All About Car Insurance in Etobicoke
Find the lowest Etobicoke car insurance; compare auto insurance rates in minutes and enjoy the savings.
Are you paying too much for car insurance in Etobicoke? At Kanetix.ca
, we know how to find you the best rate without sacrificing any of the coverage you require. We have the industry knowledge and the best rate comparison tool to shop for the lowest premiums from the most insurance providers in one place.
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Etobicoke auto insurance
The key to saving on your auto insurance is to shop around, because rates often change. The company who gave you the best rate last time you got auto insurance may not be the company who will give you the best rate this year. How often do rates change? The Financial Services Commission of Ontario (FSCO) reviews and approves the latest rate changes on a quarterly basis, so it can be as much as every three months. Keep track of your auto insurance and sign up to the Kanetix.ca Car Insurance Rate Tracker
Etobicoke car insurance policy 101
Your car insurance policy is made up of a variety of coverages, some mandatory and some optional. The following are some of the mandatory coverages:
- Accident Benefits: Accident Benefits are benefits you receive if you are injured in a collision, regardless of who was at fault.
- Third Party Liability: Third Party Liability coverage pays for a legal claim for a collision that causes injury or damage to a third party. The minimum limit requirement is $200,000 although most drivers go with at least $1 million.
- Direct Compensation - Property Damage (DCPD): This provides coverage for damage to your car and any property inside the car as a result of a collision in which you are not to blame.
- Uninsured Motorist Coverage: This portion of your policy provides protection if you are in an accident and injured or killed by an uninsured driver or a hit-and-run driver.
As of June, 2016 there are changes to your standard Accident Benefits coverage. Learn more about what's different and read, "Ontario Car Insurance Is Changing. What You Need to Know
There are optional coverages as well. The following are two of the most common:
- Collision: This covers damage to your vehicle as a result of an impact or collision with another vehicle or object.
- Comprehensive: This insures your car against damage caused by events like theft and vandalism.
Both of these optional coverages typically come with a deductible. A deductible is the portion of an insurance claim you agree to pay. Your deductibles will factor into how your auto insurance rates are calculated. Generally, the higher the deductible you choose the lower your car insurance premium.
What goes into your Etobicoke auto insurance rate?
More than 350,000 people live in Etobicoke and as you already know a significant amount drive every day. In Etobicoke, the average age of drivers shopping for car insurance at Kanetix.ca is 40 and male drivers (70%) outnumber females (30%) heavily.
When drivers seek out new auto insurance coverage or decide to renew existing policies, your car insurance rate depends on several different factors. Where you live in Etobicoke, your commute, the type of car you drive, and your driving history are just some of the important pieces of information that insurance providers use to determine the rates you pay.
Where you live in Etobicoke
Etobicoke is bordered to the south by Lake Ontario, by the Humber River to the east, by Mississauga to the west and by the city of Vaughan to the north. Regardless of where your postal code is in that configuration, you will face challenging driving conditions-in terms of traffic, collisions and even the potential of theft. As a result, the location of your residence will figure into the mix when your insurance rates are calculated.
Thousands of commuters travel to work each day and this will have an impact on the cost of your car insurance. However, those who work near their homes or take public transit may enjoy a reduction in car insurance costs compared to those who drive to their place of employment on a daily basis.
The car you drive in Etobicoke
The vehicle model and year, as many realize, are used to determine your auto insurance rates. Car insurance premiums are generated with this information in mind as there is a considerable difference between theft rates, repair costs and safety ratings among different vehicle types.
In Etobicoke, the Honda Civic is the most popular car for drivers shopping for auto insurance. The Toyota Corolla is the second followed by the Mazda3. The Honda Accord and Toyota Camry occupy the fourth and fifth place in terms of popularity among drivers comparing quotes at Kanetix.ca.
Your driving history
When determining car insurance rates, auto insurance companies look carefully at your driving history. Your past driving behaviour will be considered as your rates are determined. All accidents, infractions, tickets or charges that are accumulated will be reviewed. For those with impeccable driving performance, you will be relieved to know that this works very well in your favour.
In Etobicoke, more than half of all drivers have had at least one car accident, as reported while obtaining their auto insurance quotes through Kanetix.ca. In fact, 60 per cent have reported at least one incident in the last 10 years. Significantly less, (38%), report that they have received at least one ticket. Male drivers (42%) indicated they had at least one ticket, which is considerably higher compared to the group of female drivers at 29 per cent.
Car insurance discounts can help you save
The majority of Kanetix.ca customers in Etobicoke (84%) use winter tires to help them with the challenges associated with winter driving conditions. Etobicoke drivers, like many others throughout Ontario, are taking advantage of the discount being offered by car insurance companies in the province to motorists who buy and install four winter tires in November and keep them on until April. Since the measure was introduced by the provincial government on January 1, 2016, thousands of drivers have saved up to 5 per cent on auto insurance rates by installing snow tires.
If you use some form of roadside assistance program, you should make sure your insurance company knows about it. There might be a discount in it for you. In Etobicoke, 35 per cent of car insurance shoppers specify that they use roadside assistance programs, showing that safety is a big concern for motorists in the community.
What other car insurance discounts are out there that you might benefit from?
Car insurance companies are constantly trying to attract more business; and if you hold multiple policies (like your property insurance) with the same provider you'll likely qualify for a discount for bundling.
Etobicoke drivers like the idea, too. More than half (54%) expect to enrol in multi-line discount plan.
Shopping around and comparing rates to get the best prices is the way to go. Asking for appropriate discounts when selecting your car insurance company is a smart move. You will find that taking driver training courses, installing better safety and security features on your car, or just being retired may qualify you for a break in car insurance costs.
Shop around to see if you an save on your auto insurance
The best way to make sure you're getting the best car insurance rate out there is to shop around. Compare what your provider charges you to the market. Compare your Richmond Hill rates at renewal, or when lifestyle changes affect your coverage like when you get married, move, or buy a new car. Compare quotes for a lower auto insurance rate
*60% of Kanetix customers in Ontario who participated in the survey said Kanetix
helped them identify an average savings amount of $776.58 (December 1, 2015 - February 29, 2016) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca
and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.
How to save with Kanetix