Auto insurance rates in Canada vary depending on the type of coverage one is acquiring, and the rates for coverage categories also differ due to a number of factors that are considered in the calculation.
First is your driving record. Premium rates are generally higher for those with records of at-fault convictions, usually for the last six years. The length of time you have been driving and your previous auto insurance records will also be evaluated.
The next thing the auto insurance company will check is your vehicle, with focus on the make and model of your car to determine average repair costs, rate of injury and the probability that the vehicle may be stolen.
The third thing taken into consideration is your car-owner relationship. If you use your car often, your premiums will be higher. Also, if you have young or inexperienced drivers among your family members that may also be driving the
car, that entails a higher premium rate too.
The fourth auto insurance rate determinant in Canada is your location and the places where you drive your car around. Metropolitan cities and urban locations entail higher rate because of the higher probability of theft, accident and injury. Your work location is also taken into account, including where you will be parking your car.