Save With Ontario's Best Car Insurance Calculator

Shopping for car insurance is a decision that too many drivers take lightly. Some drivers give it no thought at all and simply renew their policy without giving it any thought. Why should you use a car insurance calculator?

• Choosing the wrong policy could leave you without important auto insurance coverage.
• Failure to compare insurance options could be costing you hundreds of dollars per year.

An Ontario car insurance calculator can help you find the right coverage and the cheapest rates by comparing policy options from multiple insurers.

Plus, you will save time and have peace of mind in knowing you made an educated decision when renewing your auto insurance policy.

A car insurance calculator, also known as an insurance estimator, is an effective tool to estimate your auto insurance costs. You provide information about your vehicle and driving history and the estimating tool will calculate quotes based on your information.

Insurance calculators are easy to use and only take a few minutes of your time. It’s an effective estimation tool to use when considering insurance costs for a vehicle, when renewing your policy or when making changes to your coverage.

Here are some of the main situations when you should use a calculator to get an estimate in Ontario :

• You are buying or leasing a vehicle : It’s important to know the insurance costs of a vehicle before you agree to a purchase or lease agreement. Insurance costs could impact your buying decision.
• Policy renewal : Things change. Using a calculator to estimate insurance costs can help you assess your options when comparing quotes.
• Updating your policy : Making changes to your personal information, the car your drive or your coverage will impact your car insurance premiums. Get an estimate when you change your information to understand how this will impact your rates.
• When you add a new driver or remove a driver from your policy : The number of drivers, a driver’s licensing level (G1, G2, G), and driving history of the drivers listed on your policy can have a significant impact on car insurance costs.
• When you move : Insurers use your city and postal code as a key factor when assessing your rates.
• When your social status changes : Retirement, marriage, a new job, buying a home and other factors can have an impact on your premiums.

Simply allowing your car insurance coverage to renew year after year without exploring your options could cost you – and it could cost you more money than you think.

Your rates could change from year to year, making it extremely important to compare your options, assess your coverage needs, and see what the market has to offer.

Taking a few minutes out of your day to get an estimate could save you more than you think. Here are some of the benefits of using a car insurance calculator when comparing your options :

• You only have to fill out your information once to assess rates from dozens of providers.
• You fill out your information, and we will do the shopping for you.
• We’ll find you the best rates based on the information you provide.
• You could save money – some extra cash never hurt anyone!
• It helps you get a better idea of your total costs to own and drive a car.
• You ensure you are getting the best rates each time you renew your policy.
• It’s quick, easy, and most importantly, it’s free!

Failure to get a car insurance estimate annually could cost you money. Saving a little money on your rates each month can add up quickly. Considering it only takes a few minutes to fill out your information, it’s time well spent.

Car insurance calculators play a very important role in helping make shopping more convenient. They also ensure you have a solid comparison point for comparing your coverage options and rates.

Rather than jumping from website to website and trying to compare apples to oranges – our car insurance calculator ensures you are comparing your options based on the same criteria.

How car insurance rates are determined vary by insurance provider. Each one uses a different set of variables and places greater weight on certain factors when determining rates. This is why you will often receive quotes that vary in price when comparing rates.

Insurance calculators also allow you to see how a certain variable can affect your rates and your premium.

For example, the car you drive has an impact on your rates, and some insurers offer better rates than others because of how they assess the risk factor of a specific car. If you didn’t use a rate calculator, you could overpay for insurance.

So, when shopping for your next vehicle, make sure to consider its insurability to keep your rates down. Learn more about the cheapest cars to insure.

Gettting an auto insurance estimate is one of many ways to be proactive about your coverage. There are a number of reasons to get a estimate in Ontario :

• Compare quotes : Compare quotes from multiple insurance providers.
• Budget : Budget for car insurance costs.
• Coverage : See how coverage changes impact your rates.
• Insurance costs : See how much certain vehicles cost to insure.

Getting the most out of a car insurance calculator to get an estimate is important. It ensures that your estimates are as accurate as possible. Here are some great tips :

• Gather your driving information ahead of time : Getting together your current insurance policy, vehicle information, driver’s license, driving history, and the information of all drivers you want to include on your policy will help you save time.
• Know your coverage limits : It’s important to know the coverage limits you want to include. Know how much of a deductible you are comfortable with and the level of liability coverage you want included in your policy. Make sure you use the same coverage amounts for each estimate to ensure you are comparing rates using the same information.
• Don’t shop on price alone : Yes, the price of your insurance premium is important, but it’s not the only thing to consider when comparing your auto insurance rates. To ensure you get the best coverage, it’s very important to consider the amount of value and coverage you are getting for the estimated insurance rates. For example, one insurer may offer a lower premium, but it may not offer the same level of coverage than another with a slightly higher rate.
• Bundle coverage : Combining your insurance policies under a single policy will help you save. You can bundle home and auto insurance, combine multiple vehicles and get coverage for all your vehicles and property to maximize cost savings.

Use our calculator to consider all the variables when choosing Your coverage. Consider the price, coverage levels, and overall value of a policy before making a final decision about renewing your policy.

To learn more about how to save money on car insurance, check out : How are Ontario car insurance rates determined?

Your car insurance premiums are calculated by insurers using a number of factors. Here is how insurance is calculated for a car :

• Driving record : Location, age, gender, and driving history.
• Vehicle information : Type of car you drive, vehicle feature, how much you drive.
• Coverage selection : Type of coverage, policy limits, endorsements.
• Deductible : Your deductible amount.
• Car insurance provider : Insurers use different methods to assess risk and calculate rates.

You can calculate rates for any type of insurance. The Ontario insurance system is made up of two main categories of coverage – mandatory and optional auto insurance coverage.

The mandatory coverage along with the optional coverage you add to your policy will determine your car insurance premium.

Mandatory Coverage

A standard amount of coverage is used when calculating your insurance rates. But, you can increase the minimum coverage amounts for mandatory coverage. Drivers are required by law to have the following coverage :

Optional Coverage

Adding extra coverage to your policy will increase your premiums, but most importantly, it will give you more protection. How your rates are calculated will vary based on the additional coverage you choose :

Here are the factors Ontario insurance providers cannot use when calculating your rates :

• Not at fault accidents
• Credit history
• Employment status
• Vehicle status – own or lease
• Length of time at current address