Get the best rates on high risk insurance in Ontario

KBD is a Canadian home, car & business insurance broker with 40+ years of experience in the industry.

We provide coverage to Ontario insurance clients who fall into the “high risk” home, car and business categories.

Compare rates to get the best price on high risk insurance in Ontario
Insurance products we provide to high risk clients in Ontario
High risk home insurance

Things like a poor credit score, history of claims, or owning a vacant home can make you “high risk'' to home insurance companies.

High risk car insurance

If you drive a high risk vehicle, or have a few insurance claims on your record, you might fall into the high risk auto insurance category.

High risk commercial insurance

That dream restaurant you’re opening may be considered a “high risk” business. Make sure you're properly covered with commercial insurance.

KBD clients say it best

Over 600 5-star reviews on Google
Leah N.
“Great service, very easy and well explained procedures and information needed for insurance. Jordan was great to work with, and had excellent communication skills. 10/10 recommend.”
Shawn B.
“Greg is always making sure all my insurance needs are covered. Excellent service and very responsive.. thanks again!”
Nathan T.
“My first time ever getting insurance for a car and it was super simple. I spoke to Erika who was super nice and answered all my questions, and provided everything I needed!”
Brian B.
“Great experience. As a new to Quebec driver who just bought a car I got my insurance processed over the phone in less than 20 minutes. Very efficient, easy to understand and good coverage.”

Need high risk insurance? Give us a call today

High risk insurance Ontario - FAQ

How much is high risk insurance in Ontario?

It depends on the type of insurance you’re buying.

But in general, if you’re a high risk insurance client, expect to pay more. 

That’s because the more risk you carry, the more likely you are to make a claim – which costs insurance companies. 

So in return for taking on more risk, you pay a higher rate than average. 

Insurance rates can be hiked up based on several different factors. 

For example, here’s how much you can expect your rates to increase after making claims as a car insurance client:

  • Two accidents in three years: Expect an increase of around 40% (to note: it could be more)

As a high risk home or business insurance client, your rate can increase based on claims history, the structure of your building, the neighbourhood you live or operate in, and more. 

Looking for ways to save on your high risk insurance?

The best thing to do is to give your broker a call to advise you. 

We can help with that. 

Ready for a quote?

Call us.

How is high risk insurance calculated in Ontario?

High risk insurance is calculated using the same factors as any other type of insurance.

For example, here are a few of the common factors that determine home, car and business insurance rates:

  1. Home: Your neighbourhood, the property’s year of construction, and your credit history. 
  2. Car: Your driving, payment and claims history, age, gender, and the make and model of your car. 
  3. Business: Annual revenue, number of employees, and the industry that you’re in. 

So, how you score based on each of these factors (and more) will determine whether or not you’re considered “high risk.”

Ready for a quote?

Call us.

What’s the cheapest high risk insurance in Ontario?

We’ll be honest. High risk insurance and “cheap” don’t really go together. 

In fact, as a high risk client, you’ll typically pay much more than the average insurance client. 

That said, here are a few things you can do to lower your rate if you fall into the high risk insurance category:

  • Home: Renovate your home, install security systems, and choose a good neighbourhood.
  • Car: Drive a cheap car, build a good driving history, and install telematics on your smartphone. 
  • Business: Keep security systems up to date, and your claims low. 

Still have questions?

Need an insurance quote in Ontario?

Call us.

What is considered high risk insurance in Ontario?

If you’re more likely to submit a claim based on your insurance profile, then you will be considered high risk when buying insurance. 

For example, here are a few factors that can make someone “high risk” in the eyes of insurance companies:

  • A history of insurance claims 
  • If you operate in a high risk industry (restaurants, certain trades, etc.) 
  • Poor credit (this only applies to home & commercial insurance in Ontario)
  • If you drive a risky vehicle 
  • If you have a criminal record 
  • If you live in a high crime rate neighbourhood

Generally speaking, if you’re a high risk insurance client, you’ll pay more than average in every category (from home, to car, to business). 

Ready for a quote?

Call us.

What are the best high risk insurance companies in Ontario?

Not all insurance companies insure high risk clients. 

This is because, as a high risk client, you’re more likely to make an insurance claim (and cost the insurance company more money). 

So, some insurance companies stay away from high risk clients altogether. 

But if you’re looking for a high risk insurance company, the best thing to do is to shop around to see if they will insure you, and what rate and coverage they can offer. 

Once you’ve found the best price and coverage, you can start making a few changes to your insurance profile to get a lower rate. 

So basically, when looking for the best high risk insurance company for you, it comes down to which company will:

  1. Insure you
  2. Get you the right kind of coverage 
  3. Get you the best price 

Give your insurance broker a call to see what kind of high risk coverage you need, and how to lower your premium. 

Need high risk  insurance?

Call us.

How much is high risk insurance in Ontario?

It depends on the type of insurance you’re buying.

But in general, if you’re a high risk insurance client, expect to pay more. 

That’s because the more risk you carry, the more likely you are to make a claim – which costs insurance companies. 

So in return for taking on more risk, you pay a higher rate than average. 

Insurance rates can be hiked up based on several different factors. 

For example, here’s how much you can expect your rates to increase after making claims as a car insurance client:

  • Two accidents in three years: Expect an increase of around 40% (to note: it could be more)

As a high risk home or business insurance client, your rate can increase based on claims history, the structure of your building, the neighbourhood you live or operate in, and more. 

Looking for ways to save on your high risk insurance?

The best thing to do is to give your broker a call to advise you. 

We can help with that. 

Ready for a quote?

Call us.

What is considered high risk insurance in Ontario?

If you’re more likely to submit a claim based on your insurance profile, then you will be considered high risk when buying insurance. 

For example, here are a few factors that can make someone “high risk” in the eyes of insurance companies:

  • A history of insurance claims 
  • If you operate in a high risk industry (restaurants, certain trades, etc.) 
  • Poor credit (this only applies to home & commercial insurance in Ontario)
  • If you drive a risky vehicle 
  • If you have a criminal record 
  • If you live in a high crime rate neighbourhood

Generally speaking, if you’re a high risk insurance client, you’ll pay more than average in every category (from home, to car, to business). 

Ready for a quote?

Call us.

How is high risk insurance calculated in Ontario?

High risk insurance is calculated using the same factors as any other type of insurance.

For example, here are a few of the common factors that determine home, car and business insurance rates:

  1. Home: Your neighbourhood, the property’s year of construction, and your credit history. 
  2. Car: Your driving, payment and claims history, age, gender, and the make and model of your car. 
  3. Business: Annual revenue, number of employees, and the industry that you’re in. 

So, how you score based on each of these factors (and more) will determine whether or not you’re considered “high risk.”

Ready for a quote?

Call us.

What are the best high risk insurance companies in Ontario?

Not all insurance companies insure high risk clients. 

This is because, as a high risk client, you’re more likely to make an insurance claim (and cost the insurance company more money). 

So, some insurance companies stay away from high risk clients altogether. 

But if you’re looking for a high risk insurance company, the best thing to do is to shop around to see if they will insure you, and what rate and coverage they can offer. 

Once you’ve found the best price and coverage, you can start making a few changes to your insurance profile to get a lower rate. 

So basically, when looking for the best high risk insurance company for you, it comes down to which company will:

  1. Insure you
  2. Get you the right kind of coverage 
  3. Get you the best price 

Give your insurance broker a call to see what kind of high risk coverage you need, and how to lower your premium. 

Need high risk  insurance?

Call us.

What’s the cheapest high risk insurance in Ontario?

We’ll be honest. High risk insurance and “cheap” don’t really go together. 

In fact, as a high risk client, you’ll typically pay much more than the average insurance client. 

That said, here are a few things you can do to lower your rate if you fall into the high risk insurance category:

  • Home: Renovate your home, install security systems, and choose a good neighbourhood.
  • Car: Drive a cheap car, build a good driving history, and install telematics on your smartphone. 
  • Business: Keep security systems up to date, and your claims low. 

Still have questions?

Need an insurance quote in Ontario?

Call us.

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