Understanding Auto Insurance in Atlantic Canada: Your Go-To Resource
Share to:
Navigating auto insurance can feel overwhelming, but we’re here to make it easy and stress-free for you. Whether you drive a car, truck, or SUV, knowing your coverage options and how to save money is essential. Let’s break down what you need to know about auto insurance and how we can help you find the right fit.
What Does Auto Insurance Cover?
Auto insurance protects you from financial losses related to accidents, theft, and damage. Here are the main types of coverage:
Liability Coverage: If you’re at fault in an accident that injures someone or damages their property, this coverage helps pay for those costs.
Collision Coverage: Takes care of repair or replacement costs if you have an accident.
Comprehensive Coverage: This covers non-collision incidents like theft, fire, vandalism, or damage from natural disasters.
Uninsured Motorist Protection: If you’re in an accident with someone who doesn’t have insurance or whose coverage is insufficient, this helps cover your expenses.
Having the right mix of these coverages ensures you’re protected in various situations. Now, did you know that some factors can influence your premiums?
Your auto insurance premiums can change based on several factors:
Age and Driving Experience: Generally, drivers who are younger or have less experience tend to face higher insurance premiums due to their limited driving history. Specifically, those under 25 are often classified as inexperienced, which leads to increased costs - the younger you are, the more you can expect to pay for coverage. However, reaching the age of 30 and maintaining a clean driving record can help lower your rates.
Driving Record: A clean driving record can help lower your premiums. You can usually check your Records by visiting your province’s government website.
Vehicle Type: Sports cars and luxury vehicles usually cost more to insure than standard cars or SUVs, due to higher repair and replacement costs, increased risk of theft, performance and speed, custom features, and more.
Location: If you live in a busy urban area, you might see higher premiums due to increased traffic.
At Go To Insure, we take these factors into account to offer you options that suit your budget.
Tips to Lower Your Premiums
Looking to save on your auto insurance? Here are some practical tips to apply:
Bundle Your Policies: If you combine your auto insurance with your home, commercial, life or other insurance, you might get a discount.
Drive Safely: It sounds obvious, but keeping a clean driving record qualifies for safe driver discounts.
Choose Higher Deductibles: The deductible is the amount you agree to pay out-of-pocket before your insurance policy covers the rest of the cost of a claim. Choosing a higher deductible typically results in lower monthly premiums because of reduced risk for the insurer, fewer small claims, etc. The amount saved depends on factors like your driving history, vehicle type, and insurance provider. Increasing your deductible from $500 to $1,000, for example, could save you 10-20% on premiums annually.
Maintain Good Credit: A solid credit score can lead you to be offered better rates. Learn more about how to improve your credit score in Canada.
As a proud Canadian company, we’re committed to understanding and meeting the unique needs of Atlantic Canadian drivers. Our personalized service, competitive rates, and local knowledge make us stand out. With Go To Insure, you're not just getting insurance; you’re gaining peace of mind.
Don’t leave your protection to chance. Talk to our experts today and discover the ideal auto insurance plan for your needs.