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Georgetown Car Insurance Quote

What is required by Law?

Georgetown Mandatory Auto Insurance

In Georgetown, you are required to have an auto insurance policy if you drive. Fines for not having valid insurance in Georgetown can be up to $5,000. The following coverages are mandatory at all times:

The Future of Georgetown Auto Insurance

Car Insurance Prediction

cheapest auto insurance quotes
Great Rates compared to the Greater Toronto Areas

Auto insurance rates are becoming very expensive in Ontario. As you get into the Greater Toronto Areas, you begin to see rates climb drastically. Luckily for Georgetown residents, auto insurance rates are still fair and that is all thanks to your fantastic community! 

The Accident Waiver is a very inexpensive option that offers the policyholder tremendous value. As the name states, it waives the first at fault accident. 

How Do Auto Insurance Rates Work?

Auto insurance rates are created by professionals who measure risk called Actuaries. These professionals look at all the past claims in a given city, review their loss ratios (Claim payouts vs premiums coming in) and revise premiums accordingly. 

If a city has had more claim payouts than premiums earned, than the actuary will increase premiums in that city. 

What that means for Georgetown

Residents of Georgetown obviously have a much better claims ratio and for that reason pay less insurance premiums than cities such as Markham. This is likely due to density as well as a lesser amount of fraud. Big cities often see a lot more fraud than the smaller communities which lead to much higher loss ratios. 

Weather you are a new Georgetown resident or someone who has lived in the area for many years, its always a good idea to see which auto insurance company offers the best rate for your specific postal code. Your insurance rate will depend on your personal driving record as well as any additional driver you would like to add. The more accidents and tickets you have, the higher your premium.

How To Lower your Auto Insurance Rate

The best way to lower your auto insurance rate is to bundle it with your Georgetown home insurance. Insurance companies always offer a large discount (15%-20%) for connecting your home and auto policies together. But what if you do not own a home? We can create a small tenant insurance policy if you are currently renting and that will make you eligible for the multi-policy discount. 

Top Three Reasons

Why Your Georgetown Car Insurance Is So High

Many factors affect your Georgetown auto insurance rate, but these three have the most weight.

01

Address

Your address is the biggest factor that will affect your auto insurance in Georgetown. Luckily, Georgetown has great insurance rates.

02

Claims

If you have an at-fault claim on your record, your insurance rate will be higher. At-fault accidents are rated for six years. 

03

Vehicle

The vehicle will have an impact on your auto insurance rates. Brand new, luxury vehicles may cost more to fix and can increase insurance rates. 

Lets Reduce Your Georgetown Auto Insurance

Georgetown auto insurance rates are rising every year. Now more than ever is a great time to shop around! 

Below you will find three more ways on how you can save some money on your Georgetown car insurance.

Find the best Georgetown Insurance Rates Today!

Whether you are adding a vehicle to an existing policy or would like to simply review your renewal, it will be the quickest quote you do! 

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We have been providing auto insurance quotes across the entire province. Are you looking to move somewhere outside of Georgetown? Get the best auto insurance quote in your city! View our service areas below! 

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