What is the minimum level of third-party liability insurance required in Ontario?

In Ontario, the minimum level of third-party liability insurance required is indeed $200,000. This coverage is essential because it protects drivers financially in the event that they are responsible for causing injuries or damages to other people or their property in an accident. The amount signifies the minimum insurance coverage that must be maintained, ensuring that individuals have a baseline of protection in place to handle potential legal actions or claims resulting from incidents on the road.

While having $200,000 in coverage is the legal requirement, many drivers choose to purchase higher limits to provide additional security and peace of mind. Given the increasing costs associated with medical care and property damage, exceeding the minimum coverage may be a prudent choice for responsible drivers.