With any sort of auto insurance, the premium will be a concern, of course. There’s no way around it really, the premium is in effect the price of the car insurance Ontario policy. But it isn’t by any means (not even by a long margin) any thing close to being an actual representation of the total economic costs, the direct total economic costs of the policy. Think about this for a minute. You get into an accident, and you compare the results of what are to happen next in two situations. In one situation, you’ve opted for the cheapest possible policy that an insurance company had to offer. What happens? You’ll likely end up having to foot the bulk of the bill of the costs for these things that happened because of the accident. And what would happen if you’ve gone with a more premier product and policy? What do you think would transpire in the other situation?