Compare Car Insurance Quotes in Oakville

When it comes to calculating rates for drivers in Oakville, insurance companies take several different factors into consideration, including:

• Driving history. Your driving history will weigh heavily when insurers assess and calculate your risk profile. Having a history of infractions such as speeding tickets and/or careless driving will result in higher premiums compared to someone with no infractions on their record. Be sure to obey the rules of the road and practice defensive driving any time you hit the road.
• Your mileage. How much you drive will affect your car insurance rates in Oakville. Someone who drives 30-45 minutes to and from work each day will have higher premiums than someone who only uses their vehicle to run the occasional errand.
• Your postal code. Where you live in Oakville can have an impact on your insurance rates. Different neighbourhoods can have significantly different rates, if one area has a high number of claims.
• Your age. Like it or not, your age is another factor that can have an impact on your insurance rates in Oakville. Because they lack experience behind the wheel, young drivers are statistically more likely to be involved in traffic collisions. This results in higher premiums. Drivers in their thirties and beyond are often able to obtain the lowest rates.
• Your policy. The amount of coverage you choose will also affect your premium, with more covering resulting in increased premiums. In Ontario you are required to have minimum coverage amounts, including third-party liability, accident benefits, uninsured automobile insurance, and direct compensation property damage (DCPD).
• Insurance history. Your insurance history is also important when determining your insurance rates in Oakville. Drivers who have filed multiple claims or have a history of missing payments, may be given a higher rate. New immigrants are also likely to have higher rates due to their lack of Canadian insurance history.

The vehicle you drive is only one of many factors that go into your Oakville insurance quote. That said, vehicles with good safety ratings and low theft rates are often more affordable to insure.

There are a few different ways Oakville drivers can secure discounts on auto insurance, including:

• Shop and compare. Don’t just settle for the first insurance company you find, make sure you’re comparing providers. Even within the same city, different companies can offer vastly different rates. The good news is RATESDOTCA makes it easy to find the most competitive rates from all the top providers in Oakville.
• Bundle your coverage. Bundling your home and auto insurance policies with the same provider is another way to save hundreds of dollars each year.
• Stick with your current insurer. Most insurance companies in Oakville offer discounts to drivers who stick with them for several years. You can increase your loyalty discount by adding family members or multiple vehicles to your policy.
• Drive responsibly. Your driving record is one of the most important things that impacts your rate. The fewer infractions and fines you have, the more likely you are to have cheaper insurance.
• Install safety features. Winter tires and anti-theft alarm systems can help reduce your insurance premium by proving to insurance companies that you are taking all necessary precautions to protect your vehicle.
• Take a driver’s education course. New or inexperienced drivers can significantly reduce their insurance premiums by completing an accredited driver’s education course.
• Increase your deductible. By increasing your deductible (the amount you pay when settling a claim) you can expect lower premiums.
• Pay premiums annually instead of monthly. There’s an administrative cost your insurer must deal with when you pay your premiums monthly. Simply paying in full annually (if you’re able) can result in lower premiums.
• Consider usage-based insurance. Another way for Oakville drivers to lower their insurance premiums is to enroll in a usage-based insurance (UBI) or telematics device program. Once enrolled, an app on your phone monitors things such as your braking habits, average speed, and how far you travel. Your premiums can’t be increased for risky behaviour, but those with good, safe driving habits are eligible for discounts of up to 30%.