Car Insurance in New Glasgow

Factors your New Glasgow car insurance company uses to determine your rates

Insurance companies in New Glasgow consider a wide range of factors when calculating premiums. From a driver’s age and marital status to their claims history, driving record, and the type of vehicle they drive, even the smallest details can impact how much you pay for auto insurance.

New Glasgow drivers might find it useful to learn about the most common factors impacting insurance premiums in Nova Scotia, so we’ve compiled the list below.

Where you live

Where you drive plays a big role in how much you pay for car insurance. While your rates may not be as high as they would be if you lived in a major city like Halifax, your insurance company will still factor in traffic conditions and claim rates in New Glasgow.

In contrast, if you lived in a more rural area, your rates may be lower since there's less traffic around, which means less of a chance of being in an accident.

Insurance companies also consider extreme weather risks for where you live. New Glasgow isn’t a stranger to extreme weather. Hurricanes and tropical storms can roll in between August and October, and heavy rainfall has led to serious flooding in parts of Nova Scotia.

Since these risks can increase the chances of damage to your vehicle, insurance companies take them into account when determining your rates.

Age

Age is another factor that can influence the cost of your New Glasgow car insurance policy. Young drivers with less experience tend to pay more for car insurance as they're statistically more likely to be involved in car accidents or engage in risky driving behaviour.

Driving experience and record

Driving experience is one of the main factors used to determine the cost of New Glasgow auto insurance. If you have years or even decades of driving experience, you may benefit from a lower premium. However, this is only if you have a clean driving record.

Experience on its own isn’t enough to lower your premium. You also need to show the insurance company that you are a safe and responsible driver by maintaining a clean driving record.

If you fail to do this, and your driving record has speeding tickets, DUIs, or accidents, your insurance premium will likely be much higher.

Type of vehicle

Did you know that the type of vehicle you drive could impact your New Glasgow car insurance rate? It’s true! The make, model, and year of your vehicle are other factors used by insurance companies to determine your auto insurance rate.

Typically, new, expensive cars cost more to insure, as the cost of replacing or repairing them would be higher. (The one exception to this is if your vehicle is equipped with safety features or anti-theft devices.)

On the other hand, drivers of older, used, or less expensive models may benefit from cheaper car insurance rates.

Marital Status

One final factor that can impact how much you pay for car insurance is your marital status. Statistics suggest that married couples are more responsible, so this factor could be considered when the insurance company calculates your premium.