Ontario Auto Exam (RIBO) Questions and Answers
Latest Update 2025
1: What does RIBO stand for? - correct answer - Registered Insurance
Brokers of Ontario.
2: What is the primary purpose of auto insurance in Ontario? - correct
answer -
To provide financial protection against physical damage and bodily injury
resulting from traffic collisions and against liability that could also arise
from incidents in a vehicle.
3: What is the minimum required auto insurance coverage in Ontario? -
correct answer -
Third-party liability, accident benefits, direct compensation-property
damage (DCPD), and uninsured automobile coverage.
4: What is third-party liability insurance? - correct answer -
It covers the cost of claims made against you if you injure someone or
damage someone? - correct answer -s property in a car accident.
5: What are accident benefits? - correct answer -
, These are benefits that provide compensation for medical expenses,
rehabilitation, attendant care, income replacement, and other expenses if
you are injured in a car accident, regardless of who is at fault.
6: What is Direct Compensation-Property Damage (DCPD)? - correct answer
-
DCPD covers damage to your vehicle and its contents when another driver is
at fault, without you having to go through their insurance.
7: What is uninsured automobile coverage? - correct answer -
It protects you if you are injured or killed by an uninsured driver or by a
hit-and-run driver.
8: What is the standard deductible for collision coverage in Ontario? -
correct answer - The standard deductible for collision coverage is typically
$500.
9: What is comprehensive coverage? - correct answer -
Comprehensive coverage insures against damages to your vehicle not caused
by a collision, such as theft, fire, or vandalism.
10: What factors can affect your auto insurance premium? - correct answer -
Latest Update 2025
1: What does RIBO stand for? - correct answer - Registered Insurance
Brokers of Ontario.
2: What is the primary purpose of auto insurance in Ontario? - correct
answer -
To provide financial protection against physical damage and bodily injury
resulting from traffic collisions and against liability that could also arise
from incidents in a vehicle.
3: What is the minimum required auto insurance coverage in Ontario? -
correct answer -
Third-party liability, accident benefits, direct compensation-property
damage (DCPD), and uninsured automobile coverage.
4: What is third-party liability insurance? - correct answer -
It covers the cost of claims made against you if you injure someone or
damage someone? - correct answer -s property in a car accident.
5: What are accident benefits? - correct answer -
, These are benefits that provide compensation for medical expenses,
rehabilitation, attendant care, income replacement, and other expenses if
you are injured in a car accident, regardless of who is at fault.
6: What is Direct Compensation-Property Damage (DCPD)? - correct answer
-
DCPD covers damage to your vehicle and its contents when another driver is
at fault, without you having to go through their insurance.
7: What is uninsured automobile coverage? - correct answer -
It protects you if you are injured or killed by an uninsured driver or by a
hit-and-run driver.
8: What is the standard deductible for collision coverage in Ontario? -
correct answer - The standard deductible for collision coverage is typically
$500.
9: What is comprehensive coverage? - correct answer -
Comprehensive coverage insures against damages to your vehicle not caused
by a collision, such as theft, fire, or vandalism.
10: What factors can affect your auto insurance premium? - correct answer -
