With some Ontarians driving much less than they used to because of the COVID-19 pandemic, many are wondering how much the number of kilometres they drive affects their premiums. The answer is, all things considered, not much. The difference in premium between driving 10,000 km a year and 50,000 km a year is between 6
During the pandemic, many Torontonians have taken advantage of remote working arrangements, and decided to leave the city. If you do the same, you could save up to 37% on your home and auto insurance premiums. The pandemic has led to an unprecedented spike in the number of people working from home. In January of
In a word… Yes. While some insurance providers will let you add yourself to a roommate’s tenants insurance policy, allowing you to share the cost of the premiums, do NOT assume that you and your belongings are covered under their plan. Because the cold hard truth is that you are likely not. Tenants insurance is
It came upon us quickly, and lingered on long enough to change our lives indefinitely. Now a new (old?) normal is on the horizon, and that can mean changes that affect your insurance policies. Whether for your car, your home or your cottage, it’s important to make sure these policies are up to date while
There are lots of myths out there about what kind of car or truck will cost you more or less to insure. Most Ontarians would assume that a sports car will come with higher premiums, especially a red one. Not necessarily true. We also think that the bigger and more expensive the car, the more
Within the current boundaries of the City of Toronto, there are 102 postal code groups (first 3 letters) that identify an area or neighbourhood, and can affect the premium you pay for auto insurance. Of all the postal codes, those in Scarborough are the most expensive, with 16 of the 17 Scarborough postal codes paying
There are four different ways to shop for home, car or other personal insurance in Ontario. You can shop directly with an insurance company, or with an agent that only works with one company, and that will get you exactly one quote. Or you can shop with a licensed insurance broker or online insurance comparison
For as long as there has been car insurance, men have paid higher premiums than women. This is not unfair discrimination. It’s based on hard facts. They also make more claims and more expensive claims.
For parents who have new and learning drivers in the house or maybe even getting their own car to go off to school, it’s good to know how much you can expect to pay for their auto insurance. The short answer is that for a family living in North York, it could cost you as
If you are considering buying a vehicle on Auto Trader’s list of Canada’s cheapest vehicles, you should know that the lowest-cost vehicles don’t necessarily get you the lowest insurance premiums. Here’s what it would cost 4 Ontario drivers to insure the cars on the list.