Update: see previous posts – November 2, 2010 – Stop Using Credit Scores Against Those Seeking Homeowner Insurance, October 23, 2010 Uninsured Vehicles Project (Ontario) November, 2010, August 22, 2010 Auto Insurance Rules Change September 1, 2010 (Ontario), November 13, 2009 Home Insurance Skyrockets in Ontario, November 5, 2009 Liberals Take Care of Ontario’s Auto Insurance Companies, October 5, 2009 Ontario Liberals Support Auto Insurance Profits, July 19, 2009 Insurance Rates Skyrocket in Ontario, June 11, 2009 Insurance Companies exercise discrimination due to “perceived genetic risks”, May 18, 2009 Ontario Auto Insurance – Reducing Accident Benefits from 100 to 25 Thousand Dollars.
See the source, the Surrey now
False. It doesn’t matter if your car is blue, red, silver, white, or black, your rate for that make and model will be the same.
Not necessarily. Insurers look at things like repair costs, theft frequency and its previous claims history when determining a car’s rate–not the number of doors.
Parking tickets do not count against your insurance, but unpaid fines might affect your ability to renew your licence or licence plate. In extreme cases, it could even result in a licence suspension.
It depends. Your first minor speeding ticket (typically under 45 km/h over the limit) may not affect your insurance rate. But get two or three and you’ll likely pay more. Any faster, like a major speeding ticket and your rates go up for sure.
Auto insurance premiums across insurance companies are not the same. In fact, each insurer’s car insurance rates are so unique to them that it’s pretty safe to say that no two are alike.