How Premiums are Calculated
Here are the main factors that determine your automobile insurance premium:
- The type of vehicle being insured (year, make and model)
- How the vehicle is being used (pleasure, commuting or business use)
- Where the vehicle is usually driven and how many kilometers will be driven (e.g. where is it usually parked)
- Who will drive the vehicle and how often
- How long the vehicle – or one it replaces – has continuously been insured in Canada
- How long any regular or occasional driver has continuously held a valid operators license in Canada
- The driving record of any regular or occasional driver, including
- number of (at-fault) collisions
- number of moving violations (e.g. speeding)
- number of serious or Criminal Code convictions (e.g. DWI)
- The coverages you purchase and the limits and deductibles you choose
Discounts Available
Our insurance company partners offer some valuable opportunities to save on your automobile insurance premium. Ask us if you qualify for the following discounts, each worth 5 to 50% of your premium *
- Operator Age
- Anti-Theft Devices
- Claims-Free
- Farmers
- Loyalty Reward
- Multi-Vehicle
- Multi-Policy
- Professional Occupation
- Short Commute
- University Student
* Some conditions will apply.