Higher deductible
A deductible is the amount left to be paid by you when you make an insurance claim following a loss. You might want to choose a higher deductible, as it will lower your premium. Just make sure you can afford to pay this deductible in the event of a claim.
Type of vehicle
Your insurance premium may be higher or lower depending on the type of vehicle you drive. When calculating your premium, insurance companies take safety features into consideration. As for theft risk, some vehicles are more expensive to insure because they are more popular among car thieves.
Shop around
Insurance products and prices differ from one insurance company to another. It pays to do a bit of research online and ask for quotes. Ask your family and friends if they have a company they would recommend.
Your profile
Your sex, age and place of residence are some of the factors that will affect the cost of your insurance premium. For example, young male drivers are known for driving more recklessly than young female drivers, and generally have more car accidents.
Where you live can also impact the premium you pay if you’re in a high population area with lots of traffic, and therefore, with a higher risk of car accidents. Auto insurance policies also differ from one province to another.
Ask questions
Don’t hesitate to call insurance companies and ask them questions! Being well-informed will give you a better understanding of insurance policies and help you find the right coverage for your needs.
These tips are provided for information and prevention purposes only. They are general in nature, and Desjardins Insurance cannot be held liable for them. We recommend using caution and consulting an expert for comprehensive, tailored advice.
In Quebec, Desjardins Insurance refers to Desjardins General Insurance Inc. In Ontario and Alberta, Desjardins Insurance refers to Certas Direct Insurance Company, underwriter of automobile and property insurance.
