Transportation & Car Insurance in Peterborough County

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The city of Peterborough is located in southern Ontario. Many people mistakenly believe that Peterborough is named after the city of the same name in England; however, it’s actually named after Peter Robinson, the politician responsible for the first wave of major immigration to the area. The 80,000 residents of Peterborough can get around the city either via public transportation or by driving their own cars. Peterborough Transit is the primary public transit provider in the city; they run 12 regular bus routes and 5 express ones. Greyhound runs commuter buses from Peterborough to Toronto, and GO Transit runs buses from Peterborough to Oshawa. Highways accessible from Peterborough include Highway 115, Highway 7 and Highway 28.

The Facts About Insurance in Peterborough & the Rest of Ontario

Drivers in Peterborough are required by law to have auto insurance. Your insurance will cover you in Canada and the United States but not in Mexico. In most provinces, you are required to purchase third party liability coverage and basic accident benefits coverage. If you are the at-fault party in an accident, third party liability coverage will pay for the other party’s injuries and property damage. Accident benefits coverage will pay for your medical expenses and provide income benefits if you are unable to return to work immediately after the accident.

A Motor Vehicle Liability Insurance Card

Once you’ve purchased this insurance, you will receive a motor vehicle liability insurance card, more commonly referred to as a pink card. This pink card is your proof of insurance, and it’s a good idea to always keep it with you when you’re driving. If you are ever pulled over, the police officer will probably request your card. You will also need your pink card the first time you register a car and every time you renew your licence plate.

How a Deductible Works in Ontario

Many people are under the mistaken impression that the minute an accident happens, the insurance coverage will kick in; however, this is not so. All policies include something called a deductible. A deductible is the amount of money you are required to pay out of pocket before the insurance company will start paying. For example, you may have a deductible of $500. If you are in a car accident that results in property damage to the tune of $2,000, you have to pay the first $500 and the insurance company will cover the remaining $1,500. If you want to pay less money for your car insurance, it’s a good idea to ask for a high deductible.

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