First time driver? Here’s the basics.
Insurance for first-time drivers in Ontario can be a daunting task to navigate. As a new driver, you may be wondering how to obtain insurance and some ways to keep the price down. In this blog post, we will go over some of the basics of car insurance for first-time drivers in Ontario.
With a leaner’s permit or G1 you are covered if driving an insured vehicle with permission and following the laws and regulations surrounding a G1 licence. In saying this, it is still a good idea to let your insurance broker know that you’ve attained your G1. Adding a G1 driver to an existing policy is free of charge but insurance companies still like to know who is likely to be driving the vehicle on a consistent basis. Additionally, the sooner an individual is added to a policy the sooner they begin to create insurance history…which is a good thing!
The situation starts to get a little more complicated and a lot more expensive once that next level of licensing is achieved. G2 drivers will have to decide whether they will be purchasing their own vehicle and policy or continuing to drive a parent’s vehicle. The cost to insure G2 drivers on their own vehicle in Ontario is often quite high, it’s cheaper to remain as an occasional driver on a parent’s vehicle Factors that can affect your premium include your driving history, the type of car you drive, your age and your gender. For new drivers it is incredibly important to strive for a clean driving record. You do not want tickets affecting your rates for 3 years and collisions for 6 years. Other ways to potentially help your premium include completing a Driver Training course and/or acquiring your G licence as soon as possible!
Many of the brokers at Orr Insurance have gone through this with their own children so we absolutely understand the decisions that need to be made. That is why we are here to have discussions, give advice and provide pricing optionse in order to secure the best possible policy at a reasonable premium.