Ssag Calculator Ontario

SSAG (Statutory Accident Benefits) is a no-fault insurance program in Ontario that provides financial support to accident victims. This calculator helps you estimate your SSAG premiums based on your coverage needs and driving record.

What is SSAG?

SSAG stands for Statutory Accident Benefits, which is Ontario's no-fault insurance program. It provides financial support to accident victims regardless of who was at fault in the accident. The program covers medical expenses, lost wages, and other related costs.

SSAG is mandatory for all drivers in Ontario. The premiums are based on your vehicle's value and your driving record. You can choose to increase your coverage for higher benefits.

Key Features of SSAG

No-fault system - benefits are paid regardless of fault
Covers medical expenses up to $250,000
Provides wage replacement benefits
Offers funeral benefits for deceased accident victims
Includes rehabilitation benefits for injured individuals

How to Calculate SSAG

The SSAG premium is calculated based on several factors including your vehicle's value, coverage level, and driving record. The basic formula is:

SSAG Premium = (Vehicle Value × Coverage Percentage) + (Vehicle Value × Driving Record Factor)

Where:

Vehicle Value - The assessed value of your vehicle
Coverage Percentage - The percentage of coverage you choose (typically 50%, 75%, or 100%)
Driving Record Factor - A multiplier based on your accident history (1.0 for clean record, higher for accidents)

Example Calculation

Let's say you have a vehicle valued at $30,000, you choose 75% coverage, and you have a clean driving record:

SSAG Premium = ($30,000 × 0.75) + ($30,000 × 1.0) = $22,500 + $30,000 = $52,500

This is a simplified example. Actual premiums may vary based on additional factors and insurance company calculations.

SSAG Rates in Ontario

SSAG rates in Ontario are determined by the Insurance Bureau of Canada and vary based on several factors including:

Vehicle make and model
Vehicle age
Vehicle value
Coverage level
Driving record
Location

Rates are typically higher for luxury vehicles, newer cars, and those with poor driving records. The minimum coverage required by law is 50% of the vehicle's value.

Common SSAG Coverage Levels

Coverage Level	Description	Typical Premium Increase
50%	Minimum required by law	Base rate
75%	Higher coverage for more benefits	1.5× base rate
100%	Maximum coverage available	2× base rate

FAQ

Is SSAG mandatory in Ontario?

Yes, SSAG is mandatory for all drivers in Ontario. It's a no-fault insurance program that provides financial support to accident victims.

How do I choose my SSAG coverage level?

You can choose between 50%, 75%, or 100% coverage. Higher coverage levels provide more benefits but result in higher premiums. The minimum required by law is 50%.

How are SSAG premiums calculated?

SSAG premiums are based on your vehicle's value, coverage level, and driving record. The exact calculation varies by insurance company but generally follows the formula: (Vehicle Value × Coverage Percentage) + (Vehicle Value × Driving Record Factor).

Can I get a discount on my SSAG premium?

Yes, you may qualify for discounts if you have a clean driving record, complete a defensive driving course, or have certain safety features on your vehicle. Some insurance companies also offer multi-policy discounts.

What happens if I don't have SSAG coverage?

If you don't have SSAG coverage, you could be held financially responsible for medical expenses and lost wages if you're involved in an accident. It's illegal to drive without proper insurance in Ontario.