Navigation Links Provides Tips to Understand the Top Factors That Affect Car Insurance Premiums

(PRWEB) June 19, 2013

Calculating insurance rates is a complex process that requires insurance companies to take into consideration multiple factors, statistics, and of course their own company policies. This process is a big part of the reason why rates differ from company to company, and why by shopping around for the cheapest car insurance in Ontario, drivers can often save, as car insurance can be a hefty expense for all drivers. wants to drivers to understand the top factors that determine their car insurance premiums. These tips will help drivers be prepared for the rates received and give drivers the ability to make the necessary changes to lower their rates.

The Car

The type of car driven has a major impact on insurance rates. Some cars have lower rates, while others cost more to insure due to factors such as the value of the car, how expensive it is to repair that car, and the statistics regarding accidents in that type of car. Among the most expensive cars to insure are high-value luxury vehicles, high-end SUVs, and powerful sports cars. Some of the most affordable cars to insure are smaller, economical vehicles and cars with the highest safety ratings and lowest rates of theft.

Driving Record

Most people know that having tickets and accidents on their record will cause insurance rates to go up. Having demerits is the quickest way to watch your rates go up. But that’s not the only factor related to your driving record that can impact rates. The length of your record matters as well. Drivers who have been on the road longer are more experienced and less likely to have an accident. New drivers are more likely to make mistakes and have an accident; that makes them more expensive to insure because of the risk they represent.


Home address and where and how a car is kept at home have an impact on your rates. Some postal codes have lower rates of theft and safer streets where accidents are less frequent. Others may have high rates of theft, vandalism, or dangerous driving conditions. Where the car is parked at night makes a difference in car insurance rates, as does the area in which the car is frequently driven.

Driving Habits

Whether drivers commute daily and how far they go on that commute is a deciding factor in how much is paid for car insurance. People with long daily commutes are on the road a lot more than those who remain at home all day, going out only to run errands. A car used for commuting, especially a long commute, will have a higher insurance rate than a car that is used for pleasure or infrequently.

Insurance History

The length and stability of the auto insurance record Ontario drivers have maintained will have an impact on rates. If a policy has been kept in force with no gaps in coverage for many years, this will likely help the driver qualify for a better rate. The longer drivers have an insurance policy in force without a claim the better the rate they can expect to see as well. A strong, clean insurance record is a good sign for low car insurance rates. Periods where drivers have been uninsured can hurt their rates.

Qualified Discounts

Ontario car insurance quotes offer a wide array of discounts today, and the more drivers qualify for the better their rate will come out. The multi-policy discount is one of the best discounts available; people with more than one vehicle or with a home, tenant, or other insurance policy in force at the same company will see a lower rate on each individual car insurance policy. Qualifying for discounts like good driver, good student, security system discounts and more will drop your rate faster than just about any other option.

About has compiled a list of driving schools in addition to other useful driving resources including G1 practice test, Class 7 Alberta test,Class 7 Practice Test for Saskatchewan and much more, which can help first time and experienced drivers learn how to drive in Canada in an efficient manner with a focus on exactly what you need to know to be a successful, licensed Canadian driver and stay safe on Canadian roads.

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Source: PRWeb
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