Car insurance grace period ontario

A car insurance grace period allows drivers to keep their coverage even if they miss a payment. This grace period takes effect if you don't pay your car insurance premium on time, whether due to a medical issue, loss of employment, or oversight. A car insurance grace period allows drivers to keep their coverage even if they miss a payment.

In Ontario, insurance providers are required to give 15 days’ notice before the cancellation of an auto policy by mail. If the notice is served in person, that window becomes five days. Don’t ignore such a notice — contact your insurance provider as soon as possible to acknowledge receipt and negotiate a plan to bring your payments up to date.

Ontario has compulsory automobile insurance. This means every vehicle registered in the province must be insured. You must show proof that you have insurance coverage before you can register a vehicle or renew your registration. The Financial Services Commission of Ontario (FSCO), regulates insurance in Ontario.