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Richmond Hill Car Insurance Reference Guide

Looking for the best car insurance rates in Richmond Hill? You’ve come to the right place. At Kanetix.ca, we compare rates from more than 56 leading insurance companies—the most of anyone in the market—to help you to find the best possible car insurance at the lowest price, all in one place. This simplified process makes it easy for drivers in Richmond Hill to get lower rates. You wouldn’t buy a car without shopping around, so don’t buy car insurance without shopping around too! You could save $750 in just a few moments. Get a quote today!


Richmond Hill Car Insurance

Everyone know that car insurance is mandatory. However, what's not mandatory is overpaying for it, which is why it's essential to regularly shop around for the coverage you need. Shopping around is key to paying less for your Richmond Hill auto insurance because rates often change. The auto insurer who offered you the best Richmond Hill car insurance rate last year isn’t guaranteed to offer you the best rate this year. Check out the Kanetix.ca car insurance rate tracker to find out more about how frequently rates change, and why comparing rates is not a one time thing but an annual opportunity to pay less on auto insurance.


The framework for your Richmond Hill car insurance

Your Richmond Hill auto insurance policy, like all policies in Ontario, is made up of several mandatory coverages including:

Accident Benefits: As part of Ontario, Richmond Hill operates under a no-fault system. This means that no matter which driver is at fault in the collision, Accident Benefits coverage protects you if you are injured in an accident. There are numerous components to Accidents Benefits coverage that vary depending on the nature of the injury. This type of insurance covers various services such as physiotherapy and chiropractic services, to hiring someone to clean or upkeep your house. 

Third-Party Liability: This type of coverage covers damages accrued as a result of a legal claim pertaining to a collision that caused bodily harm, death, or damages to a third-party. 

Direct Compensation – Property Damage: This type of coverage, also known by its acronym DCDP, covers damages to your car including the stuff inside the vehicle when you’re involved in a collision where you are not-at-fault. Your insurance company will compensate you directly, hence the name, instead of having to wait for verdicts from other involved parties. It speeds up the process and prevents you from having to sue another driver for damages they’re responsible for. All involved drivers must have insurance in order to receive this coverage.

Uninsured Motorist Coverage: If you’re involved in a collision in which the other motorist does not have insurance, or if you or someone in your family is injured or killed by a hit-and-run driver, this type of coverage will help you. 


Optional Car Insurance Coverage for Richmond Hill Drivers 

Your Richmond Hill auto insurance policy, may also include optional coverages too. The most well-known types of optional coverage include: 

Collision: While DCDP will cover damages cause by another motorist, collisions coverage covers damages to your vehicle if you hit another vehicle or object, or if you're hit by another driver. 

Comprehensive: This covers damage to your car for non-collision events such as damage that may result from a theft or vandalism.

More than 195,000 people now live in Richmond Hill, according to the 2016 census. Back in the 1990s, Statistics Canada reported that Richmond Hill was the fastest-growing community in Canada. While growth has scaled back a bit, the town’s population continued to increase by 5 per cent between the 2016 census and the 2011 census, and 14 per cent in the period prior.

If you’ve lived in Richmond Hill for a while and have noticed your car insurance rates increase, part of this may be due to the increase in population. Areas that are more densely populated tend to have higher insurance rates due to the increased likelihood of a claim that comes with there being more vehicles on the road and higher risk of damage or theft, depending on the neighbourhood.

If you drive into the city or make a similar commute to work, you may see higher rates as well. Richmond Hill is the 28th most populated municipality in Canada and the motorists that reside in the area face the same driving conditions, challenges and frustrations that are encountered by neighbouring Toronto drivers each day. As part of the GTA, Richmond Hill drivers are often subjected to some of the highest auto insurance rates in the province. To see where Richmond Hill ranks in comparison to other parts of the province, check out our annual report on the Top 10 Most Expensive Cities for Car Insurance in Ontario.

If you’re reading this, you probably already know that comparing rates is one of the best ways to save money on your Richmond Hill car insurance. When combined with other tactics, it can seriously knock down your monthly insurance bill. Whether you’re renewing your Richmond Hill car insurance or applying to obtain insurance in this town for the first time, their car insurance rate will encompass a number of different factors.

Buying a new car is one of the most popular times for shopping around on your auto insurance rates. In fact, we’d argue that comparing rates before you buy is one of the best ways to ensure you’re saving money in the long-run as some vehicles cost more to insure than others. 

Yes, the type of vehicle you drive has a direct impact on your rates. Richmond Hill drivers that have completed quotes on Kanetix.ca seem to prefer these vehicles: 

  • Honda Civic 
  • Toyota Corolla 
  • Mazda3 
  • Honda Accord 
  • Hyundai Elantra 

Buying a new car? Run some quotes first to have a better understanding of what insurance might cost before you even spend a dime. Our services allows you to compare car insurance rates from multiple vehicles at the same time, so you know exactly what you’re getting yourself into. 

Check out these articles to find out which makes and models cost less to insure: 

Auto Insurance Tips for First Time Buyers

Top 10 Selling SUVs in Canada

Top 10 Cars in Canada

Top 10 Trucks in Canada

Car insurance companies scrutinize your driving record when determining auto insurance rates. Insurance premiums often depend on your past driving mistakes, which means any previous infractions, collisions, tickets or charges can work against you. 

A clean record is obviously best when it comes to saving on car insurance. According to Kanetix.ca data, about 60 per cent of Richmond Hill drivers have indicated that they’ve been in at least one accident at the time they completed an auto insurance quote. Significantly less (45%), reported getting tickets, with 46 percent of makes indicating at least one previous ticket and 42 per cent of females.

When it comes to Richmond Hill drivers that use snow tires to combat inclement driving conditions in the winter months, the vast majority (84%) indicate that they swap out their all-season tires for tires designed for the winter season. 

Ontario Drivers to Get Winter Tire Insurance Discount

In keeping with the safe driving theme, many insurance companies also provide car insurance discounts to drivers that are members of roadside assistance programs. Drivers in Richmond Hill seem to favour the idea, as 35 per cent indicate that they participate in a roadside assistance program.

More Tips for Saving on Richmond Hill Auto Insurance

Here are some other tips for saving on your Richmond Hill auto insurance:

  • Combine policies – Auto insurance firms realize that it is a good business practice to provide hefty discounts to customers who hold multiple policies. Car insurance customers in Richmond Hill have warmed up to the idea of using the same provider for different insurance needs. Home insurance is one of the most popular insurance policies bundled in getting the multi-line discount and more than half (57%) consider doing it. There are still other discounts to be explored when choosing your car insurance company. 

  • Take driver training – Astute insurance shoppers can find savings by completing an accredited driver’s training course approved by the Ministry of Transportation 
  • Increasing safety – Taking extra safety precautions such as installing additional security features, parking your car in a garage at night, and even purchasing a safer car to being with can have its benefits 

  • Alumni and members benefits – As with roadside assistant programs, alumna of various academic institutions and members of various groups may reap rewards in the form of insurance savings by mentioning this to their insurer 
  • Retirement – Time to retire? It’s also a good time to retire high premiums. Moving on to this stage of your life may reduce your rates, depending on your age and driving habits


Looking to save on Richmond Hill auto insurance? Time to shop around

You came, you read, you conquered. Now find out how much you can save by comparing rates. The most popular times to shop around are renewal time, when buying a new car, moving, changing jobs, getting married, or experiencing another life milestone. Compare quotes to secure lower Richmond Hill car insurance rates today.

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