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ABOUT CAR INSURANCES
The insurance cost for newcomers or without driving experience in North
America or Canada
is very high. This is, perhaps, the first unpleasant factor that you
will find in your new country. A new driver in
Ontario
who has approved the tests to obtain license G-1 and then the road test to
obtain G-2, shall be in a position to buy his new car with the respective
insurance. In this case, the insurance cost of your first car may be between
$350 and $450, depending on the car, brand, model and the place where he
lives. The insurance cost also varies from one insurance company to another.
Insurance price also varies according to the brand, year, driver’s
experience, place where he lives and works, car's number of doors, size of
the engine and other factors.
Follow
the link
Online Auto insurance quotes.
NOTE:
Car insurance costs in Quebec are very much
lower than in Ontario.
(Between 50 and 70% lower)
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RECOMMENDATION:
You must first ask for an
insurance quotation before buying a car. In order to close the
deal and register the car, you must have liability insurance.
Newcomers frequently pay an advance to secure a car that they
like very much, without having an idea of the insurance cost,
when they know the minimum cost that they will have to pay ($300
to $450 monthly in Ontario) they see that they cannot support
the car without a good job, so they don’t close the deal and
they loose the money they advanced. Remember that you will have
to have a G-2 license to buy a car, take the insurance and drive
it alone. |
DIFFERENT
COMPANIES - DIFFERENT PRICES
Many
drivers, specially new immigrants, could pay $100’s, even $1000’s of dollars
annually more than necessary for their car insurance. Perhaps many people
believe that if they are paying more, they are getting more. But, this is
not true
All
insurance companies sell the exact insurance policy, word per word. It’s
like buy a can of coke at the variety store for $1 or pay $5 for it at a
sport event. Same pop, same different price. Same insurance policy,
different price.
Look the
following rate comparation published by the government of Ontario. There are
$1000’s of dollars difference between what insurance companies charge for
the same policy. Same policy, different prices.
Ontario
Government post these charts as warnings. They are telling you that if you
don’t shop and compare you are in danger of grossly aver paying.
Chart
Source: Government of Ontario,
www.fsco.gov.on.ca
These rates
are based on only one profile of a married couple. A 40 years old male
driving a Dodge Caravan and a 39 years old female, driving a Dodge Neon.
Neither driver has any tickets or accidents. This is only an example to show
to the newcomers and immigrants how this business works in Canada.
COMPANIES
|
OTTAWA |
TORONTO
|
LONDON |
WINDSOR
|
AXA Insurance
|
2714 |
5528 |
3616 |
3896 |
|
AXA Pacific |
4714 |
5530 |
3615 |
3897 |
|
Allstate Insurance |
3141 |
3603 |
3199 |
2843 |
|
American Home Insurance |
2528 |
3997 |
3019 |
3048 |
|
Aviva Insurance |
2933 |
4420 |
3685 |
4145 |
|
Belair Insurance Company |
3203 |
5101 |
3982 |
4819 |
|
CCA Insurance Company |
2295 |
4472 |
3002 |
3489 |
|
COSECO Insurance |
2395 |
4304 |
2648 |
2572 |
|
CUMIS General Insurance |
2080 |
3660 |
2406 |
2750 |
|
Certas Direct Insurance |
2246 |
3029 |
2714 |
2718 |
|
Chubb Insurance Company |
2812 |
3365 |
2385 |
2901 |
|
Co-Operators General |
2270 |
3125 |
2637 |
2920 |
|
Coachman Insurance |
2131 |
2886 |
2463 |
2744 |
|
Dominion of Canada |
2060 |
3767 |
2904 |
2830 |
|
Echellon General Insurance |
6078 |
10639 |
6774 |
8265 |
|
Echonomical Mutual |
1953 |
2703 |
2116 |
2347 |
|
Elite Insurance Company |
2669 |
3906 |
3268 |
3500 |
|
Farmers Mutual Insurance |
3244 |
4728 |
3376 |
4258 |
|
Federated Insurance |
3394 |
5050 |
3321 |
4033 |
|
Federation Insurance |
1953 |
2703 |
2116 |
2347 |
|
Gore Mutual Insurance |
2484 |
4569 |
2888 |
3023 |
|
Guarantee Company |
2638 |
4308 |
3352 |
3172 |
|
ING Insurance Company |
3005 |
3839 |
3453 |
3299 |
|
Kingsway GeneralInsurance |
4998 |
7838 |
5698 |
6449 |
|
Lloyd’s |
3147 |
5017 |
3282 |
3782 |
|
Lombard General Insurance |
2293 |
3732 |
2491 |
3129 |
|
Motors Insurance |
2511 |
3880 |
3858 |
3108 |
|
Nordic Insurance |
2149 |
3282 |
2604 |
3139 |
|
Optimun Insurance |
2947 |
5352 |
3831 |
3483 |
|
Pafco Insurance |
3911 |
6302 |
4159 |
4081 |
|
Pembridge Insurance |
2400 |
3659 |
3118 |
2959 |
|
Personal Insurance Co
|
1391 |
1808 |
1657 |
1634 |
|
Perth Insurance Company |
3930 |
5357 |
4203 |
4587 |
|
Pilot Insurance Company |
2917 |
4648 |
3684 |
4123 |
|
Portage La Prairie Mutual |
2920 |
4566 |
2956 |
3505 |
|
Premium Insurance Co. |
2511 |
4317 |
2883 |
3209 |
|
RBC General Insurance |
1813 |
2687 |
2332 |
2173 |
|
Royal & Sun Alliance |
2140 |
3628 |
2818 |
2908 |
|
S&Y Insurance Company |
2517 |
3399 |
3086 |
3391 |
|
Scottish & York Insurance |
2651 |
3868 |
3241 |
3444 |
|
Security National Insurance |
3312 |
5119 |
3454 |
4485 |
|
State Farm Mutual |
2427 |
3775 |
3104 |
3327 |
|
TD General Insurance |
2596 |
3807 |
2801 |
3279 |
|
TD Home Auto Insurance |
2678 |
5199 |
2913 |
4189 |
|
Traders General Insurance |
2661 |
3880 |
3312 |
3624 |
|
Trafalgar Insurance Co. |
2596 |
3369 |
2887 |
3290 |
|
Unifund Assurance Co. |
1763 |
3109 |
2028 |
2189 |
|
Waterloo Insurance Co. |
1992 |
2735 |
2140 |
2509 |
|
Wawanesa Mutual Co. |
2855 |
4600 |
3689 |
3529 |
|
Western Assurance Co. |
2464 |
3942 |
2652 |
2915 |
|
York Fire & Casuality |
2559 |
3983 |
3058 |
3029 |
|
Zenith Insurance Company |
4972 |
7302 |
5472 |
6211 |
NOTE:
Car insurance costs in Quebec are very much
lower than in Ontario.
(Between 50 and 70% lower)
 |
IMPORTANT !
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recommend to
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