Everyone knows that being a claims-free driver can help you save on your insurance. Your driving record and insurance history are among the top factors affecting your rates when it comes to keeping low insurance premiums. The longer you drive without making a claim, the lower your premium will be. In Ontario, six years or more with a clean driving record counts you as an experienced driver.
However, it isn’t always this simple! Part of your lower rates comes from the claims-free discounts that most insurance providers offer drivers who earn a clean record. Over time, these discounts can significantly help your savings. With this being said, accidents do happen. Let’s take a look at how keeping a clean insurance record can help you save on car insurance.
Canadians and claims-free driving records
If you ask them, most Canadians will believe they are a good driver, however, this isn’t always the case! A RATESDOTCA survey in 2021 found that Canadians are prone to making driving mistakes. The survey found that one in four (25%) of drivers admit to making a call without using a hands-free option. On top of this, 49% admit to making calls altogether, 43% admit to texting and 57% admit to watching videos while behind the wheel!
If you’re amongst those who don’t partake in any of the above, then you’re an experienced driver with a clean record! Generally, those with no at-fault collisions in the past three years have a far greater chance of finding affordable car insurance. This is due to insurance companies assuming you are less likely to file an auto claim.
- The type of car you drive
- The area you live in and your postal code
- Your age, gender, and marital status
- How often do you use your vehicle and how many kilometers do you drive annually
- The number of years you’ve been licenced
Why being a claims-free driver is important.
Being a claims-free driver is crucial when it comes to getting the best insurance rates. However, there are many other benefits when it comes to keeping a claims-free driving record. For example, being a claims-free driver can help you find coverage from a larger pool of insurance companies. On top of this, you can remain stress-free without having to worry about paying traffic fines or having demerit points added to your account.
Accident Forgiveness: What you need to know
Another major benefit to being a claims-free driver is the OPCF 39 Endorsement, also known as accident forgiveness. Let’s face it, accidents happen to everyone, even the most experienced drivers. Regarding claims-free driving benefits, many insurers will offer accident forgiveness as part of your insurance policy. This endorsement will protect your premium when you have your first at-fault collision. This means that your premiums will not increase due to an insurance claim as long as you remain with the same insurer. Accident forgiveness can also be tacked on for an extra cost that you can opt to purchase if you aren’t yet considered an experienced driver.
Being a claims-free driver: Conclusion
It goes with no saying that remaining a claims-free driver has its benefits. You can save yourself tons of money every year and most importantly, keep you and those around you safe when on the road. If you have any questions when it comes to your insurance premiums, don’t hesitate to reach out to us at isure! We take pride in helping you find the best price for your situation. Contact us or request a quote today!
Believe it or not, your age plays a great factor Read more
With the cost of ca insurance premiums increasing, many might Read more
Car insurance is something that every driver needs, but choosing Read more
