurance policies have the same mandatory coverage and similar optional coverage options for insured perils. That said, hybrid owners may want to consider investing in specialized coverages in their hybrid car insurance policies.
A standard gas-powered car has only an internal combustion engine (ICE), and because it has been the standard for decades, it’s easy to find a repair shop for its parts. A hybrid electric vehicle uses both a gas engine and an electric motor, and electric car battery power allows it to switch back and forth from different power sources. However, it can be harder to find garages that specialize in hybrid repairs due to the more complex components, so hybrid owners may want to invest in additional coverage to ensure their vehicle has the financial protection it needs. Additionally, many insurance companies offer specialized endorsements or extended coverage for hybrid features. Speak with your trusted insurance broker to learn more about what insurers offer what coverages, and which product might work best for your hybrid car insurance in Ontario.
Both hybrid and electric vehicles follow the same rules and mandatory coverages as standard vehicle insurance. However, some insurance providers do offer specialized coverage depending on your vehicle type.
Ultimately, because electric vehicles run using an electric motor and battery life, it doesn’t need the gas engine protection provided by hybrid car insurance. Ontario brokers can further explain the difference when you contact us about getting a hybrid auto insurance quote.
Whether it’s for gas-powered vehicles, electric cars, or hybrid auto insurance, there are a number of mandatory coverages that you need to have. These standard coverages include:
Some optional coverage types for hybrid car insurance that Ontario drivers may be interested in including in their policy include:
Unsure of what types of coverage you need in your standard or plug-in hybrid car insurance? Ontario’s top insurance brokers at Morison Insurance will be more than happy to discuss what extra protection you may need and find comprehensive coverage options at the lowest rates.
Currently, it is more expensive to insure a type of hybrid vehicle than a traditional gas car. This is because they have specialized components that can cost more to repair, have a higher retail price, and there are fewer repair shops that can handle hybrid vehicles. That said, hybrid car insurance in Ontario is only about 5% higher than traditional car insurance, and as both hybrid and electric vehicles get more popular and become more common, that price gap continues to shrink.
That said, some insurers do offer green vehicle discounts or electric or hybrid auto insurance. Ontario insurance companies offer them as a reward for choosing a greener vehicle and taking steps to reduce your carbon footprint, which ultimately improves the lives of all Canadian drivers. To learn more about what car insurance discounts may apply to your hybrid car insurance, speak to your Morison Insurance broker about how to reduce the initial cost of your hybrid auto insurance premium with eligible discounts.
Insurance is highly personalized. What works for one person may not work for another. You and another hybrid car owner may own the same make, hybrid model, and type of vehicle. But you may use your car to commute and run errands, while they may just need the car to make regular trips across Ontario to visit friends and family. So, why would the two of you have the exact same hybrid car insurance policy?
The same thing applies to hybrid car insurance rates. Insurance costs are dependent on a wide variety of factors, so even if you and other hybrid drivers use your vehicles the exact same way, you likely don’t have the exact same insurance premium.
Some of the different factors that go into calculating the cost of your personalized premium for hybrid car insurance in Ontario include:
It’s important that you be as honest and as detailed as possible when describing your situation and insurance needs to ensure you get the best possible coverage for your hybrid car insurance quote. Ontario's top insurance brokers at Morison Insurance will also be able to find you discounts based on your description to help you get a more affordable hybrid car insurance policy rate.
Getting a hybrid car insurance quote in Ontario is simple: Ontarian drivers can call the skilled insurance brokers at Morison Insurance. We offer expert advice and take the time to learn about your vehicle insurance needs and will search a wide range of providers in the province to find you the right hybrid auto insurance package.
To get started on getting the right hybrid vehicle insurance policy for you, just give us a call at 1-800-463-8074, or reach out to us online for a free hybrid auto insurance quote by filling out the form on this page.
