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There all kinds of factors that are measured when it comes to vehicle insurance such as how you drive, where you drive, and what kind of car you drive. Your driving record may be the most important factor of all. If your record is clean, you will have lower insurance premiums. The longer you go with a clean record the more your insurance rates will decrease. When the insurance company looks at your driving record they will look at such things as numbers of years driving, convictions associated with driving, accidents, speeding tickets, moving violations and license suspensions. The type of vehicle you drive will also have quite a bit to do with your premium. Some vehicles are more dangerous or have been involved in more accidents. These vehicles will have higher premiums. Along with accidents, if you have chosen a vehicle on the most popular theft list, you can expect higher premiums. The make and model does matter when it comes to insurance as each vehicle has a monetary amount that it will cost to replace it. The Canadian Loss Experience Rating provides information on how much each car will cost to replace. The Insurance Bureau of Canada website can give you an idea of the top cars stolen in Canada so you will be better prepared. Insurance premiums are also calculated by the amount of time you spend driving. If you drive quite a bit, then you can expect higher premiums. Where you live or drive is also considered. In areas where theft and vandalism are high, insurance premiums are higher. The amount and type of coverage you choose will also govern the insurance premium you will have to pay. You can choose a low deductible and pay a higher premium. Choose a high deductible and your premium will be lower. Each province carries its own minimal amount of coverage so you will need to check that before deciding on a plan.
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