Insurance question
by Jay
I'm planning on buying a car very soon, and thinking of getting the insurance under my name rather than my parents, I just wanted to know what the benefits are of getting the insurance under my own name, I'm a 21 year old male living in Mississauga Ontario, if that makes any difference 21 Year Old and InsuranceHi Jay, If you buy your own car, you're supposed to buy the insurance too. When you shop around, it would probably be worthwhile to check with your parents company for rates as they might be able to give you a multi vehicle discount if you live with your parents. With respect to benefits, as long as you are insured on a policy, you are building your insurance history. Which reduces your rates over time (assuming you have no at fault claims). Why don't you try some quotes here: Other Pages of Interest car insurance in Ontario Canada Car Insurance Canada Car Insurance Quote Canada Auto Insurance Questions Or Ask another question at Ontario Auto Insurance Questions and Answers Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. |