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In Quebec, certain compulsory coverages are provided only by the government plan and certain other compulsory coverages are provided only by private industry.
Basic compulsory coverage that must be carried by every motorist includes: Third Party Liability which must be purchased from a private insurer and Accident Benefits which must be purchased through the government plan. In Quebec, the government insurer provides Accident Benefits coverage to every automobile owner.
There are a many factors used to determine what your automobile premium will be, here are some for you to consider:
- How long you have been driving as well as your previous insurance record. If you have not been mentioned on a previous insurance policy it will effect the premium.
- The year, make and model of the vehicle that you are driving.
- Your personal information, such as age, sex and marital status.
- Where you live.
- The usage of the vehicle: if you use the vehicle to work, to commute to and from work or for pleasure only.
- Are you the only driver of the vehicle, how many drivers are there in your home, and how many cars?
- The distance to and from work or the annual kilometers you drive.
- Where you drive: do you drive to the US or Ontario on weekends?
- Do you have any previous accidents? Were they responsible or non responsible?
- Do you have any speeding tickets in the past three years?
- The kind of coverage you are getting will obviously effect the premium. Don't forget to compare apples with apples when comparing premiums.
- Do you qualify for any discounts ?
- age/sex discounts
- occupation discounts
- employer discounts
- excellent driving record discounts
- multiple vehicle discounts
- Are you presently insured with the same company for your home or any other insurance?
We hope this brief list has given you an idea of some of the things that an insurance company takes into consideration when listing a premium.
If you have any questions or would like any further information, please do not hesitate to contact us.
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