Automobile insurances are not all the same. The rate is often affected by a variety of factors, including your driving record, city of residence, and credit score, so do your research before committing. Read on to discover what you have to know to purchase the best car insurance.

The Types of Automobile Insurance

There are two kinds of insurance coverage: mandatory and optional. The mandatory and optional features, however, differ significantly by province, so check with yours. Recognize your coverage options.

The Factors That Influence a Car Insurance

Insurance companies set their rates differently. Premiums differ from one company to the next, and may even depend on who their client is. In short, insurance companies collect data to determine your risk and likelihood of filing a claim. A variety of factors have an impact, while others have no impact.

Higher Car Insurance:

  • Driving History and Record
  • On your driving record, you may have citations, accidents, and demerits. They all have an impact on how much insurance you pay – the more tickets you have, the riskier you are to cover.

  • Frequency of Driving
  • As you drive more, your rates will rise. Why? Increased driving time increases the likelihood of collisions and infractions.

  • Change of address
  • Rates vary by postal code, so double-check ahead of time. Moving from a small town with low crime rates to a large city may result in an increase in crime. A busier city means more traffic, which increases the chances of a fender bender.

Lower Car Insurance:

  • Training
  • Driver's education lowers insurance costs. Your insurer sees you as a proactive driver who is committed to improving, which may result in a rate reduction. It also teaches defensive driving techniques, which can help save lives. Win-Win.

  • Safety Measures
  • The higher the risk and cost of settlement, the higher the cost of insurance. It's something to think about when buying a car. Its low theft rate, strong security, and robust safety features may all contribute to a reduction in your premium.

  • Credit History
  • Most Canadians are unaware that credit scores can be used by insurance companies to determine an individual's rate. The majority of provinces, with the exception of Ontario and Newfoundland and Labrador, can use your score to determine risk. Credit improvement equates to lower risk and (potentially) lower premiums.

Suggestions for Lowering Your Auto Insurance Premium

  • Keep a spotless driving record: Lower payouts result from fewer claims, and your insurer may compensate you with additional savings.
  • Ask for a discount: Insurance companies may grant some wiggle room, but only at the expense of raising deductibles or changing coverage.
  • Compare rates: To ensure you're getting the best deal, use a site like or You can compare rates from a number of reputable auto insurance providers and select the best option for you.
  • Get a bundle promo: Insurance companies like Sonnet offer discounts to customers who combine their home and auto insurance policies. In exchange for additional business, companies typically offer a multi-policy discount.
  • Pay annually: Not only does an annual plan allow you to pay once and forget about it, but it also allows you to save money.
  • Increase your deductible: A higher deductible lowers your premium rate, but you will have to pay a higher deductible if you are in an accident.


While buying and driving a car may seem fun and thrilling, having your own vehicle takes a lot of responsibility. So before you have your fun, make sure you protect yourself and your assets. This way, you can feel safe. Simply talk to your insurance provider to help you get the best deal for you!

Are you in need of car insurance in Lethbridge? Schwartz Reliance is a team of professionals that offers the services you need for coverage of your home, vehicle, business, property, and more. Give us a call today!