Comprehensive Auto Insurance for Drivers
FCA is Canada’s Insurance Expert Since 1919
FCA has been providing Canadian families with their insurance needs since 1919. We have set the industry standard for turnaround time for both new and existing clients. We pride ourselves in ensuring our clients are receiving the best suite of coverages at a fair price.
While the primary influence on auto insurance premiums is always the driving history of the operators, there are a number of other significant influences on rates. Your residence postal code is perhaps the most significant, as auto rates vary from region to region depending on the history of claims incidence and frequency in the area in which the auto is garaged. Traffic density, proximity to highways, local demographics, and even intersection design in the area can impact the claims history in your area.
Insurers will also increase or decrease rates in an area to increase or decrease the amount of customers in a given area to ensure good spread of their risk. Weak investment returns will put pressure on premiums, as will increased overall claims experience. The Insurance Bureau of Canada is the entity that tracks claims experience for the various makes and models of vehicles, and they will increase or decrease the vehicle rate groups to reflect historical experience.
Premiums will increase if you use your vehicle for regular commuting, if you use it for your business, if you have underage (less than 25 years old) drivers in the household, or if you put a large number of kms on the vehicle regularly. Lower deductibles and increased limits will also increase your premiums. Certain vehicle makes and models will result in higher premiums, the cost of insurance doesn’t necessarily track well with vehicle values. Some vehicles see higher theft claims, some see higher injury rates in collisions.
While nothing will be as effective as maintaining a good driving record, there are some things you can do to help.
- Install winter tires
- Insuring your vehicles with the same insurer as your home will add a multi-policy discount, this may improve your premium, as might insuring all your vehicles with a single insurer
- Ensure that all young drivers take a ministry approved drivers education course
- Consider limiting which vehicles underage drivers may use by use of an excluded driver endorsement
- Ensure your broker is advised when you retire, if you are driving minimally, or if you will not operate one of your vehicles for an extended period.
- When purchasing a new vehicle, call your broker first so they can provide cost estimates for different options so you can factor that in to your buying decision
Carol, Feb 2019
Laura does the work to get us the best prices with the best coverage. Her yearly renewal visit is comprehensive to say the least, but when she leaves, we all understand the exact nature of each and every policy our business has.
Oliver, Mar 2018
Helen is super nice, knowledgeable, and quick. Our new policy is saving us $700/year, for a plan that’s actually better than the one our previous broker arranged.
Cam, Nov 2020
Jamie and his team have been great to deal with, providing transparent advice and excellent service!