Ontario's mandatory minimum is $200,000, but this is widely considered insufficient. A single serious accident can result in claims that far exceed this amount. Most insurance advisors recommend a minimum of $1 million, and $2 million is common. Ensure you're comparing quotes at the same liability limit — a quote with $200,000 liability will be cheaper than one with $2 million, but they're not equivalent products.

Accident benefits cover your medical expenses, income replacement, and other costs if you're injured in a collision, regardless of fault. Ontario's standard accident benefits are set by regulation, but optional enhanced coverages are available. Confirm whether each quote includes standard or enhanced accident benefits, and whether the enhanced options are priced separately.

Confirm the deductible amount for each coverage type in every quote you're comparing. A quote with a $2,500 collision deductible will be cheaper than one with a $500 deductible — but you'll pay $2,000 more out of pocket when you claim. Standardize deductible amounts across quotes before comparing premiums.

DCPD covers damage to your vehicle when another driver is at fault. As of January 2024, DCPD became optional in Ontario (previously mandatory). Confirm whether each quote includes DCPD and at what deductible. Removing DCPD reduces your premium but means you'd need to pursue the at-fault driver's insurer directly for vehicle repairs — a process that can be slow and uncertain.

This coverage protects you if you're hit by an uninsured driver or a hit-and-run. It's mandatory in Ontario and should be included in every quote. Confirm it's present.

Common optional coverages include: loss of use (rental car while yours is being repaired), waiver of depreciation (pays replacement cost rather than actual cash value for new vehicles), accident forgiveness (prevents your first at-fault accident from affecting your premium), and roadside assistance. Confirm which optional coverages are included in each quote and whether you actually want them.

Price is only one dimension of value. An insurer's claims handling process — how quickly they respond, how fairly they settle, and how easy they are to deal with — matters when you actually need to use your policy. Ask your broker about the insurer's claims reputation. FSRA regulates Ontario insurers and handles complaints; you can check whether an insurer is licensed at fsrao.ca.

Ask each insurer or broker what discounts have been applied to your quote. Common discounts include: multi-vehicle, multi-policy (home and auto), winter tires, claims-free, driver training, telematics/usage-based, and loyalty discounts. Ensure you're receiving all discounts you qualify for — they're not always applied automatically.