One driver - two cars


(Ontario)

Wanted to buy another car. Just received a quote from my broker: $1400 (my current car), getting rid of current car and buying the other one - $1700 (although it is as safe as the first one according to IBC), keeping both - $2800. Does it make any sense? Why do the premiums almost double, I cannot drive two cars at the same time? I am the only driver in the household.


Two Cars


One idea... if you only drive one car weeks at a time ... reduce coverage on the other car while it is "off the road".

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Note: Always speak with a licensed insurance professional about your specific situation. 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.

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.  Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.

Always speak with a licensed insurance representative about your specific situation.

This site is general in nature and there may be errors or ommissions

Please Read

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