A Tutorial on St. Catharines Car Insurance
Get the best auto insurance rate in St. Catharines and save an average of $750*. Compare car insurance rates quickly and easily.
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St. Catharines Car Insurance
You're required to have car insurance to drive; but what's not required is spending more on it than you should which is why shopping around for your coverage on a regular basis is a wise money decision. Comparing quotes and shopping around for the best price is a must, because rates often change and the company who gave you the best rate last time around may no longer offer you the best price now.
- The Financial Services Commission of Ontario (FSCO) reviews and approves the latest car insurance rate changes on a quarterly basis so rates can change a lot in the span of a year. Keep track of how auto insurance rates change by subscribing to the Kanetix.ca Car Insurance Rate Tracker.
What's in a 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 things like:
- Accident Benefits: Accident Benefits covers the people in a vehicle in the event of injury. Coverage can include medical and rehabilitation costs, funeral expenses, death benefits, as well as income replacement. As of June, 2016 there are some changes to your Accident Benefits that you'll want to read up on: Ontario Car Insurance Is Changing. What You Need to Know
- Third Party Liability: Third Party Liability coverage pays for a legal claim against the policyholder in the event that they are responsible (whether wholly or partially) 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: Commonly referred to as DCPD, this provides coverage for damage to your car and any property inside the car as a result of an automobile accident in which you are not-at-fault.
- Uninsured Motorist Coverage: This component of the standard Ontario auto insurance policy provides coverage for you and your family if you are in an accident and injured or killed by hit-and-run driver or by a driver who is not insured.
Optional coverages on the other hand can include things like:
- 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 which, depending on what you select as your deductible, will factor into how your auto insurance rates are calculated. For example, generally the higher the deductible you choose the lower your car insurance rate
What goes into your St. Catharines car insurance rate?
St. Catharines is known as ``The Garden City`` since close to 1,000 acres of parks, gardens and trails can be found here. Also, the city`s population now exceeds 130,000, which represents about one third of all residents in the Niagara region.
When it comes time to shop for new car insurance or to simply renew policies already set up, drivers in The Garden City should be aware that insurance providers will look at several different criteria before issuing the insurance rate.
Not surprisingly, common elements to be reviewed include the following: where you reside in St. Catharines, your commute, the model of car you drive, and your driving record.
Where you live in St. Catharines
In calculating the cost of auto insurance for drivers in the city, insurance brokers and agents have a standard checklist to follow. They also draw upon statistics and other historical information to figure out what roads, intersections and neighborhoods pose the greatest risk of accidents and collisions. Therefore, where you reside may have an impact on the cost of your insurance.
It is well-known that insurance providers take a favourable view (in terms of cost allocation) to existing and potential customers who work close to home as opposed to those with lengthier commutes. Customers who choose to use public transportation to get to work will also have a cost benefit while those driving greater distances should expect to pay more in premiums.
The car you drive in St. Catharines
The vehicle you purchase, lease or currently own has a significant impact on the cost of insurance you pay. While researching choice of vehicles, drivers often discover that car insurance companies have access to a great deal of information about different car models that they incorporate when it comes time to setting rates. Some car models are more likely to be stolen while others may rank higher in safety. Also, some vehicles are more expensive to repair and the cost of replacement parts can vary considerably between different models.
Shoppers at Kanetix.ca from St. Catharines list the Honda Civic as the most popular car. The Mazda3 was the second most listed, followed by the Hyundai Elantra, the Chevrolet Cruze and the Ford Focus.
Your driving and insurance history
Driving history and auto insurance rates are inseparable. A person`s past driving behaviour is used to predict what may happen in the future and insurance companies will carefully track any accidents, tickets or infractions that show up on your record. Thankfully, good driving behaviour and safe handling of your vehicle on the roads will be rewarded by cost savings when insurance premiums are generated.
According to information presented while looking for low insurance quotes, 51 per cent of drivers in St. Catharines indicate they have had at least one car accident. Slightly more (54%) report they have had just one ticket. When you examine the differences by gender, they are reasonably close, with 56 per cent of males and 50 per cent of females reporting being guilty of one ticket.
Additional benefits of driving safely
Most motorists realize that using snow tires to help you drive in nasty winter conditions is a good way to avoid accidents. Drivers in St. Catharines obviously believe this to be true, as 77 per cent show on their rate shopping information that they use snow tires to navigate more safely during the winter months.
Thousands of Kanetix.ca customers throughout Ontario now benefit from a discount being offered by car insurance companies province-wide to any driver who buys and installs four winter tires in November and keeps them on until April. The Ontario government, in a bid to improve on driver safety, introduced the legislation and since January 1, 2016 many drivers were eligible to save up to 5 per cent on auto insurance rates by choosing to install snow tires.
It is a good idea to check with your car insurance company for additional savings that may be applied if you participate in a roadside assistance program too. It seems as though drivers in St. Catharines have some enthusiasm for these programs, as 40 per cent indicate they are enrolled.
More discounts are available
It is perfectly feasible that car insurance customers will also have other insurance requirements. Auto insurance firms want additional business and to accomplish this will offer significant discounts to customers who hold multiple policies. Close to half (47%) of car insurance customers in St. Catharines show an interest in receiving multi-line discounts when comparing quotes at Kanetix.ca.
There are further saving options that auto insurance customers should look into. When shopping you'll find you can also take advantage of available discounts for taking driver training courses, for belonging to certain groups or having extra security features in your car to prevent theft or vandalism.
Compare quotes to find the best coverage and best rate
Compare quotes, at minimum once a year, so that you can be sure you're getting the best price for your car insurance coverage. Other important times to shop around include when you get married, 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 your rate may change which means you may no longer be getting the best price from your current provider. Compare car insurance quotes today to see if you could spend less on your coverage.
*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