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Why January Is the Best Time to Review Your Insurance in Ontario
- Curtis Armstrong
- Jan 9
- 2 min read
The start of a new year brings fresh goals, financial planning, and important decisions. For many Ontarians, January is when budgets are reset, routines change, and priorities become clearer.
It is also one of the most overlooked opportunities to review insurance coverage. Many people allow their policies to renew automatically without checking whether their coverage still fits their lifestyle, assets, or risks.
January is the best time to change that.
1. Your Life Likely Changed Last Year
Even if nothing felt dramatic, small changes add up. Over the past year, you may have:
Changed jobs or work schedules
Started working remotely or hybrid
Purchased or sold a vehicle
Renovated your home
Started a side business
Added a new driver to your household
Adjusted how often you drive
Each of these changes can affect your insurance needs and your premiums. If your policy has not been reviewed recently, it may be based on outdated information.
2. January Helps You Avoid Automatic Renewals
Many insurance policies renew early in the year. Without a review, you may continue paying for:
Coverage limits that are higher than necessary
Add-ons you no longer use
Mileage estimates that no longer reflect your driving habits
Property coverage that does not match recent renovations
Reviewing your policy in January gives you time to make informed adjustments before renewal deadlines arrive.
3. A Review Can Uncover Real Savings.
An insurance review is not only about protection. It is also about cost efficiency.
A January review can help you:
Identify unused or redundant coverage
Apply new discounts
Bundle policies more effectively
Adjust deductibles appropriately
Update risk details for more accurate pricing
Many Ontario clients are surprised by how much they can save simply by keeping their information current.
4. Winter Risks Make Early-Year Reviews Even More Important
January is also a reminder of real seasonal risks in Ontario. Winter weather increases the likelihood of:
Auto collisions
Frozen pipes
Roof damage
Power outages
Business interruptions
A review ensures your home, auto, or business insurance accounts for these risks and that you are not caught off guard during peak winter months.
5. How Al Dorman Insurance Supports You in January
At Al Dorman Insurance, we treat annual reviews as a proactive planning tool, not a sales call.
Our January review process includes:
Reviewing your current policies
Discussing any life or business changes from the past year
Identifying gaps or overlaps
Comparing options across insurers
Adjusting coverage to align with your goals for the year ahead
The result is confidence, clarity, and coverage that actually fits your life today.
January sets the tone for the entire year. Reviewing your insurance early helps ensure you are protected, prepared, and not paying for coverage that no longer makes sense.
Before the year gets busy, ask yourself:
“If something happened today, would my insurance still reflect my life as it is now?”
If you are unsure, a review can give you peace of mind for the months ahead.
External Resource
For additional guidance on understanding insurance coverage and making informed decisions, visit: Financial Consumer Agency of Canada – Understanding Insurance https://www.canada.ca/en/financial-consumer-agency/services/insurance.html
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