Insurance rates suck. There’s no other way to put it. They’re always way more expensive than they need to be and it’s all due to arbitrary circumstances. Here are three ways you can somewhat influence those rates so you can save a few pennies(Remember those?) in the bank.
Driving around this time of year can be dangerous. From icy roads to snow flurries blocking your view of the road, we’ve all got to keep close attention when driving from point A to B. However, regardless of the time of year there always seems to be a few intersections that are just dreadful to drive through. The Toronto Star has compiled a list of the top 10 worst intersections in Toronto. The list goes as follows:
- Lake Shore Blvd. E. at Lower Jarvis St.
- Lake Shore Blvd. E. at Don Roadway
- Ellesmere Rd. at Bellamy Rd.
- Lawrence Ave. E. at Midland Ave.
- St. Clair Ave. at Old Weston Rd.
- Sheppard Ave. at Morningside Rd.
- Weston Rd. at Lawrence Ave.
- Ellesmere Rd. at Morningside Rd.
- Islington Ave. at Albion Rd.
- Lake Shore Blvd. W. at Spadina Ave.
So take care when driving through these intersections. I’m surprised Bathurst and Lakeshore Blvd. didn’t make this list. Check it out below.
Even trying to avoid dangerous intersections may not be enough to keep your insurance rate down. kanetax.ca has put together a map that displays car insurance rates according to region of residence. The most expensive city to insure your car in is Brampton with an average insurance rate of $2,393! Woodbridge ties Vaughan for second on this list with an average of $2,342. All three of these cities are at least 40% higher than the Ontario average insurance rate ($1,538 per year). Here’s the full list. So what’s the tip here? Live in Oakville or Mid-Town Toronto to cut down on your auto insurance.
The kind of car you drive can impact your auto insurance. The Insurance Bureau of Canada has compiled a list of popular car models and their statistics on the number/cost of collisions, direct compensation property damage and accident benefit claims.
According to this list, driving a Ford, Chrysler or Hyundai can save you money. Meanwhile, expect high insurance rates with BMW and Infinti and Acura.