What is the minimum limit of automobile liability by law in Ontario?

The minimum limit of automobile liability by law in Ontario is indeed $200,000. This amount refers to the minimum coverage required for third-party liability insurance, which protects policyholders from financial loss if they are found at fault in an accident that causes bodily injury or property damage to others.

This legal requirement helps ensure that all drivers have a baseline level of protection, contributing to the overall safety and financial responsibility of road users in the province. Higher coverage limits are often recommended as they provide more extensive protection against potential claims exceeding the minimum limit. In practical terms, having only the minimum limit could leave a driver vulnerable in the event of a serious incident.