Your Guide to Halifax Car InsuranceGet the lowest auto insurance rate in Halifax. Select from the lowest car insurance rates quickly and easily to get best discounts available.
Are you searching for the best rate for car insurance in Halifax? At Kanetix.ca
, we help find the lowest auto insurance rate without any compromise to your coverage. With the most extensive knowledge about the insurance business in Canada, we deliver the lowest rates possible from the most insurance providers, all in one place.
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Car insurance in Halifax
To legally drive a vehicle in Halifax, car insurance is mandatory. Car insurance can be pricy, but luckily you can control how much you spend on your auto insurance by shopping around and comparing quotes. Make sure you're getting the lowest insurance rate you can with Kanetix.ca.
The basics of your car insurance policy
Your car insurance policy is made up of some mandatory coverages, as well as a few optional coverages. The mandatory coverages include the following:
- Third Party Liability: Third-party liability insurance covers you if you injure someone or damage someone else's property with your auto and they sue you. You must have at least $500,000 of liability coverage. Most Nova Scotians carry at least $1,000,000.
- Accident benefits:Accident benefits include medical and rehabilitation expense benefits, funeral expense benefits, and loss of income benefits for yourself and other passengers in the event of an accident.
- Uninsured and Unidentified Insurance: This section of your policy covers you if you are involved in an accident with an uninsured or unidentified automobile.
There are optional coverages also available that can be added to your car insurance policy. The two most common optional coverages added are:
- Collision or Upset Coverage: This covers damage to your vehicle as a result of an impact or collision with another vehicle or object.
- Comprehensive Insurance: This insures your car against damage caused by non-collision scenarios like theft and vandalism.
What goes into your Halifax auto insurance rate?
Halifax is the capital of Nova Scotia and is the largest city east of Quebec City in Canada. Presently, more than 418,000 reside there.
With successful economic measures and proposals being tabled by government officials, the population is expected to cross 550,000 in several years. With an increasing population, you'd expect more drivers to come on board.
As it stands now, the average age of Halifax drivers searching for insurance quotes on Kanetix.ca is 30. This is considerably younger than other large cities and metropolitan centres across Canada. However, the fact that males outnumber female drivers by a 65% to 35% margin is in line with most other Canadian cities.
Those in need of new insurance policies or renewing existing ones will have several factors to contend with as they seek out the best rates available.
Resident drivers will discover that where you live in Halifax, your commute, the car you drive, and your driving record will all play a role when it comes to calculating your auto insurance costs.
Where you live in Halifax
As you likely know, the weather in Halifax is largely influenced by the ocean. Drivers in Halifax must contend with fog on 100 or more days each year on average, especially in the spring and early summer. Motorists face other risks and driving challenges as well that may be influenced by where they live. For example, downtown residents often face busier traffic conditions than those living in rural or suburban areas.
Those driving in rush hour traffic or busy streets to get to work each day should expect to face slightly higher insurance charges than those who use public transportation. The closer you live to work, the lower your insurance costs will be. The longer your commute to work, the higher your premium.
The car you drive
As you know, the vehicle model you drive is directly tied to the cost of insurance you pay. There are many drivers who actually select specific cars knowing that insurance premiums are reliant on this information.
There is a large volume of data compiled that display safety ratings, repair costs and even likelihood of theft among thousands of vehicles on the road today. Insurance providers and agents refer to these records and files carefully before determining what to charge.
When filling in information while shopping for the lowest rates, Halifax drivers list the Honda Civic as the most popular car followed by the Toyota Corolla. In third place is the Hyundai Elantra followed by the Mazda3. Another Hyundai model, the Accent, occupies fifth place.
Your driving history
It should be of no surprise that your driving record is of paramount importance to car insurance companies when determining insurance premiums. Accidents, infractions, tickets or charges will all count against you when the insurance rate is being calculated. Those with clean driving records, as you might expect, will end up saving the most on insurance costs.
Less than half (45%) of Halifax drivers have had at least one car accident, as reported while obtaining their auto insurance quotes. Slightly less (43%), have reported getting at least one ticket. However, there is a considerable difference between male drivers (45%) and female drivers (39%) in terms of obtaining at least one ticket.
Kanetix.ca customers in Moncton (94%) will err on the side of caution and install snow tires to meet winter driving conditions head on. That shows good judgment on the part of motorists there given that the average yearly snowfall is 111 inches (282 cm).
Insurance companies sometimes offer a slight discount in rates for customers who use roadside assistance programs. If this is the case, 27% of Moncton drivers would be able to capitalize on it based on shopping rate data from Kanetix.ca.
Check for other discounts
Is there are benefit to those who hold multiple policies with the same insurance provider? There absolutely is. Hefty discounts are usually provided to those who use the same insurance company for automotive and residential policies. Auto insurance firms see this as a good business practice and it encourages customers to remain loyal in many cases.
In Halifax, 57 per cent of insurance shoppers are in favour of multi-line discounts and would be willing to take advantage of it from their auto insurance company.
Customers should be aware that are other discounts available from their insurance provider and they should not hesitate to get further information. For example, you can save money if you have completed a driver training course. Installing additional safety and security features on your vehicle, getting good grades in school or even being retired are established ways of saving on insurance costs.
Shopping around can save you money
Compare rates regularly to ensure you're getting the best price for your car insurance coverage. Compare rates annually at renewal, but also if your situation changes like when you get married (or divorced), move, buy a new car, add drivers to your policy (like your teen), get a ticket, are involved in a collision, change jobs or retire. These are all ideal times when you should shop around to see if a cheap car insurance
can be had.
How to save with Kanetix