While Toronto politicians have made efforts to encourage the use of transit and bike lanes, the truth is that more and more residents are choosing to drive. If you are one of them, it is crucial that you have a quality car insurance policy that will cover you when the unexpected occurs. By following these guidelines, you can get the best coverage for your money.
As a driver, you can't control these particular changes, but you can control maintaining a clean driving record. Next to comparing rates, this is the best way to keep your auto insurance rates down. However, note that your rates can also increase or decrease if you move, change your commuting time, get a new vehicle, add another driver to your policy, and so on.
Rental car insurance and credit cards: Many Canadian credit cards include rental car insurance coverage, but there is something very important to know about this. It DOES NOT cover 3rd party liability, meaning that if you damage somebody’s else property, it is not covered. This type of insurance is called a damage/collision wavier, and, as opposed to a real car insurance policy, it is only good for covering scratches/damages on the rental car itself.
Ajusto is a usage-based insurance program that you can enjoy on your smartphone to help you monitor and improve your driving habits. The app will provide you your driving score that will determine your savings on your auto insurance premium at renewal. Using Ajusto never results in a rate increase or penalty. Everyone wins with enhanced safety and savings!
Credit Cards Savings: Based on avoidance of unnecessary card fees and correctly chosen insurance protection via a credit card, including $280 in rental car insurance (renting a car for 2 weeks per year), $70 in card fee (fee difference for cards with similar insurance protection), $70 in travel medical insurance for one person for three weeks, and $80 for extended warranty for one electronic device purchased during a year.
Because you rent vehicles and require a vehicle to get to work and other commitments, we recommend this coverage. It provides a replacement vehicle while your own is being repaired, and also provides rental insurance above and beyond what a rental agency will offer. Because you rent vehicles, we recommend this coverage, which provides rental insurance above and beyond what a rental agency will offer. Because you require your vehicle to get to work or other commitments, we recommend this coverage. If your car is being repaired after a covered incident, we’ll provide a replacement vehicle to you during that time.
*75% of Kanetix customers in Ontario who participated in the survey said Kanetix helped them identify an average savings amount of $610 (June – November 2017) on their car insurance. The cited amount represents the average difference between the best quote obtained at www.kanetix.ca and the current premium amount of participants in the survey. The savings amount varies by individual and does not constitute a guarantee; in each individual case, the difference may be smaller or greater than the savings amount cited.
Become an occasional driver under your parents’ policy – Consider being an occasional driver before getting your own car and becoming a primary driver. Occasional drivers pay significantly less for auto insurance. You can build up driving experience while being an occasional driver and end up paying less for auto insurance once you become a primary driver down the road.
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Keep in mind that the minimum car insurance coverage required is determined by the Government of Ontario and may vary in comparison to Alberta, New Brunswick, Newfoundland/Labrador, Nova Scotia, Prince Edward Island, and Quebec. In addition, premiums can vary depending on the area in which you reside, typically being higher in major urban centres, such as Toronto.