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This video explains that "Full Coverage" car insurance is actually a combination of different coverages" that include auto liability coverage, medical expenses, collision coverage, transportation expense coverage, comprehensive coverage, and uninsured motorist coverage.

I put this video in the first place because I would like to give the viewers a brief idea of what coverages an auto insurance usually consists of and what they are going to individually cover when a car accident occurs. This short yet straight-to-point video is just right for the purpose. The video presents what an auto insurance will work for a car owner in a clear, concise manner. With the help of the video, the viewers are able to be equipped with the key information of the auto insurance in less one minute.

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Understanding Auto Insurance: What’s ‘Full Coverage’ Car Insurance?

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Video # 2 How to Choose Car Insurance Coverage

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Video # 2 How to Choose Car Insurance Coverage

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Video 2 focuses on illustrating how to choose an auto car insurance coverage for Ontario drivers only. We know that the auto insurance policy is province sensitive in Canada. In some provinces across Canada, it's the provincial government who runs their own auto insurance, for example, in Manitoba, whereas the auto insurance agencies or companies are independent of the government like Ontario. So, it's very important to acquire the information about the auto insurance for your own province.

I choose this video that particularly tells the types of car insurance mandatorily required by law in Ontario plus the optional insurance you can choose from that will benefit you and your family if you buy as well. I hope the peers in the class learn the information from the interesting video.

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Video #3 Canadian Auto Insurance Premium Explained

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Video #3 Canadian Auto Insurance Premium Explained

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This video is fantastic, and it answers the mostly asked questions with regard to the Canadian auto insurance in very plain words. It unveils the secret of how your insurance quote is calculated, and covers quite a bit of factors that are going to increase or decrease your auto insurance premium with details. Those rules apply to any auto insurance you will buy no matter where you live within Canada.

The video has been posted on my wall in the third place, for it thoroughly explains how an auto insurance quote is primarily generated as premium. I would like the viewers to dive deeper into the auto insurance at this stage, namely, to understand how much you are going to pay for your auto insurance in your case.

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Canadian Auto Insurance Premium Explained | Car Insurance Rates Explained Canada

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I'm going to cover the following points regarding auto insurance in my wall:

a. What coverages are usually included in auto insurance?

b. What factors do you need to consider about when you are purchasing an auto insurance for your car?

c. I also would like to share some tips and tricks when you are trying to get a good quote with an auto insurance broker.

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Website #1 15+ best home & car insurance companies in Ontario

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Website #1 15+ best home & car insurance companies in Ontario

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The website lists Top 15 best companies which are providing home and car insurance in Ontario according to the reviews on Google plus a few other criteria. With each company comes along a brief introduction about the company and their features, as well as what the average Google review rating is about.

The website has been added as website #1 because I would like people to know the auto insurance companies with good credits they can pick up from to purchase their auto insurance in Ontario. The company with good reviews or credits means that your insured coverage for your car can be guaranteed when you are unluckily in car accident.

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As president of KBD, Curtis aims to simplify insurance for his clients. He's helped lead KBD to become one of Canada's fastest 400 growing companies according to the Globe & Mail.

We're ranking the best home and auto insurance companies in Ontario based on customer satisfaction via Google & Trustpilot reviews. That way, you can find the best insurance company (and rate) for your house, car or business.

Getting the best insurance at the best rate is top of mind for most of our clients at KBD.

It's no surprise, really.

After all, who wouldn't want the best of the best?

So, to meet the demand, we're ranking the top insurance companies in Ontario based on customer reviews.

Why?

Because we all know that angry customers don't hold back. 🤷

This way, you'll get a more accurate picture of each insurance company, and be able to find the best one for your needs.

Skip ahead here to find the top three best-rated insurance companies in Ontario.

OR if you're ready for a quote with KBD (we're an Ontario home & auto insurance broker), you can do that too.

Jump ahead to get to the good stuff.

Top 3 best insurance companies in Ontario (according to Google)

In order for these insurance companies to make this list, they had to meet a few criteria:

Must be an insurance company (not a broker)

Must offer both home and auto insurance (so that you can bundle & save)

Must offer insurance in the province of Ontario

Must have Ontario-specific reviews

You can read more about our ranking factors below.

Consider these rankings as a starting point when choosing the best insurance company in Ontario for you.

Pro tip: Once you've narrowed down the companies you want to work with, be sure to check that they offer the kind of coverage you need.

This is because not all home and auto insurance companies offer specialty coverages.

For example, specialty coverages in Ontario include:

With that covered, we're jumping into the top three best-rated home and car insurance companies in Ontario.

1. Desjardins

According to Desjardins insurance reviews, the top-rated, most-reviewed insurance agency in Ontario has a score of 4.7.

With a solid provincial average rating of 4.3, Desjardins has landed in the top spot on this list. 🏆

They're a direct insurance company that offers both home and auto insurance throughout Ontario.

This is good news if you want to bundle your policies to save on your insurance rate.

They're also the second largest insurer in Canada on top of being a major financial institution.

2. Belairdirect

Wondering if Belairdirect is a good insurance company? The results are in. 👇

Belairdirect takes the silver, with a 4.2 average rating province-wide (across its different offices).

They've been around for over 70 years, and offer both home and auto insurance.

Belairdirect is owned by Intact Financial Corporation, but unlike Intact, it's a direct insurance company.

That means you can give them a call directly to get your car and house insurance in place.

3. The Co-operators

The Co-operators is a direct insurance company with a Canada-wide presence.

They have hundreds of agents in Ontario - the most out of the insurance companies on this list.

Since this company has so many offices, the Co-operators insurance reviews really vary on a case-by-case basis.

That said, their provincial average Google rating is 4, which is pretty respectable.

Notable mentions - other top home & car insurance companies in Ontario

It wouldn't be a competition without a few runners-up.

Here are 10+ additional best home and car insurance companies in Ontario to choose from.

They might not have met the top three rankings, but their customer satisfaction as home and auto insurers in Ontario isn't too shabby.

4. Allstate

Allstate is a direct home and auto insurance company that offers coverage Canada-wide.

They have a big presence in the province, with agencies in cities across Ontario.

Reviews vary quite a bit from office to office, so make sure to check the rankings on individual locations.

Their provincial average rating is 3.6 on Google reviews.

5. Intact Insurance

Intact is Canada's biggest insurance company.

They offer home and auto insurance exclusively through the insurance brokers they work with.

On that note, KBD works with Intact to provide car insurance to our Ontario clients.

Intact Insurance reviews bring the company's provincial average Google ratings to 3.3.

Looking for a quote from Intact?

Give the KBD Ontario office a call.

6. RBC Insurance

The Royal Bank of Canada is one of the biggest banks in Canada.

They're also one of the oldest - they've been around since 1864.

RBC also offers a range of insurance products, including home and auto.

Fun fact: Aviva insurance actually underwrites all of RBC Insurance.

RBC's insurance services have a provincial average Google review rating of 3.2.

You can go to their website for an RBC home and auto insurance quote.

7. The Personal

The Personal is a subsidiary company of Desjardins.

It's a direct insurance company that offers group insurance.

They offer home and car insurance through these packages, and have several offices in Ontario.

Their provincial average rating is 3.2.

8. TD Insurance

Like RBC, TD is another one of Canada's "big-five" banks.

As an insurance company, they offer a range of insurance products directly to their clients.

This includes home and car insurance.

9. Gore Mutual

According to their website, Gore Mutual has been around since the 1800s.

They offer home and car insurance through a broker model.

With only one office, their average provincial rating is 2.8.

10. Aviva

Aviva is another heritage insurance company.

It's been around since the 1800s, and offers house and car insurance through a broker model.

Their provincial average rating is 2.5.

11. Beneva

Beneva is a new direct insurance company that offers its products Canada-wide.

It's the result of a merger between SSQ and La Capitale in 2020.

As far as Google reviews, it doesn't have many yet.

We'll wait and see how they move up (or down) the list once they're more established in Ontario.

12. Economical

Economical insurance has a 2.4 average provincial rating according to Google reviews.

They work through a broker model - and KBD is on their roster.

13. CAA Insurance Ontario

CAA is well known for coming to the rescue when your car breaks down on the highway.

On top of their regular services, they've newly ventured into providing home and car insurance in Ontario.

Current CAA insurance reviews show a rating of 2.0 on Google, but we expect their rating to go up as they get more established.

14. Wawanesa

Wawanesa rounds up the list with an average Google rating of 2 across its Ontario offices.

They're a broker insurance company that provides home and auto insurance in Ontario.

Online home & auto insurance providers in Ontario

Sonnet and Square One didn't meet the ranking criteria we outlined above - but, they're still worth mentioning on this list of best insurance companies in Ontario.

They each have high ratings, and can be good options, particularly if you're looking for an online insurance service.

15. Square One Insurance

Square One is a direct home insurance company, with one office in downtown Toronto.

This insurance company is headquartered in British Columbia, and their provincial average rating is also 4.7.

In addition to home, they offer tenant and condo insurance.

The caveat is that they don't offer auto insurance in Ontario - so if you're looking for the best car insurance companies, Sonnet (or one of the previous options) could work for you.

16. Sonnet Insurance

Sonnet Insurance reviews have an average 4.1 rating out of 5 stars on Trustpilot.

They stand out in this list as an insurance company that operates 100% online.

If you like the convenience of doing everything online, these guys could be for you.

However, because of this, we had to measure their rating based on Trustpilot - not Google.

They're owned by Economical, which KBD works with.

KBD's ranking table for Ontario insurance companies

In Ontario, you can get insurance one of two ways: through a broker, or through a direct insurance company.

That's because you can contact some insurance companies directly to purchase your policy, while others only offer their products through brokers.

Here are some of the pros and cons of working with each.
#1. Direct insurance company:

If you already know which company you want to work with, you can get in touch with them directly

Direct insurance agents only sell products from one company - which means that they know their products inside and out

#2. Insurance broker model:

Access to insurance companies that work exclusively with brokers (Intact, for example)

The option to shop around with multiple companies to get the best price

It saves time (your insurance broker shops for you)

Personalized service; you speak with the same person each time

Brokers help process your insurance claims, and can negotiate for you if there's an issue

So, with that covered, here's KBD's ranking table of the top three insurance companies in Ontario, plus the runners-up.

We've included whether they're a direct or broker insurance company, so that you can choose the type of company that works best for you.

Pro tip: If an insurance company that works with brokers has poor reviews, but has the product you're looking for, find a broker (that has good ratings) that works with them.

Just a savvy little insurance tip for ya.

Best business insurance companies in Ontario

KBD is an Ontario home, car and business insurance broker.

Naturally, this blog wouldn't be complete without including the best commercial insurance companies in Ontario.

Before we get into it, keep in mind that business insurance is super specialized.

Finding the "best" business insurance will depend on which company can cover you based on a number of factors.

This includes things like:

That means that each business will need different insurance protections.

You can check out this video, where we get into different insurance coverages in more detail.

Make sense? Good. 🤓
You can also take a look at our post on commercial insurance costs in Ontario for a full guide to business insurance rates - or give us .
Now that you know which coverages to get, let's look at the Ontario commercial insurance companies that you can work with.

For business insurance, you can go with one of the following companies that made our top insurance companies in Ontario list.

OR if you're looking for cyber, high risk, or other industry-specific insurance, you can go with one of the following insurance providers that KBD works with.

#1. Lloyd's

Lloyd's is based in London, England, and is one of the largest insurance companies in the world.

They specialize in insuring businesses that other companies don't want to touch - meaning "high risk" businesses.

For example, they insure mining and lumber operations.

You can learn more about Lloyd's insurance here.

#2. CFC Underwriting

Also based in the UK, CFC Underwriting specializes in insurance for online businesses.

Their coverage options include cyber liability, professional liability, and more.

So, if you run an IT startup, this is the company to go with.

You can learn more about how to get CFC Underwriting for Ontario businesses here.

Federated insurance started in Minnesota and has been around since the late 1800s.

Its Canadian headquarters are based in Winnipeg, and the company offers commercial insurance.

They specialize in coverage for restaurants, construction businesses, auto body businesses, and more.

If you're interested in working with Federated Insurance, give KBD a call.

How we compiled this list - top Ontario insurance companies rankings

If you're getting on board with a new insurance company, you generally want to know that it's reputable, has a good claims history, and fair pricing.

But it's a tough category to rank because there is no single or insurance company in Ontario.

That's because:

1. Every customer has a different risk profile

2. No two insurance companies view the same client the same way - and some prefer certain profiles over others

3. Insurance prices are always fluctuating, so ranking a company the "the best" based on its current prices is inaccurate

And when it comes to finding the cheapest insurance in Ontario, here are our thoughts:

So, how do you decide which Ontario insurance company to go with?

Well, as with all things insurance-related, it's more about finding the best and cheapest insurance for you - since everyone has different needs when it comes to insurance coverage.

In this post, we ranked the top 3 insurance companies in Ontario based on how happy their customers have been with claims payouts, customer service, and pricing.

So, how did we check this?

With trusty Google reviews, that's how. 😉

And we think this is the most accurate way of organizing the rankings, because:

1. People don't hold back with their reviews, and you can get first-hand accounts of what it's actually like to work with a particular insurance company

2. You can see which companies fit what you're looking for, and shop around accordingly

We've averaged out the Google ratings of each of the insurance offices Ontario-wide to get an idea of how happy customers are with each company.

And since customer satisfaction can also change from location to location, we also took a look at the ratings of the branches with the most reviews and opinions.

How KBD stacks up against the competition

Technically KBD is an insurance broker, not an insurance company.

But in the spirit of competition, we're including our own stats.

Who knows, maybe next time we'll write a post ranking Ontario's best insurance brokers. 😉

BUT for the record, KBD has a 4.8 rating, with over 600 reviews on Google.

We plan on keeping up the trend in Ontario, where we provide home, auto and business insurance.

Note: Some insurance companies might have low ratings on Google, but if you work with them through a broker, you could get a much better experience (depending on the broker of course).

Now that we're done patting ourselves on the back, you can give the Ontario home and auto insurance brokers at KBD a call today.

Wrap-up

So, you've seen the ratings. Let's do a quick recap on what you should remember.

First things first, there is no single "best" insurance company in Ontario.

Insurance is a personalized service, so it's all about finding the best home and auto insurance coverage for YOU.

But how do you do this, again?

Keep the following steps in mind, and you'll be well on your way to finding the best Ontario insurance company for your needs.

1. Consider the type of insurance you need

2. Find companies that offer that type of coverage

3. Check out their Google reviews to get honest opinions of their service

4. Shop around for multiple quotes (a broker like KBD can help you with this)

5. Decide on a company or broker and purchase your insurance

6. Remember to shop around each year to get the best rate

Ready for a home and auto insurance quote in Ontario?

Find the best Ontario insurance company for your needs - whether you're looking for home, auto, or commercial insurance.

Just give us a call.

Get to know KBD on social media. We're up to some cool stuff. YouTube, Instagram, TikTok

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15+ best home & car insurance companies in Ontario (according to your reviews) - KBD Insurance

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Find the best home and auto insurance companies in Ontario for you based on customer satisfaction via Google & Trustpilot reviews.

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This website is where you can compare and get the lowest rate possibly for your auto insurance in your province within Canada. It's easy and simple to start with by just filling out your post code in the box on the website and clicking "Get Started". Then you continue to fill in the forms with your information and the data about your car that you are going to insure in the next pages as you walk through. Finally you will get a rough code and get it into your email address you have provided.

I introduce this website because you can get a very good auto insurance quote with a professional auto insurance broker through the website. As you get a code with an email, there will be a broker calling you up shortly later where you can discuss with him/her about your auto insurance. The code still can be negotiable before you get the finalized one with them. Of course, you don't need to buy any quote with them neither if you don't like any of them.

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1. We'll need your postal code, driving experience and vehicle information.

2. Get 30+ car insurance quotes in just 3 minutes.

3. Talk to an insurance broker to confirm the details of your quote.

4. Purchase a policy from your chosen insurance company when speaking to the broker.

5. Just like that.

Get Started

Compare car insurance quotes online
to get the lowest rates

Looking for the best rates on car insurance? You've come to the right place. At LowestRates.ca, we'll help you compare the most competitive offers from Canada's leading auto insurance companies. You'll get the policy that suits you best while saving time and money.

Just fill out our insurance form and click 'Compare' to find your quotes. Auto insurance rates for the same driver with the same car can vary wildly between insurance companies, which is why comparing rates is the only way to get the best deal.

How do I find the cheapest auto insurance rates?

Online quote comparison sites like LowestRates.ca make it simple - just fill out our auto insurance form with your driver details (postal code, driving experience, vehicle make and model, etc.), and then we'll find and rank the cheapest auto insurance rates available to you.

Once you've selected your quote, you'll be able to speak directly with an insurance broker who'll help you lock in your rate with the insurance company and get set up with your new policy. Shopping for car insurance has never been quicker or easier.

What can I do to get cheap car insurance?

It's easy - if you know how. Here are some of the best ways to lower your auto insurance premiums:

We'll show you the most competitive rates from all the top insurers. Now you can compare quotes all in one place.

Avoiding extra frills in your policy and paying for only the coverage you need will lower your premiums.

It's true - your driving record impacts your rate. Fewer infractions and fines equals cheaper insurance.

Prompt payments can save you money on late fees and lower your premiums. Insurers love a good customer.

Adding a house, motorcycle, RV, or other type of insurance policy to your car insurance plan can lower your rates.

Safety features like winter tires and alarm systems can help reduce your insurance premium.

Most auto insurance companies give special discounts to customers who stay with them for a number of years.

A defensive driving course makes you a better driver and can significantly reduce your car insurance premiums.

The math is clear: more experience on the road equals lower car insurance premiums.

Where you drive affects your premiums. Some areas are associated with higher car accident and theft rates.

Cars with high crash-test scores, low theft ratings, and less powerful engines tend to have cheaper insurance rates.

Types of auto insurance coverage

Getting the best auto insurance policy isn't just about the lowest price. It's also about finding the right coverage, so you'll be financially protected if you get into an accident.

Here are the categories of coverage available in Canada:

This insurance is required by law throughout Canada. It covers the costs associated with damages caused to another person or vehicle in an accident, including medical bills, rehabilitation, lost earnings, legal fees, and other expenses up to the limit of your policy. As a practical matter, you'll want enough insurance to cover a judgment against you in a major accident so that your personal assets won't be put at risk.

ERS insurance provides you with roadside assistance in the event of a breakdown or mishap while you're out driving. It also covers the cost of getting your car back on the road. Those costs may include light mechanical labour, an oil or gas delivery, new batteries, a boost, tire changes, locksmith services, or even a tow. With help on the way, ERS takes the stress out of a breakdown.

This type of auto insurance covers damages resulting from incidents that aren't related to car accidents or collisions. Comprehensive coverage often includes hazards like extreme weather, vandalism, falling objects, fire, theft, and flooding.

Collision insurance covers damage to your car in the event of a vehicle rollover or a collision with another vehicle or object. If your car is totalled, collision insurance will pay the cost of replacing it.

Uninsured motorist coverage

Covers costs related to your injury or death after an accident caused by another driver who's either uninsured or unidentified, as in the case of a hit-and-run driver. Keep in mind that this coverage only pays for damage to your vehicle if the uninsured driver is also identified.

Direct compensation property damage

Available only in New Brunswick, Nova Scotia, Ontario, and Quebec, DCPD covers your car for losses and damages after an accident that you weren't entirely responsible for. But the other driver has to be identified, insured, and found to be at least partially at fault.

Provides protection for you against all types of perils except those specifically excluded from your policy.

Accidents benefits coverage

Provides you with medical care and income replacement benefits if you're injured in a car accident.

Deal with your own insurer regardless of who's at fault in an accident. With no-fault insurance, you don't have to pursue the other driver's insurance provider to get compensation. Your insurer will pay for your benefits, so your medical bills get covered and you can get back on the road.

This type of auto insurance only covers the perils named in your policy, and it generally includes commonly occurring hazards such as fire, theft, hail, and windstorms. Specified perils is often purchased as a cheaper alternative to comprehensive insurance.

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Compare the best auto insurance rates in Canada

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We'll need your postal code, driving experience and vehicle information. Get 30+ car insurance quotes in just 3 minutes. Talk to an insurance broker to confirm the details of your quote. Purchase a policy from your chosen insurance company when speaking to the broker. Just like that.

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Website #3 What is not covered by your auto insurance

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Website #3 What is not covered by your auto insurance

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The website tells you in what situation or circumstances your auto insurance will not cover the repairs or damages related to your car. The information provided by Financial Services Regulatory Authority of Ontario explicitly illustrates the cases such as mechanic failure or breakdown, rusting, wear and tear, etc. that are not covered by the auto insurance policy unless you purchase special coverage like collision. It also gives other details or examples that are excluded to the auto insurance.

The website has been included in my wall because I would like the people who are going to buy auto insurance keep the information in their mind when they consider about choosing an auto insurance. If they want those costs covered by their auto insurance, they need to buy extra relevant insurance policies, for the regular auto insurance does not cover them.

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What did you learn about your topic that surprised you the most?

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What did you learn about your topic that surprised you the most?

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Auto insurance premium can vary greatly on different drivers, and if we know the tips about how we can cut down the cost, then we can get a very good quote for our own auto insurance, which helps us save a deal of money every year.

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If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

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If you could pass on your knowledge to a family member or friend, what do you think is the most important thing to pass on?

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First, you need to know the basic knowledge about the auto insurance policy, and then you collect your own data about yourself and the car that you are going to insure. Last but not least, it's a good idea to know the best tips to lower the auto insurance premium. When you're ready, make a plan, for example, what auto insurance policy you are interested in purchasing for your car based on your own case and contact a professional auto insurance broker to get started!

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Video #4 Cheap Car Insurance Money Saving Tips

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Video #4 Cheap Car Insurance Money Saving Tips

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I'm eager to share the last video with the viewers as we come along here. This video is awesome that it gives 9 smart tips to help save the car insurance for the drivers, especially for the new or inexperienced drivers on the road. Those tips are very practical and cover the most of cases such as keeping a clean driving record, professional group insurance, combining auto insurance with home or other insurance, to pay as you go, etc. I bet that you can get one or more tips for sure to help lower your auto insurance.

As the last video, I would like to use it as a take-away bonus for the viewers. I hope that people not only understand the components of the auto insurance and how it's calculated from the previous videos, they also know how to make a good quote from video #4 in the end.

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Cheap Car Insurance Money Saving Tips | 9 WAYS TO SAVE

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Website #4 15 Tips and Ideas for Cutting Car Insurance Costs

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Website #4 15 Tips and Ideas for Cutting Car Insurance Costs

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Again, the website includes all possible best ideas about cutting down your auto insurance. I would like to emphasize those tips for the viewers here and remind them of how to make a plan and get a good quote for their auto insurance. Auto insurance is an unescapable, very expensive expense when you drive on the road, so it's a good idea for each Canadian driver to get one quote as lowest as possible.

I include the website because I would like people to review the tips for getting a lower auto insurance by browsing through the website, and get their own plan ahead of time before finalizing a good auto insurance premium according to their own scenario.

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Due to the litigious nature of our society and the increasing prices of vehicles, car insurance rates are on the rise across the country. The bad news is that insurance isn't likely to come down in price anytime soon. The good news is that there are things you can do to minimize increases or reduce the burden on your wallet.

Key Takeaways

1. Multiple Cars and/or Drivers May Save Money

If you obtain a quote from an auto insurance company to insure a single vehicle, you might end up with a higher quote per vehicle than if you inquired about insuring several drivers or vehicles with that company. Insurance companies will offer what amounts to a bulk rate because they want your business. Under some circumstances they are willing to give you a deal if it means you'll bring in more of it.

Ask your insurance agent to see if you qualify. Generally speaking, multiple drivers must live at the same residence and be related by blood or by marriage. Two unrelated people may also be able to obtain a discount; however, they usually must jointly own the vehicle.

If one of your drivers is a teen, you can expect to pay more to insure them. However, if your child's grades are a B average or above or if they rank in the top 20% of the class, you may be able to get a good student discount on the coverage, which generally lasts until your child turns 25. These discounts can range from as little as 1% to as much as 39%, so be sure to show proof to your insurance agent that your teen is a good student.

Incidentally, some companies may also provide an auto insurance discount if you maintain other policies with the firm, such as homeowners insurance. Allstate, for example, offers a 10% car insurance discount and a 25% homeowners insurance discount when you bundle them together, so check to see if such discounts are available and applicable.﻿﻿

2. Mindful Driving Cuts Costs

In other words, be a safe driver. This should go without saying, but in today's age of increasing in-car distractions, this bears mentioning as much as possible. The more mindful you are, the more accidents or moving violations you'll be able to avoid-events that raise your insurance rates. Travelers offers safe driver discounts of between 10% and 23%, depending on your driving record.﻿﻿

For those unaware, points are typically assessed to a driver for moving violations, and more points can lead to higher insurance premiums (all else being equal).

3. Take a Defensive Driving Course

Sometimes insurance companies will provide a discount for those who complete an approved defensive driving course. Drivers may also be able to reduce the number of points they have on their licenses by taking a defensive driving, accident prevention, or other course.

Make sure to ask your agent/insurance company about this discount before you sign up for a class. After all, it's important that the effort being expended and the cost of the course translate into a big enough insurance savings. It's also important that the driver sign up for an accredited course. Every state has its own rules about accredited defensive driving courses, and GEICO allows you to check what they are by state on its website.﻿﻿

4. Shop Around for Better Premiums

If your policy is about to renew and the annual premium has gone up markedly, consider shopping around and obtaining quotes from competing companies. Also, every year or two it probably makes sense to obtain quotes from other companies, just in case there is a lower rate out there.

Remember, cheap doesn't always mean good, and going with the lower-priced company isn't always the wisest decision. That's because the insurer's creditworthiness should also be considered. After all, what good is a policy if the company doesn't have the wherewithal to pay an insurance claim?

To run a check on a particular insurer, consider checking out a site that rates the financial strength of insurance companies. The financial strength of your insurance company is important, but what your contract covers is also important, so make sure you understand it. Insure.com's site bases its insurance company ratings on data assembled by Standard and Poor's.﻿﻿

5. Use Mass Transit

When you sign up for insurance, the company will generally start with a questionnaire. Among the questions it asks might be the number of miles you drive the insured automobile per year.

If you use your vehicle to commute three hours to work every day, you will generally pay more in insurance premiums than someone who only drives one mile a day. If possible, try to use mass transit to rack up fewer miles, keeping in mind that you will usually have to decrease your mileage significantly before incurring a discount. Ask your insurance company about the company's different mileage thresholds, so your efforts won't be wasted.

6. Larger Cars Cost More

Buying a huge SUV may sound exciting, but insuring a 5,000-pound, top-of-the-line vehicle can be more expensive than insuring a small (but safe) lower-cost commuter car. Some insurers will offer a discount if you buy a hybrid or an alternative fuel vehicle. Farmers, for example, offers a 5% discount.﻿﻿

You can feel good about protecting the environment and save money on insurance at the same time. Find out the exact rates to insure the different vehicles you're considering before making a purchase.

7. Increase Your Deductibles

When selecting car insurance, you can typically choose a deductible, which is the amount of money you would have to pay before insurance picks up the tab in the event of an accident, theft, or other types of damage to the vehicle. Depending on the policy, deductibles typically range from $250 to $1,000. The catch is that, generally speaking, the lower the deductible, the higher the annual premium.

Conversely, the higher the deductible, the lower the premium. Ask your agent how your premium might be affected if you raised your deductible. It may make the annual premium better by several percentage points and put some money back in your pocket, or the savings may be minimal. If you are reluctant to file smaller claims to avoid the risk of pushing up your premium, raising the deductible may be a particularly sensible move.

8. Improve Your Credit Rating

A driver's record is obviously a big factor in determining auto insurance costs. After all, it makes sense that a driver who has been in a lot of accidents could cost the insurance company a lot of money. However, folks are sometimes surprised to find that insurance companies may also consider credit ratings when determining insurance premiums.

Why is your credit rating considered? Michael Barry, senior vice president and head of media relations of the Insurance Information Institute, puts it this way:

"Many insurers use credit-based insurance scores. It's a contentious issue in certain statehouses...[but] insurers will say their studies show that if you're responsible in your personal life, you're less likely to file claims."

Regardless of whether that's true, be aware that your credit rating can be a factor in figuring insurance premiums, and do your utmost to keep it high.

9. Location May Increase Costs

It's unlikely that you will move to a different state simply because it has lower car insurance rates. However, when planning a move, the potential change in your car insurance rate is something you will want to factor into your budget.

10. Review Comprehensive Coverage

Dropping certain types of coverage can be a slippery slope. After all, nobody can predict if or when an accident will occur. However, if you are driving an extremely old automobile that's on its last legs, it may make sense (depending on the cost, your driving record, and other factors) to drop collision or comprehensive coverage. The reason for this is that were the vehicle to be involved in an accident, the insurance company would likely total the car. If the value of the car is only $1,000 and the collision coverage costs $500 per year, it may not make sense to buy it.

11. Discounts for Anti-Theft Device

Individuals have the potential to lower their annual premiums if they install anti-theft devices. GEICO, for example, offers a "potential savings" of 25% if you have an anti-theft system in your car.﻿﻿

Your insurance company should be able to tell you specifically which devices, when installed, can lower premiums. Car alarms and LoJacks are two types of devices you might want to inquire about.

If your primary motivation for installing an anti-theft device is to lower your insurance premium, consider whether the cost of adding the device will result in a significant enough savings to be worth the trouble and expense.

12. Speak to Your Agent

It's important to note that there may be other cost savings to be had in addition to the ones described in this article. In fact, that's why it often makes sense to ask if there are any special discounts the company offers, such as for military personnel or employees of a certain company. You never know what sort of discount pricing might be available for your circumstances.

13. Pay-as-You-Go Insurance

If you're a safe, low-mileage driver, a usage-based insurance program (also known as black box insurance) may be available to you, such as Allstate's Drivewise,﻿﻿ Progressive's Snapshot,﻿﻿ or State Farm's Drive Safe & Save.﻿﻿ By signing up for these programs, you let your insurer track your driving through a telemetric device installed in your car in exchange for possible discounts based on how much you drive, when you drive, and how well you drive. If you drive fewer than 10,000 miles a year, you might be able to save money with this type of program.

14. Research Additional Discounts

Insurers provide a variety of discounts. Check for discounts such as these:

Offers to let you pay the entire annual or six-month premium at once

Agreements to receive e-bills and documentation

Memberships in particular organizations or groups that offer discounts

Don't be swayed by a long list of possible discounts. Compare both discount and regular prices from multiple insurers.

15. Coverage You May Not Need

You may not need all the bells and whistles in a policy, such as roadside assistance and car rental coverage. Go over your insurance policy line by line and ask about removing anything you don't need.

The Bottom Line

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Learn 15 Tips and Ideas for Cutting Car Insurance Costs

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Due to the litigious nature of our society and the increasing prices of vehicles, car insurance rates are on the rise across the country. The bad news is that insurance isn't likely to come down in price anytime soon. The good news is that there are things you can do to minimize increases or reduce the burden on your wallet.

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The photo above clearly shows how the auto insurance system runs in each province across Canada: some of them are public, which means the provincial government provides the auto insurance system, some are totally run by private insurance companies while others are a mixed-up system like Quebec and Saskatchewan.

I chose this photo because I would like to present a general view of auto insurance systems Canada wide, which helps people know how to purchase their auto insurance when they move across different provinces.

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Provide a real-life example of how this topic is relevant or interesting for you.

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I purchased my own Nissan insurance on my own by using the lowestrate.ca, a website that you can create your own quote based on the data about your car, your personal information as well as other factors. Through the website, you can contact a professional auto insurance broker who can help you get the lowest quote in your situation. I really like this experience and that's why I would like to choose this topic and share with peers here.

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Image #2 Seven types of car insurance in Ontario

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Image #2 Seven types of car insurance in Ontario

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This photo explicitly illustrates 7 types of car insurance policies we can buy in Ontario. Some of them are mandatory to purchase that include third-party liability, accidents benefits, uninsured automobile, and DCPD which is Direct Compensation Property Damage. The rest of three are optional that cover other specific situations in an car accident if you pay for any of them. You can watch my videos on the wall for the details of each insurance policy.

I attach the photo on my wall because I would like the readers to know exactly what auto insurance policy they must buy and may choose from for their car in Ontario.