Infiniti car insurance

Factors that affect Infiniti car insurance costs

Calculating insurance costs can be tricky. Insurance companies take into account a variety of factors, some you can control—like your driving record and Infiniti model—and some you can’t, such as your age, gender, and location. Plus, not all insurers weigh these factors the same way, which is why car insurance quotes from different companies are rarely the same.

That’s why it’s important to shop around and get multiple quotes to find the best Infiniti car insurance rate—and BrokerLink can help with that! Here are some of the most common factors that impact how much Infiniti drivers will pay for Infiniti car insurance:

Make and model

One of the most obvious factors that affects car insurance rates in Canada is the make, model, and year of your vehicle. In general, the more expensive your car, the higher your insurance costs will be. This is because repairs and parts for luxury vehicles tend to be more expensive. Since Infiniti is a luxury brand, most of its models are pricier to insure. However, there can be a big difference in cost between models. For example, insuring a 2022 Q50 might be cheaper than insuring a 2022 QX80, which costs almost double the price of the Q50.

Location

When calculating your insurance premium, the insurance company will ask for your address. This helps them determine where you'll be driving your Infiniti. Drivers in busy cities like Toronto, Montreal, or Vancouver usually pay more for insurance. With more traffic and higher accident risks, especially during rush hour, insurance costs tend to be higher in these areas. On the other hand, if you live in a more rural part of Canada, your insurance might be cheaper. And if you’re in an area prone to climate-related events, like heavy snow or flooding, that could also impact your premium.

Driving experience

Driving experience is another key factor in determining insurance premiums. Generally, the more experience you have, the lower your rates are likely to be. Young drivers typically face higher premiums because they have little to no experience on the road.

Age

Age also plays a big role in determining car insurance premiums. As we mentioned, young drivers usually pay the most because they have less experience behind the wheel. On the other hand, seniors, despite having decades of driving experience, may also face higher premiums. Data shows that drivers over 60 are statistically more likely to be involved in accidents, which can sometimes drive up their insurance rates.

Driving record

Lastly, an insurance provider will want to check your driving record to assess your risk level. The cleaner your record, the more responsible and safe driver you appear, which can help lower your rates. On the other hand, if your record includes speeding tickets, DUIs, or accidents, you might be seen as a higher-risk driver, which could lead to higher insurance costs.