When it comes to car insurance, it’s extremely rare that a driver will be slapped with the “uninsurable” label. Still, there are some key factors an insurance company is going to look at when determining if you’re eligible for coverage. Your driving record plays a big role in your insurance qualification. Good behaviour behind the wheel is your best battleplan to avoid being deemed uninsurable. If you have fines, arrests and convictions on your record, that might be a signal to an insurer that you are a big risk. Serious crimes, like impaired driving, can hurt your ability to renew your current insurance policy. By being a responsible driver, you’re not just being considerate, you’re also doing the right thing for your insurance.
Car accidents are a flashing red light for insurance companies. And not the good kind. Having an accident or two on your record is forgivable. Repeated accidents that become routine, though, are what raises eyebrows. Simply put, your history is your credibility. And insurance companies use your past to determine where you fall on the spectrum of risk. If they see a pattern of accidents in your history, they’ll see it as a forecast of things to come.
Some things are out of your control. Sometimes you get unlucky with certain situations that result in damage to your vehicle that will not be covered. It’s important to remain informed on what your policy will and won't cover‑speak to one of our Advisors for more information or questions about your insurance needs.
As for your vehicle itself, there are some losses that will be chalked up as uninsurable. Events that are highly likely to occur, like flat tires, regular wear and tear and mechanical breakdowns, fall under this umbrella and won’t be covered by most insurance plans.