How You Use The Vehicle: The way you drive your vehicle, how often and your driving habits can all play a role in your insurance rate.

Your Postal Code: The more populated, urban areas in London often have a higher claim rate than rural parts. Urban residents can likely expect to pay a higher premium based on their postal code.

Your Age And Sex: It generally follows that older people have had more years of opportunity to learn proper driving habits. Men under 25 are also statistically more prone to crashes than women of the same age, and generally receive higher premiums, but generally evens out after turning 25 years old.

Your Vehicle: Aside from the make, model, and year of your vehicle, frequency of theft and safety rating. Certain types of vehicles tend to be a higher risk, as they are shown to be involved in more accidents than others.

Distance Travelled: The more you’re on the road, the more likely you are to get in an accident. Those who drive more will pay more than those who commute less often.

Your Driving History: If you have had a lot of traffic tickets or major accidents in your time, auto insurance will be much more expensive for you when compared to others with a clean driving record.

As a driver, you need an auto insurance policy that covers both liability and physical damages. If you are found to be at-fault in an accident (especially one where another person is injured), liability coverage can pay for any legal fees as well as medical compensation. Damage coverage helps pay for repair and replacement costs of your vehicle, as well as other physical property costs. As a driver, you need to ensure that you keep your policy updated because if you are driving outside your policy limits, your coverage claim may be denied. 

London, Ontario has over 70 different neighbourhoods, each having their own average auto insurance rates. Here are a few of the most populated neighbourhoods in London, Ontario: 
 

• Glanworth 

• • Located in southeast London 
  • Major intersection – Glanworth and Highbury 

• Westmount 

• • Located in west London 
  • Major intersection – Commissioners and Wonderland 
  • Landmarks – Reservoir Park, Westmount Lions Park 

• Downtown 

• • Located in central London 
  • Major intersection – Horton and Wellington 

• Medway 

• • Located in north London 
  • Major intersection – Sarnia and Wonderland 
  • Landmarks – Western University 

• Huron Heights 

• • Located in northeast London 
  • Major intersection – Huron and Highbury 
  • Landmarks – Fanshawe College 

• Lambeth 

• • Located in southwest London 
  • Major intersection – Main and Colonel Talbot 

• Hamilton Rd 

• • Located in central/east London 
  • Major intersection – Hamilton and Highbury 
  • Landmarks – Vauxhall Park 

• Westminster 

• • Located just south of central London 
  • Major intersection – Southdale and Adelaide 
  • Landmarks – Westminster Ponds 

• Airport 

• • Located in northeast London 
  • Major intersection – Oxford and Veterans Memorial Pkwy 
  • Landmarks – London International Airport 

• Carling 

• • Located just north of downtown London 
  • Major intersection – Oxford and Quebec 

Auto insurance rates are extremely personal, heavily based on many specific traits and driving habits. Although, some of the most expensive auto insurance premiums belong to drivers in the N5Y postal code (Carling and Huron Heights). You can lower your auto insurance by bundling both home and auto with isure! 

The northwest region of London is home not only to the Masonville mall, but also residents with the lowest insurance premiums. Based on statistics, the residents in this region are less likely to file an insurance claim compared to other regions. 

Your monthly insurance cost is determined by a complex number of considerations. The more likely you are statistically to file an insurance claim, the higher your insurance rate will be. Check out these common factors that determine the amount of your insurance quote: 
 

• Age: If you are a younger, more inexperienced driver, you will likely have a higher insurance rate. Combat this by taking a driving course and obtaining your full G license.  
• Driving history: How is your driving record? Expect higher insurance rates if you are a driver who has traffic violation tickets or accident history.  

• How often you drive: If you spend a lot of time driving on the roads, you are probably more likely to be involved in an accident than an occasional driver. Make sure you update your policy based on how much you drive to ensure your claim is not denied.  

There is no way to tell when or if London auto insurance premiums will increase or not. You can do your part in keeping your own cost low by driving carefully, maintaining a great driving record, paying your insurance on time, and taking advantage of offered discounts.

Not quite. When you own your vehicle, your insurance rate won’t change. That being said, owning your car as opposed to renting may free you up to other insurance options, some of which could be cheaper.

To get started with your London auto insurance, get a quote with isure today! We shop rates from over 25 different providers. Once we gather the number of rates, you are able to choose the rate which best suits your driving needs.