When looking to purchase auto insurance, a number of factors need to be taken into consideration. Some drivers are less of a risk than others. This results in lower insurance rates. These rates are based on statistics generated by insurance companies and their underwriters. While consumers can shop around, the factors are generally the same.
Safety Counts
Safe drivers get discounts and lower rates. The fewer accidents someone has while driving makes them less of a safety risk on the road. Drivers with restricted licenses due to unsafe driving practices, such as driving under the influence of alcohol or reckless driving tickets, are considered more likely to have future incidents. Statistics show that approximately two in five car accidents in Canada involve alcohol. Driver inattention is the leading factor in most crashes. The longer a driver goes without an accident or driving violation, the lower their insurance premium.
Risk
The more time drivers spend in their cars, the more likely they are to be involved in an incident. Long distance commuters have more obstacles, intersections and opportunities to hamper their trips to and from work. High speeds, wildlife collisions and bad weather account for other risks.
Experience
The age and experience of drivers make a difference. Adults have a distinct advantage over teen-agers and young adults when it comes to safe driving habits. They pay more attention to potential road hazards and know better how to handle snowy and icy traveling conditions. Drivers over the age of 21 and below the age of 65 will have lower insurance rates due to their experience and proven ability to drive safely.
Location
Canadian auto accidents are more likely to occur on rural roads than in the city. With fewer traffic controls and signals and higher speed limits, the number of incidents is significantly greater. Locations with higher annual snowfall amounts have more dangerous driving conditions.
Vehicle Model
What type of vehicle a person drives has a significant impact on their insurance rate. Cars with higher horsepower are considered a greater risk, as are those that can achieve speeds well above the speed limit. Newer vehicles in good repair are less likely to break down or cause problems for others, which results in a lower premium. Older models have a higher incidence of creating traffic hazards and accidents. Vehicles with a higher safety and crash rating will cost less to insure.
Author Resource:
Author is a freelance writer. For more information on Car insurance quotes Toronto please visit http://www.thinkinsure.ca/.Distributed by Content Crooner
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