Ottawa - Gatineau Auto Insurance

Auto Insurance things that you should know

The auto insurance rate charged on the same car and driver by different auto insurance companies may vary remarkably. In some cases, the difference may be hundreds or even thousands of dollars.

Furthermore, high Ottawa - Gatineau auto insurance rates do not necessarily imply better service. In other words, you need to spend some time to shop around and research policy options available to you in order to save on your coverage. Thankfully, Insurdinary was established to make it super-easy for you.

Our independent insurance advisors compile and compare several Ottawa - Gatineau travel insurance, making it easy for you to choose the coverage that strikes the cord. The advisors will also provide you with the requisite advice and guideline you need to make the most of your coverage.

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Ottawa - Gatineau Auto Insurance Quotes Trends in 2017

Source:insurdinary.ca 2017 collected completed auto insurance quotes

Best Driving Schools in Ottawa - Gatineau

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Ottawa - Gatineau Collision Reporting Centers

Minor collisions that do not involve criminal violations and injuries should be reported to the Collision Reporting Centers (CRC). The drivers involved are required to bring their vehicles to the CRC; in the CRC, a Police Officer will complete a collision report after accessing the damage.

The CRCs are open seven days a week and are located in three of the following police stations in Ottawa:

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Ottawa - Gatineau Auto Insurance News

Several factors affect car insurance rates; however, an insurance company must obtain approval from the Financial Services Commission of Ontario (FSCO) before it can change the rate it offers to Ontario residents.

The FSCO publishes approved rate changes on a quarterly basis. The approved rates for auto insurance companies increased on average by 3.35% in the fourth quarter of 2018.

The approved rates vary widely. For some companies, the rates increased by just 1.65% but some other companies increased their rates by up to 34.87%. In its quarterly statement, FSCO advised consumers to shop around for auto insurance. Rates may vary based on the insurance company’s rating system and claims system even for the same coverage.

On the average, rates increased by 2.23% in the first quarter, 1.11% in the second quarter and 2.06% in the third quarter of 2018. According to FSCO, auto insurance rates are changing because insurance companies are reporting an increase in claims related costs which relates to increases in vehicle repairs costs.

Also, the overall cost of direct compensation and collision claims the insurance companies are required to process may be driven up by the increasing number of distracted driving incidents. Generally, insurance companies usually apply for a rate increase in order to compensate for paying out more claims.

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