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.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Provides the Top 10 Things Drivers Need to Consider Before Reporting a Car Accident
2. Provides Tips on Handling a Vehicle Write-Off
3. Driving Safety Tips for the Long Weekend from
4. Launches Website and Provides link to new Canadian Marijuana for Medical Purposes Regulation
5. Coast Dental Hygienist Provides Dental Care at Event Far from Home
6. FDA Review Article Provides New Insights into Cancer Immunotherapy Product Development; Beneficial to all Involved in Cancer Treatment
7. Metabolic PET imaging provides earlier warning of coronary disease
8. – New Website Provides Online Gluten-Free Program for People with Celiac Disease and Gluten Sensitivity
9. Market Authority to Release White Paper That Provides Key Strategies for Large Directional Media/Print Companies
10. Kitchens To Go Provides Disaster Relief Again by Helping Manhattan, NY Teaching Hospital Reopen After Hurricane Sandy
11. Not really bath salts -- paper provides update on designer stimulants
Post Your Comments:
(Date:6/27/2016)... ... June 27, 2016 , ... ... industry today announced its strategic partnership with Connance, a healthcare industry leader ... two companies’ proven, proprietary technology combine to provide health systems, hospitals and ...
(Date:6/26/2016)... ... ... On June 10-11, 2016, A Forever Recovery, a holistic treatment center for ... Table in Battle Creek, MI, where the rehabilitation facility is located. This annual celebration ... world’s leading providers of cereal and other breakfast foods. Its residents often refer to ...
(Date:6/26/2016)... ... June 26, 2016 , ... ... they have been diagnosed with endometriosis. These women need a treatment plan to ... a comprehensive approach that can help for preservation of fertility and ultimately achieving ...
(Date:6/25/2016)... ... June 25, 2016 , ... "With 30 hand-drawn hand gesture ... said Christina Austin - CEO of Pixel Film Studios. , ProHand Cartoon’s package ... Final Cut Pro X . Simply select a ProHand generator and drag it ...
(Date:6/25/2016)... ... , ... On Friday, June 10, Van Mitchell, Secretary of the Maryland Department ... in recognition of their exemplary accomplishments in worksite health promotion. , The Wellness at ... Wellness Symposium at the BWI Marriott in Linthicum Heights. iHire was one of 42 ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... Calif. , June 23, 2016 ... CST on Thursday, July 7, 2016 , , , , ... ) , , , , EXPERT PANELISTS:  , , ... Naik; Senior Industry Analyst, Christi Bird; Senior Industry Analyst, Divyaa Ravishankar ... The global pharmaceutical industry is witnessing an exceptional ...
(Date:6/23/2016)... , June 23, 2016 ... Oticon , industry leaders in advanced ... launch of Oticon Opn ™, the world,s first ... of possibilities for IoT devices.      (Photo: ... Oticon introduces a number of ,world firsts,: ...
(Date:6/23/2016)... 2016 Research and Markets has ... Global Analysis (United States, China, Japan, Brazil, United Kingdom, ... their offering. Surgical ... business planners, provides surgical procedure volume data in a ... an in-depth analysis of growth drivers and inhibitors, including ...
Breaking Medicine Technology: