Auto insurance is one thing that automobile owners in Toronto think about year after year. Some have gotten complacent and stick to their current plans year after year. Some are fairly new to the game and are still on the lookout for an auto insurer they can trust.
Regardless of what stage you’re in, there will always be a need to find the best auto insurance rates in Toronto.
So how do you do it?
Step 1: Get an auto insurance quote.
Auto insurance providers often have online forms that you can fill out. These would require you to submit your basic information, as well as a little bit of your driving history. From here, auto insurers are able to come up with a quote. This process usually takes around 5 minutes. But if you’re going to compare a number of different auto insurers, it can take up a lot of time.
The best way to do it is to go through a comparison service like OfferHub.ca. You only need to submit your information once. From there, you can have an overview of what different auto insurers can offer.
Step 2: Decide on an auto insurer.
Once you have the quotes, it’s easy enough to make a final decision. Remember that it’s not just about the price. There are so many things that you have to think about when choosing the right auto insurance coverage. Once you get the right amount of balance between price and coverage, lock that in. Talk to the auto insurer and sign your chosen policy.
Step 3: Stay on top of things the whole year.
Though you only get to sign up for an auto insurance once a year, everything else that happens within that time period could affect your future premiums. This is why you have to stay on top of things the entire year.
Be on the lookout for auto insurers adjusting their rates. They could be potential insurers in the future. Make sure you drive responsibly, too. Any accident in the current year will automatically affect your future premiums. Keep your vehicle well-maintained. Add any safety features if possible.
Did you know that Toronto is the most populated city in Canada? It is also ranked as the 4th most populated city in North America. Based on these numbers, you can probably imagine how many drivers and vehicles are on Toronto’s roads. It also makes it unsurprising that the daily commute is unbelievable.
These numbers also show you the heightened risks. In a city where everybody is rushing to get where they need to be, accidents are impossible to avoid sometimes. That’s exactly why you need to be careful what kind of auto insurance you sign up for. It doesn’t matter how careful you are as a driver. If the thousands of other drivers out there are not careful enough, you’re still at risk.
Facts and Myths about Toronto’s Road Situation
Here’s a good view of what driving in Toronto is like:
- Auto insurance fraud is quite common in Toronto. In fact, among the instances of auto insurance fraud in Ontario, 84% of them happen in the Greater Toronto Area.
- You know what the most popular vehicle is for people looking for auto insurance in Toronto? It’s the Honda Civic LX4DR.
- The Yonge and Dundas intersection is the busiest of all intersections in Toronto. An average of 2,000 vehicles and 6,000 pedestrians go through it in an hour!
- The 401 in Toronto is the busiest freeway in the entire North America.
Now, it’s not surprising that there are also a few myths about the roads in Toronto. You may think that these myths won’t really affect you. But in reality, the wrong beliefs can cause you to make bad decisions when on the road.
Here are just some of the biggest myths about the Toronto streets:
Myth #1: Toronto has a lot of bad drivers.
The truth is, Toronto only accounts for 5.3% of all car accidents in Ontario. As for traffic tickets, only 2.1% of all tickets in Ontario are from Toronto.
Myth #2: Toronto has the worst traffic in Canada.
In reality, Toronto only comes 2nd when it comes to toad congestion. Vancouver holds the top rank.
Overall, these two myths should be a relief for a lot of drivers out there. Now, you can focus on finding the best auto insurance rates in Toronto that will protect you in case you fall prey to an accident caused by the few bad drivers out there.
How to Get the Best Auto Insurance Rates in Toronto
A single accident can cost you a lot. This is why it’s important to get not just the cheapest, but the most fitting insurance policy for you. Here are tried and tested tips on how you can get the best auto insurance in Toronto:
Compare and don’t rush it.
This is not just about comparing prices and getting the cheapest one. It goes way beyond the price.
When your auto insurance is too cheap, there’s a chance that the coverage is not enough. What happens if your brand new car is totaled? The coverage you paid for may not be enough. In the same way, just because a specific auto insurer’s quote is high does not mean that it’s the best for you. You may be getting more coverage than you need, which can turn out to be a waste just the same. Though you should not always go for the cheapest, you can still save on auto insurance.
It’s not just about the auto insurers. It’s also about what they have to work with. Remember that a huge percentage of the auto insurance premium you pay will be based on who you are as a driver. The more accidents you’ve had in the past, the higher your premiums would be.
This is why you have to make sure you keep your record clean. Follow the rules of the road. Check out speed limits. If no speed limits are specified, it will be safe to stay under 50km/hr. Other factors like leaving early for a meeting can also help. A lot of drivers get into accidents just because they’re rushing to go somewhere and are running late. Keep in mind the usual traffic you’ll be going through and leave some allowance.
Being a responsible driver also means adding some safety gear to your vehicle. Use snow tires when necessary. Make sure your vehicle is well-maintained.
Never stop shopping around.
Just because you’re chosen an auto insurer now does not mean that you’ll have to use the same company next year. Rates change. Your situation changes, too.
Even in the few months leading to the time your auto insurance expires, keep shopping around for auto insurance. Think about everything that has happened to you within the year. Have you had any accidents? Have you become accident-free this year compared to last year’s total of 3 mishaps? These should give you a new range of auto insurance rates to choose from.
To ensure that you get the best possible auto insurance in Toronto, use OfferHub.ca. This can help you get not only the lowest quotes, but the kind of coverage that fits your lifestyle and the way you drive as well.