6/5/2023 0 Comments Quick quotes on car insurance![]() ![]() According to an Équité Association report from November 2022, Canada has become a source country for the export of stolen vehicles due to the increased use of sophisticated theft technology. ![]() Vehicle theft is becoming a major factor in the price we pay for auto insurance in Canada – so much that the auto insurance industry is looking for ways to improve theft prevention and vehicle security. ![]() Insurers see graduates as a lower-risk policyholder. While winter tires are only required in select provinces, it's always better to be safe than sorry – and the potential auto insurance savings are a plus.Īccredited driving courses will not only make you a better driver, but it can also lead to cheaper car insurance rates. If you haven't yet done so, opting-in for UBI (tracking your driving behaviour) can lead to big savings. This is because insurers like to see a commitment to the policy.Īt-fault collisions and driving convictions stay on your insurance record for years and make your rates go way up – if you drive safely over a long period, you’ll pay the lowest car insurance rates.Īccording to a Ratehub.ca survey, only 12% of Canadians have tried usage-based insurance. Paying your full premium up-front tends to be less money in the long run, compared to making multiple, monthly payments. So make sure you understand the coverage you need when shopping around for car insurance. ![]() Regardless of the rules in your province, not having the right auto insurance policy in place will leave you financially vulnerable if you're ever involved in an incident. The other system is a tort-based system – many consider this to be inefficient as you'll need to deal with the at-fault driver's insurer to seek compensation. Several provinces have shifted towards a no-fault insurance system in which you only deal with your own insurance company when seeking financial compensation for a collision you were involved in (regardless of fault). In fact, in every province, you can customize your policy's coverages and amounts to further suit your personal needs.Īnother thing to understand about auto insurance in Canada is the differences between the accident claim systems. There, you buy injury coverage from the government and property damage from a private insurer.Įven though each province set's a minimum standard for coverage, most people purchase a more comprehensive insurance policy. Quebec, on the other hand, is a hybrid system that offers the cheapest car insurance rates. Alberta, Ontario, and Atlantic Canada have private insurance companies vying for your business which is why comparing car insurance quotes online is an effective strategy for uncovering lower rates. And who knows? It might just be the most cost-effective decision you make all year.Even though auto insurance is legally mandated Canada-wide, the coverage requirements for a standard car insurance policy vary provincially (and it heavily depends on whether the province runs on a public or private insurance system).īritish Columbia, Saskatchewan, and Manitoba are public insurance markets where you buy auto insurance from the government (with the option of purchasing supplemental coverage from private insurers). The process is fast, user-friendly, and efficient. So, what are you waiting for? Give it a whirl and discover what GMIB.ie can do for you. Think of all the time you’ll save! Whether you’re a first-time driver or an experienced motorist who has been around the block a few times, our Quick Quote generator could be the first step towards finding a cheaper premium. Simply provide us with some basic information about you and your car and you’ll have your quote in 60 seconds. You’ll have your quick car insurance quote in just 60 seconds Get a Quick Quote or give us a call today to find out more. We won’t try to direct you towards one insurer over another our only goal is to find the cheapest, most suitable policy for you. And that’s one of the things that sets us apart. Where does one even start? Fortunately, we’re here to help! We have strong ties to all of the top providers and this allows us to scan the entire market and single out the perfect policy to suit your specific requirements, at the most competitive price available. The key to finding the ideal insurance policy at a price that’s right for you is searching the whole market, but naturally that can be quite daunting for any individual. Get car insurance quotes at competitive prices! ![]()
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