Motorists in Canada are being presented with a series of different ideas following extensive research from the Financial Services Commission of Ontario (FSCO). As the sole regulator for the Ontario auto insurance industry, the FSCO have issued some excellent advice to help secure better auto insurance rates. Cheap auto insurance quotes will be dependent on:
The Type of Vehicle being Driven
Vehicles with low repair costs and those that present a lower security risk will be rewarded with cheap auto insurance rates.
Your Driving Record
A colorful history of multiple claims or violations can add hundreds of dollars onto most auto insurance quotes but adopting a safe and conscientious attitude to driving can help reduce rates. Passing a defensive driving course will also help.
Your Driving Habits
The more time you spend on the road, the greater the chance there is of actually being involved in an accident. Try to minimize vehicle use and your estimated annual mileage by joining a car pool, using public transport or cycling over shorter distances.
Areas with a high population density will have more vehicles on the road and this increases the chances of being involved in an accident. Busy urban areas also have higher crime rates and this can also affect auto insurance quotes.
Young drivers are usually penalized more heavily because of the damning accident statistics relating to their age group.
Your Deductible Figure
The higher your deductible, the cheaper any subsequent auto insurance quotes are likely to be.