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Romanov Report 5 – June 16, 2005

June 9, 2005

Insurance Companies
In 2002 there were 65,000 drivers in Facility, which is an insurance company for the worst of the worst drivers and charging the highest rates.

In 2003 there were 277,777 drivers put into Facility because the insurance market stopped writing business until the government gave them back better controls over issues such as fraud.

THEN, in 2004, Facility increased their rates by 53%! This caused many drivers to drive without insurance, or they were simply bumped into other high risk, high rated companies.

Throughout 2005, and now in 2006, thousands of drivers are still paying high risk rates and need someone to tell them to do an insurance rate comparison through
www.InsuranceHotline.com and get back to paying reasonable rates.

Has this happened to anyone you know? If so you can help them, read on.

High Risk Insurance Companies

Many drivers who were bumped in to the other high risk, high rated insurance companies, can get back in to the standard markets and pay a lot less for their car insurance.

Some of the high risk insurance companies are; Facility, Kingsway, Coachman, Pembridge, Pafco and Perth and Echelon.

If you, or someone you know, are in any of these insurance companies and only have an accident or 3 tickets, or less, you can get back into the standard insurance companies. Other rating variables also apply.

NOTE: Some standard insurance companies like State Farm, Co-operators, Allstate, ING and others have a Facility component within their company. You may be placed in their Facility Division and NOT even be aware of it, unless you asked. SO ASK.

Uninsured Motorist

If you get hit by an uninsured motorist, don’t worry, "your" insurance company pays your damages, and the claim would NOT count against you. But if your car is a write off, BE CAREFUL about canceling your insurance policy. Many people have reported that they were put into a high risk, high rated insurance company because of this gap. But, that can be fought.

Drivers caught driving without insurance are subject to a $5,000 fine and may have their vehicle confiscated.

  • Mike

    Requesting quotation on Commercial vehicles insurance of Limousines ( Sedans/Stretches/Buses)
    Please advise. We are locating in Toronto under Park Lane Limo services. Thanks.

  • Mike

    Please direct us to right contact for the commercial vehicles of insurance.

  • Nick – InsuranceHotline.com

    Hello Mike,

    Please visit our commerical quotes page and fill out our quoting form.

  • Ana Hackett

    My daughter Jennifer had two car at fault car accidents and our insurance doesnt want to insure her anymore. She has her full G licence now has been insured on my husband’s Kia Rio. She will be driving the kia very casual. Can you provide me with a quote please. Also, would my husband have to be insured with you or can he stay where he currently is insured with and just have Jennifer insured separate? I appreciate your advice.
    Many thanks

  • Nick – InsuranceHotline.com

    Hello Ana

    Thank you for your questions. In order to obtain a quote, please visit our site http://www.insurancehotline.com. We will provide you with a quote plus the contact information of the insurance professional who can help you with the policy. Regarding where your husband and daughter should be insured, this is a question that you can ask the insurance professional that we refer you to.

  • Andre

    I got a careless driving ticket almost 2 years ago (no accident). Is it posible for me to get insured without paying a fortune?

  • Nick – InsuranceHotline.com

    Hello Andre,

    If you shop around, you can compare insurance quotes and select the lowest rate available. Try obtaining quote on our site – http://www.insurancehotline.com/car-insurance-quotes.

    Thank you.

  • http://www.insurancehotline.com/ InsuranceHotline.com

    I don’t know what province you are in so check with the Insurance Brokers Association of Canada at http://www.ibac.ca.
    They will help you find a broker.

    Thank you

  • Jennifer

    I have 6 convictions and an accident. I really need insurance asap. Any suggestions? I’ve been told by multiple brokers that there’s no market for me

  • InsuranceHotline

    you will have to go into a high risk market like Facility Association.

  • Sam Park

    I’ve purchased a r34 skyline from BC and shipping it to Ontario.

    Being a JDM right hand drive, is facility my only option?

    Have you heard of Right Drive insurance?

  • Andrew

    Hello, I received a speeding ticket of 30 km over the limit on a highway in Ontario. I had a g2 drivers license and it resulted in a suspension for 30 daya. I wasn’t aware of the suspension4 and I hadn’t driven much after that. My suspension lastest about 6 months because I didn’t pay the reinstatement fee for my license. Naturally, I went out to buy a vehicle and get insurance on it, not knowing about the suspension. I go to book a test and find out that my license has been suspended. I pay off
    the fee and get my license back. I get everything sorted and go and get an insurance plan. Now im dealing with a insurance company who cancelled my premium a month later and labeled me “high risk”. Great. I’m out 300 dollars and have no idea what to do next

  • InsuranceHotline

    Unfortunately being a newly licenced driver with a ticket for over 30km/hr plus a licence suspension will classify you as a high risk driver.
    You will have to apply for a policy with a high risk company. Make sure that you disclose your ticket and suspension as failing to do so could get you cancelled again.