Average Car Insurance Premiums

Monday, November 26, 2012

There are different car insurance premiums paid by motorists across Canada. The country has provinces with different car insurance premiums. It can be noted that current car premium statistics are indicative that Ontario is the province with the highest premium rates while Prince Edward Island has the least premium rates.

It is interesting that these premium rates change from province to province. This information is therefore good for any motorist in Canada to have a glimpse of information concerning car premiums in the country.

This is because the statistics will give the motorist an opportunity to see what is expected to be paid as a car premium in his or her home area comparative to the rest of the country.

According to current statistics, Canadian provinces can be ranked in the following order based on the car premiums starting with the one with the highest to the one with the lowest;

  1. Ontario
  2. Alberta
  3. New Brunswick
  4. British Columbia
  5. Saskatchewan
  6. Manitoba
  7. Nova Scotia
  8. Québec
  9. New Found land Labrador
  10. Prince Edward Island

These statistics show that there are provinces with quite high car premium rates while others have low rates. On average, you can expect to pay a thousand dollars per year to be insured for car insurance  across Canada.

It is also good to note that there are several different rules applied on the car premiums in different Canadian provinces. Looking at the specific provincial rules governing car insurance in general is very important. If you are considering moving to a different location within Canada, then make sure that you know the questions that you need to ask to when looking at car insurance.  Also, make sure that you have appropriate paperwork to help in getting you the best premium.  (Such as driver’s records, abstracts etc).