For starters, as with all sizable buy, it pays to buy round for one of the best charges on auto insurance coverage in Ottawa. If you have already got protection and it’s arising for renewal quickly, it could possibly be worthwhile to get a couple of quotes from different suppliers—if solely to substantiate that your insurance coverage premiums are nonetheless aggressive. 

On prime of that, although, there are a number of different methods you could possibly decrease your auto insurance coverage charges. Right here’s what drivers have to find out about evaluating automobile insurance coverage quotes for Ottawa. 

What impacts auto insurance coverage prices in Ottawa?

Insurers base their premiums on risk-related components. A few of these are out of your palms, and a few should not. 

How age impacts auto insurance coverage

Age is an enormous issue on the subject of auto insurance coverage. Insurers see youthful drivers as riskier prospects resulting from their less-honed decision-making abilities and lack of driving expertise, so their premiums are sometimes larger. The stats assist these considerations. As an example, in line with the Ontario Highway Security Annual Report for 2021 (the newest one obtainable), the age class with the very best share of drivers concerned in collisions was drivers aged 21 to 24.

How gender impacts auto insurance coverage

In Ontario, there are three genders acknowledged by insurers: male, feminine and gender X. Not all insurers provide the choice to pick gender X. That is set to alter by Jan. 1, 2026, when the Financial Services Regulatory Authority of Ontario (FSRAO) says all insurers within the province should embrace gender X of their practices. 

In Ontario, male drivers are most frequently behind the wheel throughout accidents, so insurers are prone to cost them extra for auto insurance coverage. That is true for Ottawa drivers, too. “Virtually three-quarters (70%) of the 128 drivers concerned within the 84 deadly collisions have been male. This share was larger compared to the 52% of males within the licenced driver inhabitants,” notes the Ottawa Fatal Collision Review Committee in its 2020 annual report.

How the place you reside impacts insurance coverage premiums

Residents of densely populated cities—say, Toronto or Vancouver—are at larger threat of auto accidents and automobile harm. Ottawa, having a a lot decrease inhabitants density, will get a break on this regard. However one thing that Ottawa drivers ought to pay attention to is that the town has the sixth-highest auto theft claims in Ontario, in line with the Insurance Bureau of Canada (IBC). This may occasionally have an effect on Ottawa auto insurance coverage charges sooner or later—particularly when you drive a automobile that’s widespread with thieves—so it’s price on the lookout for methods to cut back your premiums.

How the form of automobile you drive impacts your insurance coverage

Wish to pay low auto insurance coverage charges? Then, fastidiously take into account the automobile or truck you drive. In keeping with the IBC, these are a few of the components that insurers take note of when deciding what fee to cost you: