Good drivers could save up to 25%^¹ on car insurance

Full car insurance coverage often refers to an All All Perils coverage. An All Perils policy combines Comprehensive coverage and Collision or Upset coverage. Comprehensive coverage covers the expenses to fix the damage to your vehicle from unpredictable circumstances such as fire, theft, vandalism, or natural disasters while Collision or Upset coverage covers repairs to your car following damages done to your car in case of an insured event. If you have any questions about the types of coverages for your vehicle, don’t hesitate to contact your broker to learn more about the car insurance coverage that is right for you.

Car insurance costs vary based on your vehicle type, your location, your driving history, how many kilometers you drive daily, and many more factors. To know how much your car insurance policy will cost with Intact Insurance, get a quote today or ask your broker to learn more about car insurance premiums.

The cost of car insurance varies widely based on factors like age, driving history, location, type of vehicle, and coverage levels. In Canada, the highest car insurance rates are typically paid by:

• Young Drivers:: Drivers under 25 often face the highest premiums due to their lack of experience and higher risk of accidents.
• New Drivers: Individuals who have recently obtained their driver's license, regardless of age, typically pay more.
• Drivers with Poor Records: Those with a history of accidents, traffic violations, or claims are considered high-risk.
• Urban Drivers: Residents of densely populated urban areas, where accidents and theft are more common, usually face higher costs.
• Drivers of High-Performance or Luxury Vehicles: These vehicles are expensive to repair or replace, leading to higher premiums.
• Drivers with Lapsed Coverage: Individuals with gaps in their insurance coverage may be seen as higher risk.

The lowest insurance is paid by:

• Experienced & Older Drivers: Drivers with many years of experience and good driving records typically pay less.
• Married Individuals: Married drivers often enjoy lower rates.
• Low-Mileage Drivers: Those who drive less frequently usually benefit from reduced premiums.
• Young Drivers with Good Grades: Students with high academic performance can often get discounts.

While some factors are beyond your control, your driving habits significantly impact on your insurance premium. Programs like MyDrive can help you monitor and improve your driving behaviour, such as speed, braking, and acceleration. These programs provide feedback to help you drive more efficiently and safely, potentially lowering your premiums over time.