Buying a new vehicle?
You have more power than you think over your insurance costs!

Various criteria are used in calculating your auto insurance premium.1 By reviewing the most important ones, you’ll find that you can influence your premium.

Type of vehicle

The make and model of your vehicle, the cost of replacing or repairing it, and the cost of parts have a direct impact on your insurance premium. For example, the vehicles stolen most often are more expensive to insure because of the higher risk they carry. By opting for a model that is less coveted by thieves, you can help reduce your auto premium. Refer to Quebec’s most frequently stolen vehicles list.

Your driving record and habits

Have a perfect driving record? Your premium may be reduced. If you’re eligible, you could also get Good Driving Record Protection, which guarantees that your premium with Intact Insurance won’t increase as a result of one or even two at-fault accidents over a five-year period.

Your good driving habits could also help you save even more, thanks to the my Driving Discount® program from Intact Insurance, which rewards good drivers. Depending on your driving habits, you could save up to 25% on your auto insurance premium.

Your age and gender

Your age and gender can also affect your premium. What you need to know is that the average premium is directly related to claim frequency—the higher the frequency, the higher the premium for collision coverage.2 As it turns out, the frequency is highest among drivers aged 16–20 and, regardless of age, the average cost per claim is higher for men than for women.2 This partly explains why auto insurance generally costs less for women than for men.

Where you live

The risk of being in a road accident is greater in major urban areas than it is in smaller towns or rural areas.3 More cars are stolen in big cities as well.4 That’s why your place of residence affects your premium.

What you use your vehicle for

If you use your car for professional purposes, you should expect to pay a higher auto insurance premium.

Distance travelled

Another factor in determining your premium is the distance travelled in a year. If you use your car only occasionally, your premium will be lower than if you use it every day or travel long distances to commute between home and work.

Your insurance coverage and deductible

The more comprehensive your coverage, the higher your premium will be. However, you can reduce your annual auto insurance premium by choosing a higher deductible.

Your credit score

Your broker may have asked your consent to check your credit score with credit agencies. This information is combined with other criteria used by your insurer to determine your auto insurance premium. Experience has shown that many consumers who granted their insurer access to their credit score ended up paying lower premiums.5

Ask your broker

As you can see, nothing is left to chance when it comes to determining the price of your auto insurance. As a result, you’ll pay a fair premium that is a reflection of your personal situation and the level of risk that you carry. Should you have any questions about your coverage, please contact your broker. He is your best advisor.

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