BrokerLink has a team of licensed insurance brokers ready to help you find business insurance in Cambridge, boat insurance in Cambridge, and everything in between. If you want an insurance professional at your fingertips who can help you navigate the ins and outs of Cambridge insurance, you’re in the right place.
What types of insurance can a Cambridge insurance broker help me find?
Wondering what types of insurance a Cambridge insurance broker can help you with? The answer is any! However, some of our specialties include Cambridge car insurance, home insurance in Cambridge, and commercial insurance in Cambridge. Read more about our most popular insurance solutions below:
Cambridge commercial insurance
Navigating the world of Cambridge business insurance can be difficult, especially with so many types of coverage out there. Knowing what to choose when you’re presented with options like cyber liability insurance, commercial general liability insurance, product liability insurance, crime insurance, business interruption insurance, and more, can quickly become overwhelming. But the BrokerLink team is here to ensure that you make the best possible choices for your business. Reach out today to learn more about our wide-ranging business insurance solutions.
Cambridge property insurance
Cambridge property insurance is another one of BrokerLink’s most popular insurance services for a reason. After all, whether you own your own home in Cambridge or rent a home, property insurance is important. A BrokerLink insurance advisor can help you find the best coverage to suit you, your home, and its unique characteristics. For example, if you want help protecting a vacation rental property, you can come to us. Alternatively, if you are looking for high-value home insurance, you can also come to us. Of course, as a full-service insurance brokerage, we can also help Cambridge residents find basic homeowner’s insurance or tenant insurance plans, as well. Reach out to BrokerLink today for more information on our Cambridge home insurance services.
Get a home insurance quote
Cambridge auto insurance
Let BrokerLink help you find Cambridge insurance for your car to ensure you are protected at all times on the road. Our insurance advisors have expertise in Ontario auto insurance regulations, which means we will make sure you find a policy that both protects you and your vehicle, as well as complies with local laws. Whether you drive a car, truck, or motorcycle, we will work hard to find coverage for your motor vehicle. For example, we can explain how motorcycle insurance in Cambridge works, help you add a driver to your existing car insurance policy, or help you purchase your first-ever auto insurance plan. For a complete list of the auto insurance services we offer Cambridge customers, contact BrokerLink today.
Get an auto insurance quote
More insurance services for Cambridge customers
Every person is different, and so are their insurance needs. That is why BrokerLink aims to offer a broad range of insurance services. We want to be able to help every Cambridge customer protect whatever they need. Keep reading for an exhaustive list of insurance solutions that BrokerLink provides, including tenant insurance in Cambridge, condo insurance in Cambridge, and more:
- Boat Insurance
- Condo Insurance
- Vacation Property and Cottage Insurance
- Tenant and Renters Insurance
- Life Insurance Broker
- Landlord Insurance
- Musical Instrument Insurance
- Wine Cellar Insurance
- Umbrella Liability Insurance
- Equine Insurance
- Pet Insurance
- Group Insurance
- ATV and Snowmobile Insurance
- Farm Insurance
- Cyber Insurance
- Storage Unit Insurance
- Tractor Insurance
- Employee Benefits
- Travel and Trip Cancellation Insurance
- Trailer and RV Insurance
- Motorcycle Insurance
- Identify Theft Insurance
If you need help finding a type of insurance not listed above, fear not! With our expertise and resources, we guarantee that we can still help you find the right coverage for your needs. Contact BrokerLink to speak with a licensed insurance broker right away.
Tips on how to lower your Cambridge insurance premium
Why pay more for insurance than you have to? At BrokerLink, we aim to make insurance affordable. We never want it to break the bank, which is why our licensed brokers are always happy to provide tips and advice on ways that customers can save money. Continue reading to discover a few of our top money-saving tips:
Take advantage of Cambridge insurance brokers
A great path to saving money on Cambridge insurance is to enlist the help of an insurance broker near you. The insurance brokers at BrokerLink are all licensed and have years of experience under their belts. They can provide you with all kinds of insight into how insurance works, as well as specific tips on ways that you can save money on insurance. Plus, if you choose to purchase insurance through a broker, they can also help with basic tasks like obtaining quotes on your behalf and comparing them to help you find the most competitive rate for your Cambridge coverage.
Buy multiple insurance products at once
Have you heard of bundling insurance policies? It’s one of the most common ways that customers can save money on insurance. It’s also easy to qualify for. Generally, all you need to do to qualify for a bundle discount is to purchase two or more insurance products from the same provider at the same time. They don’t even have to be the same type of insurance, meaning you could choose to insure your car and home together, or maybe even two cars in your household. The options are endless. BrokerLink can explain how insurance bundling works in greater detail and give you information on which insurance companies offer bundles to customers.
Be smart about the policy deductibles you choose
The deductibles you choose for your Cambridge insurance policy will have a large impact on your rates. Therefore, this isn’t a decision that should be made lightly. Instead, we recommend taking a look at your finances to determine the highest possible deductible you can comfortably select. From there, choose that deductible if you want to lower your premium. A BrokerLink insurance advisor can provide even more information on how deductibles influence premiums, as well as give you an estimate of how much your policy will cost based on the deductible amounts you’re considering.
Choose your insurance payment plan wisely
Just as you should be smart about the deductibles you choose for your policy, you should also be smart about the payment plan you choose. As a policyholder, your insurance company will likely present you with multiple payment plan options. The most common are monthly and yearly payment schedules. A yearly payment schedule means paying your entire premium upfront at the start of your policy, whereas a monthly one means paying your premium in increments over the course of the policy term, typically twelve months. While paying it in increments might sound less daunting, some insurance companies charge extra to do this. Make sure to inquire about any hidden fees, like transactions or administrative fees, that come with a monthly payment schedule. Ultimately, if a monthly payment plan ends up costing more in the long run, choosing the yearly option might make more financial sense.
Install security systems in your home, car, or workplace
Insurance companies may offer home insurance, car insurance, and business insurance discounts to policyholders who install security systems as an added safety precaution. The presence of a security system, especially a monitored one, can reduce the odds of an incident occurring in your home, car, or workplace. Monitored burglar alarm systems are common in homes and workplaces, while anti-theft devices are regularly installed in cars. To learn more about how you can protect your home, and how doing so can impact your rates, contact BrokerLink. One of our advisors can also provide a series of home protection tips to keep your property safe while you are away.
Consider several factors before buying a new car or home
As we dive into below, there are all kinds of factors that will dictate how much you pay for insurance. Some of these are within your control and some of these aren’t. In the case of home and auo insurance, you get to choose which home and which vehicle you buy. Understanding how the characteristics of the home you buy and the type of vehicle you drive can impact your insurance rates is important, especially if you ultimately hope to pay less for insurance. A BrokerLink insurance advisor can go into more detail on this topic, but generally speaking, the older your home, the more it will cost to insure. This is particularly the case if your home has an old roof or an outdated plumbing, heating, or electrical system. Homes with pools or other liabilities like trampolines will also have higher insurance rates. Meanwhile, when it comes to the car you drive, older, economical cars tend to have cheaper insurance premiums than fancy, luxury cars. Cars equipped with anti-theft devices or those with high safety and reliability ratings also tend to come with lower insurance rates.
We’re in your community
BrokerLink is not just here to meet all your insurance needs, we also aim to make a difference in the community. That is why you will find us engaging with and giving back to the Cambridge community every chance we get. BrokerLink puts its money where its mouth is by practicing corporate social responsibility year-round. Learn more about our community efforts by calling BrokerLink today.
Local Ontario Insurance Links
If you’re a member of a group or association, you may be eligible for more discounts.
At Cambridge BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.
You can reach us by phone, email, or visit us in person. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.Whether you’re planning a move or just started driving and are looking for car insurance, BrokerLink is here.
Cambridge insurance broker FAQs
What insurance do I need in Cambridge?
The insurance that you need in Cambridge depends on your situation. Car insurance is legally required, so if you drive in Cambridge, then you need a valid auto insurance policy. Home insurance is not legally required but you still might be obligated to purchase it if you have a mortgage loan or you rent your home. However, beyond any legal or contractual obligations, you will always have a say in the types of coverage to add to your policy and how much you want to add of each.
Making these decisions can be difficult, especially with so many coverage types out there. For example, with car insurance, once you've fulfilled the mandatory coverage requirements, you can choose between all types of extra protection, like collision coverage, comprehensive coverage, and accident forgiveness coverage. With home insurance, you can choose to add sewer backup coverage, overland water coverage, equipment breakdown coverage, home business coverage, and more. And then for business insurance, you get to choose between everything from directors and officers liability coverage to commercial property coverage, crime insurance, business interruption insurance, and many more. You will need to carefully assess your needs and budgets or seek advice from an insurance professional to make these important decisions.
Is Cambridge car insurance required?
Yes, Cambridge car insurance is compulsory, no matter what kind of car you drive or where you live in Canada. In fact, not only must you purchase a policy, but that policy must meet the province’s minimum coverage requirements. Four types of coverage are mandatory in Ontario: third party liability coverage, uninsured automobile coverage, accident benefits coverage, and direct compensation - property damage coverage. Comprehensive and collision coverage may also be required if you lease or finance your vehicle in Canada. Please note that driving without insurance is illegal and could result in fines of up to $50,000, not to mention the suspension of your licence and the impounding of your car.
Is Cambridge home insurance required?
In some cases, yes, Cambridge home insurance is required. That said, it is not a government requirement, meaning that you will not be breaking the law if you choose not to purchase home insurance. You could, however, be breaking your contractual obligations if you did not purchase a policy yet your mortgage loan agreement or lease agreement stipulated that you must. This is not uncommon. Many banks and mortgage lenders require borrowers to purchase home insurance plans for the protection it provides both parties. The same goes for landlords and tenant insurance. Many landlords include a tenant insurance provision in the lease agreement, which states that the renter must have valid tenant insurance coverage for the duration of the policy. Check out this complete tenant insurance guide for more information.
What insurance discounts can I take advantage of in Cambridge?
Insurance discounts offered are at the discretion of the insurance company, and not all insurance companies offer the same discounts. Therefore, it might take some research to determine which insurers offer discounts most relevant to you. That said, there are generally a wide range of insurance discounts available to customers.
Some are available no matter what kind of insurance you buy, whereas others are specific to a type of insurance, such as winter tire discounts for car insurance. Alumni and employee-based discounts are common ones offered by insurers that you may be able to apply to any policy. Meanwhile, hybrid or electric car insurance discounts or telematics discounts may only be available to car insurance customers, just as sewer backup detection device discounts or burglar alarm system discounts may only be available to home insurance customers.
What is liability insurance?
Liability insurance, as the same suggests, protects policyholders from the reality of legal claims. Legal claims are not only complex but can be extremely costly, which makes them a major risk for drivers, homeowners, and business owners alike. That is why liability insurance is featured in most types of Cambridge insurance. In Cambridge car insurance plans, you will find third party liability insurance, which is mandatory in Ontario. Your policy must have at least $200,000 worth of it, though many policyholders choose to purchase more coverage than this. In Cambridge home insurance plans, you will find personal liability coverage, and in Cambridge business insurance plans, you will often see a variety of liability coverages like commercial general liability, cyber liability, directors and officers liability product liability coverage, etc.
What types of insurance are available through a Cambridge insurance broker?
Some insurance brokers in Cambridge specialize in one type of insurance, like life insurance, while others specialize in multiple, like car, home, and business insurance. If you find a full-service brokerage, they will likely have experts that can help you find a wide range of insurance solutions, like auto insurance, property insurance, commercial insurance, tenant insurance, condo insurance, ATV insurance, motorcycle insurance, boat insurance, and more.
How can I get a free Cambridge insurance quote?
Obtaining a free insurance quote in Cambridge is easy! Contact your local insurance company or broker, explain that you are looking for a free quote, answer their questions, and voila - you will receive your free estimate in no time. Please note that the more accurate you can be about your insurance needs and insurance history, the more accurate your quote will be.
How can I get in touch with an insurance broker in Cambridge?
Cambridge insurance brokers can be contacted over the phone, by email, or in person at the nearest branch to you. Be sure to check your local insurance office’s hours before visiting. In addition, some insurance brokerages have contact pages on their websites that you can use to get in touch.
What factors impact the cost of Cambridge car insurance?
The main factors impacting the cost of Cambridge car insurance are age, driving record, local laws, location, make and model of the vehicle you drive, annual mileage, how you use your car, claims history, and the deductibles, coverages, and limits you select for your policy.
What factors impact the cost of Cambridge home insurance?
Some of the main factors influencing Cambridge home insurance costs are as follows: the size and value of your home, the location of your home, the age of your home, the types and condition of your home’s plumbing, electrical roof, and heating systems, the presence of other structures on your property, whether your home is equipped with a security system, how close your home is located to emergency services, your personal claims history, the types and limits of the coverage you choose for your policy, and your selected policy deductibles, among others.
What factors impact the cost of Cambridge business insurance?
The cost of Cambridge business insurance depends on several factors, which include but are not limited to: the annual and projected revenue of your business, the location of your business, the industry of your business, the services and products offered by your business, the number of employees at your business, your personal insurance claims history, your years of experience in the field, and the coverages, deductibles, and limits you choose for your Cambridge commercial insurance policy.
If you have any questions, contact one of our local branches.