It’s time to renew my car insurance. Yay…I feel like insurance shopping is about as fun as stepping on a nail. It’s not my ideal way to spend a Saturday, but it’s something I have to do if I want to continue to drive my zoom-zoom. I visited a few local insurance brokers and shopped around online to get some insurance quotes. After filling out the forms and answering all the questions, I realized that some aspects of my life were helping me get a lower rate, and others were working against me. Here’s what I figure I have going for me and what isn’t.
What I have going for me
-No claims or tickets. Obviously, this helps to keep my rates low.
-I’m now over 25. Usually insurance rates drop once a person turns 25 (provided, of course, they have a good driving record).
-I live out in the middle of nowhere. I get a lower rate because my car is less likely to be stolen or vandalized than someone who lives in an urban area. My car is also parked in a private driveway. If you have to park on the street, you may have higher insurance rates compared to those who park in private garages or driveways.
-I’m the lone driver on my policy. Having another driver can hurt your wallet, if that driver is young or has a couple tickets (especially any offense related to alcohol).
-I have 4 winter tires on my car. Some insurance companies offer discounts for drivers who put winter tires on their car.
-I’m a female. Statics show that as a female, I’m less likely to engage in reckless behaviour behind the wheel, and insurance rates reflect that.
-I go for a higher deductible. Lower deductibles = higher rates.
What isn’t going me
-I drive a new-ish car. My car is a 2009 Mazda 3. Newer the car, generally the more expensive the rates.
-I live in Ontario. Insurance rates are higher in Ontario than in Quebec and some other provinces.
-I use my car for commuting. The more you’re on the road, the more likely you are to be involved in a collision – this equals higher premiums.
-I’m single. If I were married, I’d apparently be more stable behind the wheel and get a better insurance rate for it.
Overall, I’ve got more going for me than not. Next time, I’ll share the range of quotes I got. Any of these things surprise you? Is there anything working for/against your insurance rates that I haven’t listed?
Have a good ‘un