After you’ve chosen your car, the sales clerk asks, “Would you like insurance with your rental car?” They then describe various types of coverage. Do you need this insurance? Or can you save yourself the cost? As with many things in the insurance industry, the answer is this: It depends.... Read More.
You may assume that the cheaper the vehicle, the lower your insurance premium. These days, insurance costs are no longer as simple as they may have been when your parents were your age.... Read More.
Do I list my children on my auto policy? If your children will only use your vehicle(s) in an emergency, then you don’t have to have them specifically listed on your policy. However, if they will likely use your vehicle once or twice a week, even if they have their own, then you should list them as an occasional driver on your policy.... Read More.
What kinds of cars will help consumers lower their auto insurance premiums?
Karen: It’s getting so complicated now. That would have been an easier answer a few years ago. But in general, you may find better rates on a used car as opposed to a new car.
The cost of car insurance for young drivers under the age of 25 is very high. A young male around 20 years old in Ontario with a clean driving record would be required to pay about $1,396 for a Honda Civic DX 2-door coupe clocking in at about 15,000 km per year.... Read More.