Title: Why Compare Car Insurance? (1)
1 2Why Compare Car Insurance?
It's fast. Compare up to 7 quotes within minutes.
It's easy. Tell us about your car and yourself
and get connected with the lowest real time
quotes.
It saves you money. Comparing makes sure youre
getting the best rate on the market.
3Who is RateSupermarket.ca? RateSupermarket.ca is
an independent information source where consumers
can get free, up to date information on the
latest personal finance offers, guides, tips and
informative articles presented in an easy to
understand way on products that tend to be quite
complicated.
A little bit of information can go a long way in
enabling customers to make informed decisions.
4 Why do I need car insurance? In Canada, it is
mandatory for all car owners and drivers to have
vehicle insurance. This is coverage that
protects you financially in case of an accident,
in exchange for monthly payments referred to as
premiums.brgtCar insurance protects you from
liabilities caused by accidents including
Medical coverage for any injuries as a result of
an accident, including ongoing rehabilitation Inc
ome replacement if you are unable to work due to
an accident
5Why should I compare car insurance
quotes? Before you commit to anything, make sure
you shop around. It's best to compare car
insurance quotes offered by insurers and brokers
(it's best to get a minimum of 3 quotes). You
should make your final purchase with the company
or person who provided you with the best service
and a competitive rate. The insurance
representative should take the time to answer all
of your questions and make you feel comfortable
about the purchase.
6 How does car insurance work? Car insurance
comparison is a contract that must be renewed by
the driver on a yearly basis, with premiums paid
monthly. Insurance providers and minimum
requirements differ between provinces. In some
provinces, coverage is only available through
government-run car insurance, while drivers in
other provinces can choose from a number of
private insurers. In addition to mandatory
vehicle insurance, other types of optional
coverage can be purchased from your insurance
provider. This includes collision insurance,
which covers damage resulting from an accident,
and comprehensive insurance, which covers car
theft and vandalism.
7How are car insurance premiums calculated? Car
insurance premiums are calculated based on a
number of factors that determine the risk of you
getting into an accident, and how likely it is
that you'll make a claim.
These risk factors include your driving and
accident history, as well as statistical
information such as your age, location and number
of years driving. The amount and distance you
drive, the type of car you own and whether you
live in an urban or rural setting can also affect
your premiums.
8-
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