Insurers take a lot of different factors into account when calculating premiums for Fort McMurray drivers. It’s a process which involves looking at many factors which impact a driver’s profile. These include their driving history and automobile, as well as where they live and how much they drive. Here's a list of some key considerations insurance companies consider when calculating premiums:

• Driving record: Keeping a spotless driving record maximizes your savings. Your personal driving history, including tickets, driving violations and at fault accidents plays a huge role in how much you pay. These infractions often stay on your record for several years, during which you’ll pay higher insurance premiums.
• Your vehicle: Newer luxury or sports cars, particularly models with lots of technical options, typically cost more to insure than other automobiles. They’re generally more expensive to repair or replace if an accident occurs, as well as more attractive to thieves.
• Postal code: If drivers in your Fort McMurray neighbourhood are more likely to file vehicle insurance claims, your rates might be higher as a result. The opposite is also true.
• Age and experience: Drivers under 25 and those who are newly-licensed generally pay above-average auto insurance rates. Drivers 70-plus may also pay higher insurance premiums. This is because of the greater risk of car accidents for both groups.
• Annual mileage: Insurers ask for your driving frequency for a reason: the more you drive, the more likely you’re to get in an accident. Cutting back on driving, by integrating some public transit use into your lifestyle for example, can help trim your insurance costs.
• Optional coverage needs: Fort McMurray (like all Albertan cities) has certain categories of car insurance which are mandatory for drivers. Others, however, are optional. Drivers who select coverage beyond the minimum requirements will pay more for vehicle insurance.
• Discount eligibility: Many car insurance discounts exist, including some based on age or occupation, and others on alumni status or membership affiliation. Be sure to ask your insurance provider about available discounts to help reduce your insurance costs. Want to cut your premium by 5-15%? You can do this by bundling your home and auto insurance policies with the same insurer.
• Additional drivers: When adding secondary drivers to your insurance policy, expect to pay a higher premium.

Fort McMurray drivers generally pay lower insurance premiums for automobiles with lower replacement or repair costs. This includes older-model and pre-owned vehicles, and those with high safety ratings. Vehicles with higher rates of collision or theft, including newer luxury and sports models with multiple high-tech options, typically cost more to insure.

Fort McMurray drivers who save the most money shop around. Purchasing a new vehicle? Make sure to compare quotes for any models you’re considering before you buy. This helps make sure your insurance costs stay within your comfort zone.

The simplest way to get the best rates is to review multiple auto insurance quotes at once. RATESDOTCA’s online comparison tool will show you dozens of quotes within minutes.

Here are some tips to get the best vehicle insurance discounts in Fort McMurray:

• Multi-vehicle discounts: Drivers can often save 5-15% on premiums by insuring more than one automobile with the same insurer.
• Drive less: Since insurers consider your annual mileage, cutting back (like using public transit more) can lower your premium. Always tell your insurance company about significant changes in your driving frequency.
• Reduce add-ons: Review your coverage annually and cancel optional insurance you no longer need. For instance, paying for collision coverage on an older vehicle may not make economic sense.
• Drivers' education: Completing training with a licensed driving school can help inexperienced Fort McMurray drivers save money with most insurers.
• Single annual payment: Ask your insurer if there’s an option to pay for your entire premium once annually instead of making monthly payments.
• Increase deductibles: The more you agree to pay out-of-pocket when filing a claim, the lower your premium will be.
• Safety features: You can often save by installing approved anti-theft devices or other safety features on your vehicle. Before you buy and install the device be sure to confirm with your insurer that it’s eligible.
• Group discounts: Certain professional associations and other groups benefit from discounted premiums when insured under group policies.
• Install winter tires: Using winter tires keeps you and your passengers safe in snowy or icy weather. It can also save you about 5% annually with some insurers.
• Bundle home and auto policies: Bundle your home and auto insurance with the same insurer to receive multi-line discounts of 5-15% off.