Where Auto Insurance is Most Expensive
How much you pay for auto insurance has a lot to do with where you live. This is why your address and neighborhood are things that are factored in when determining your rates. In general, people in large cities that are densely populated tend to pay more than people that live in rural areas. Why is this? The more drivers there are on the road increases your chances of getting into an accident.
So, which province has the highest premiums? It is no surprise that it is Ontario, being that it is the most populated of all the provinces. It is also no surprise that Toronto and the cities in the GTA also have the highest average cost of auto insurance. With all the major highways and high volume of daily traffic, there is a greater risk to get into an accident.
Other provinces that have higher insurance premiums include Alberta, British Columbia, and New Brunswick. The cheapest place to get car insurance in Canada is Price Edward Island.
However, this doesn’t mean that you will get high rates because you live in Ontario or Alberta. Things like your driving record, the car you drive other factors can reduce your rates below the average in your province.
If you live in an expensive auto insurance province, then it is more important than ever to use and insurance broker, like HUB Insurance Hunter, to help you weight your car insurance options. With us you will get 3 quotes in 3 minutes and save money on your auto insurance.