Car Insurance For Canadian Drivers
The key to getting
lower car insurance premiums is to shop around yourself. Brokers will
always assist you, but are you really getting the best car insurance
for the best price ? Rates do vary significantly. Vehicle insurance
premiums do fluctuate due to the fact insurance companies assess risk
Insurance Premiums Are Based On Many Criteria
considered are such things as
your place of
residence, the type of vehicle you drive, type of usage, how long you
have been licensed and most importantly your driving record. These
variable are appraised to determine a risk profile. As a result
premiums can vary significantly from one company to the next for the
indentical vehicle and operator with the same level of coverage.
Internet has become an excellent resource to insure you are getting the
best possible car insurance rate possible. At any given time you can
request quotes from various different car insurance providers with a
simple click of a button and completing a quick questionnaire to
determine your insurance needs.
To Consider Shopping For Vehicle Insurance
Keep your driving record
clean, avoid all traffic accidents and violations. Accidents and
convictions stay on your driving record for many years. This is the
number one thing insurance companies use to determine your risk as an
Review your current vehicle
insurance policy, if you drive an older model, you may wish to consider
removing collision and comprehensive coverages which will reveal
Consider increasing your
deductible. Higher deductibles translate to lower premiums. Increasing
your deductible can be an effective way to lower your rate. It is
important to understand should you need to file a claim, you must be
comfortable paying the higher out-of-pocket cost for the increased
The type of vehicle you drive
is an important factor when insurance companies determine your
premium.New vehicles cost more to insure as the cost of repair is far
greater than older vehicles, exotic vehicles or sports cars are more
expensive to insure than family multi passenger vehicles. Insurance
companies analyse statistics on theft, safety ratings, and claims
history of every make and model when establishing their rates.
Loyalty benefit can cost you
more. Some insurance companies may offer discounts if you’ve
with them for a long time. There may be benefits to not switch
insurance companies frequently. But a loyalty discount can also give
you a false sense of security that may distract you from finding a more
cost effective premium. Often the savings associated with a new
provider can outweigh any loyalty discount.
New drivers training courses
and certification can provide additional. New drivers should take an
accredited driver training course. It not only prepares you to become a
better driver, but usually qualifies you for a significant discount
with many insurance companies.
If you are a multi vehicle
family make sure all your vehicles are on the same policy. Multi
vehicle discount are very common with insurance companies. These
discounts would apply to customers who insure more than one vehicle on
the same policy. This can result in savings off both vehicles.
Insure your home and all
vehicles with the same company. Doing this may qualify you with a
Multi-line discount. These discounts are a great way to receive
additional savings on your automobile insurance as well as your
property and home insurance.
Many insurance companies
offer discounts for vehicle equipped with an anti-theft device.
Insurance companies acknowledge your vehicle is less likely to be
stolen if you have an anti-theft device installed.