Buying Car Insurance
Filling out an insurance application is a key step in obtaining auto insurance coverage. An insurance broker, agent or insurance company can do it on your behalf. It is important to understand what information is required for the application so you can be prepared to speak with a licenced insurance representative. You can also provide the information on Rates.ca and get access to several auto insurance quotes at once. Honesty is key when providing answers to the questions in the insurance application. Inaccurate information can result in an increase in rates or even make your policy void. The insurance representative will tend to verify the accuracy of the information you provide through a Motor Vehicle Record (MVR) to ensure there are no discrepancies. Most of the information for an insurance application can be broken down into two categories: vehicle information and driver information.
You are also asked for additional information to see if you quality for any discounts (i.e. retiree discount, multi-vehicle discount, multi-policy discount etc.). Finally, you have to choose your coverage type and deductibles, both of which have an effect on the insurance premium.