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Scarborough: 1063 McNicoll Ave, Suite 100. Scarborough, ON, M1W 3W6

The Ontario Car Insurance Crisis

At Goodman Elbassiouni LLP in Toronto, Ontario, we’ve made no secret over the years of how we feel about car insurance rates in the province. Ontario’s car insurance rates are 55% higher than those in the rest of the country, which is completely ridiculous. Car owners pay an average of $1,500 per year, per car. If this wasn’t ridiculous enough, this rate is actually still going up and will soon reach $1,700 per year. While it is legal to purchase auto insurance, the amount that you will be compensated depends on the nature of the accident and also the subjective opinion of whomever is tasked with assessing the nature of the accident and establishing culpability.

Ontario’s Statutory Accident Benefits is the branch of provincial government responsible for deciding what sort of compensation you are eligible for above and beyond your insurance payout. The insurance payout should cover the fair market value for the necessary repairs. If your car is totaled, the insurance company should pay market price for the same model of car, with similar features and comparable mileage. Because you pay such a high insurance premium as an Ontario resident, you should make sure that you get fair value. As if your insurance wasn’t already expensive enough, it will increase after an accident, even if you were not responsible.

When you need a Toronto slip and fall lawyer or an automobile accident lawyer for your tort case,  Goodman Elbassiouni LLP should be at the top of your list. In the event of a car accident, you may experience physical or emotional trauma that requires specialist care. These kinds of bills can add up quickly, and depending on your medical coverage they can certainly add up quickly. Make sure to keep all of your receipts and keep meticulous notes when you are being treated so that you have ample evidence in the event that you go to court over your accident.

Other factors that may influence your tort case are: income statements, accident reports, witness testimony. If the other driver was at fault, make sure you get the contact information of anyone who clearly saw what happened: this can be the most decisive factor in the courtroom.

At Goodman Elbassiouni LLP, we understand that the time following a car accident can be very traumatic. Taking on all of the little details and chores of obtaining fair compensation can be strenuous, and while you may feel responsible to take this on, it is much better if you delegate to our expert services. You or a loved one can fill out a case assessment on our website, or set up a meeting in person at our offices.

The cost of living is high enough in Toronto without throwing a car crash into the mix. The culture of our city is extremely fast-paced and can be cut-throat, it can be difficult to take the proper time to heal after an accident and treat yourself right, but in the long run, it is the much better option.

If you’re already sweating your insurance bill and the high cost of living in Toronto and you end up getting in a car crash, reach out to a Toronto slip and fall lawyer and automobile accident lawyer at Goodman Elbassiouni LLP for help. Check back soon for more great legal advice!


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