The province city or town you live in plays a role in how much you pay for car insurance. Insurance companies take many things into consideration when setting rates for its policies. At Nanton Insurance, we want to ensure we are transparent as possible with your insurance needs and ensure they can work with your life. These things include:
- Population of your location: The more vehicles on the road, statistically equals a higher potential for accidents. This determines the rates you pay for your auto policies and one of the reasons you see a difference in city versus town rates.
- Availability of public safety services: Locations that have faster response times for vehicle collisions are considered safer and therefore less expensive for auto insurance companies.
- Number of claims in your area: This effects the cost of your insurance policies due to the increased payments from your insurance companies.
- Climate and weather: Winters with ice and snow translate into higher claims and premiums than a warmer climate due to the increased likelihood of collisions.
- Theft & vandalism: Higher property crime rate like car break-ins, car theft and vandalism, translate to higher premiums
- Road conditions: Intersections known to be dangerous translates to higher policy
Why do Insurance companies utilize all of the above information when they calculate your car insurance rates? The answer is simple! Where you live has a lot to do with how likely you are to get into an auto collision and how much a collision is going to cost to.
Although location is a big part of how insurance companies calculate your policy rate, they also look at a many other pieces of information to ensure we can get you the best rate. This information includes:
Vehicle Manufacturer
Vehicle Model
Number of Vehicles You Insurance
Drivers Age
Number of Drivers
Part Driving Record
For more information on your insurance rate contact one of the knowledgeable and friendly agents at Nanton Insurance.