Getting the best auto quote
When you are shopping around for an auto quote the task can seem daunting; remembering dates, claims, convictions and car details can take its toll and possibly lead to incorrect quote prices. Insurance of any kind can differ from company to company depending on your situation but having solid groundwork can help prevent any unwanted surprises just before you sign your application.
First thing to bear in mind is this: don’t omit details! By keeping quiet about that speeding ticket or non-pay cancellation does not mean your insurance broker won’t find out about it. Did you know claims stay on record for up to 9 years and convictions for 3 years? When setting up a new auto policy insurance brokers have to run auto reports on all licensed drivers within a household which in turn tells them everything they need to know about your driving history so it’s always best to put in as much information to the best of your ability. If you are unsure about your history you can visit a Service Ontario center and order a drivers abstract. Undisclosed information can lead to incorrect quotes or a decline from a company.
Another tip: Check your current policy to try and get the closest match in coverage’s to what you currently have. Some companies include extras that another company might not. For example, if you are wanting rental car coverage in the event of an accident you will need a specific endorsement (OPCF 20) added to your quote. If you want your coverage extended to a non-owned vehicle (the rental or friends car you’re borrowing) you need the OPCF 27 added. By comparing your policy to the quotes you are getting, you will get a closer rate.
Consider increasing your Accident Benefits. If you are the bread winner of the family or you have dependents, ask yourself, “what would happen if I was in a serious accident?” Do you have enough coverage to ensure they are taken care of? You may have a health plan through work but does it offer enough? You may be surprised to learn that you can increase your Liability limits from $1 million to $2 million for as little as $100 per year. Think of your household as well as yourself when choosing your insurance and, as always, your insurance broker is there to help answer any questions you may have to help you make the best decision.