< Back to Blog

Seven Car Insurance Myths Exposed

It’s often difficult to separate fact from fiction when it comes to car insurance, especially when so many myths and misconceptions exist. To help you better understand the ins and outs of your car insurance, here are seven of the most common insurance myths put to rest.

Myth #1: No fault insurance means it’s not my fault

False – No fault insurance means that your insurance company pays for your damages regardless of who’s at fault in a collision.

Myth #2: Red cars cost more to insure

False – The colour of your car has absolutely no impact on your car insurance rate. Insurance companies focus on the year, make and model of your vehicle to determine the premium.

Myth #3: The police did not charge me with the collision, so I am not at fault

False – The police may not have deemed you responsible for the collision, but it’s your insurance company that has the last word in determining fault in a collision.

Myth #4: If my friend drives my car and causes a collision, it won’t show up on my insurance record

False – If you lend your car, you lend your insurance, too. If you are the policyholder and registered owner of the vehicle, the collision will show up on your record even if you were not involved in it.

Myth #5: My car insurance rate will be similar to my next-door neighbour’s

False – Car insurance rates vary from person to person based on a variety of factors, including your age, years of driving experience, marital status, driving record, vehicle make and model, and where you live.

Myth #6: Parking tickets drive up your insurance rate

False – Parking tickets do not affect insurance rates. However, failing to pay your parking tickets can result in your licence being suspended for unpaid fines and suspensions, which could increase your premium.

Myth #7: There’s no point in shopping around; all car insurance rates are relatively similar

False – In provinces with private auto insurance (all but British Columbia, Saskatchewan and Manitoba), companies compete for your business. Rates vary considerably from company to company for your driving profile, so it always pays to shop around. Take a few minutes and get a free auto insurance quote.

At DPM Insurance Group, we’ll search for the lowest insurance rate from more than 15 of the top insurance companies in Ontario.


Source: insurancehotline


Protect yourself, protect your family, protect your devices.

Learn More

DPM Driver’s Ed Scholarship

DPM Driver’s Ed Scholarship. Your security, our responsibility.

Learn More

Blenheim Office

24 Marlborough St. N., Box 479
Blenheim, ON N0P1A0

Phone: 519-676-8159
Fax: 519-676-0020

Chatham Office

250 St. Clair St.
Chatham, ON N7L 3J9

Phone: 519-352-4343
Toll Free: 1-800-561-4949
Fax: 519-352-6484

Essex Office

29 Talbot St. N, Box 69
Essex, ON N8M 2Y1

Phone: 519-776-6457
Fax: 519-776-7400

Harrow Office

65 King St. W., Box 790
Harrow, ON N0R 1G0

Phone: 519-738-2277
Fax: 519-738-2279

Tilbury Office

59 Mill St. E, Box 1239
Tilbury, ON N0P 2L0

Phone: 519-682-0202
Fax: 519-682-2391

Wallaceburg Office

403 Wellington St.
Wallaceburg, ON N8A 2Y2

Phone: 519-627-1777

DPM Insurance is a BrokerLink company. The BrokerLink companies are subsidiaries of Intact Financial Corporation (TSX: IFC)