My insurance plan - mandatory coverage question


Jump to Page:
< Previous  [ 1 ]  [ 2 ]    Next >




musicgold   
Member since: Jul 07
Posts: 119
Location:

Post ID: #PID Posted on: 19-10-11 13:15:36

Hi,

I am a G driver with 4 years of driving experience, never had a ticket or violation, have the safe driving certificate too, and I drive only for pleasure. I am paying about $2,154 per year ($180 per month) in auto insurance.

When I called my insurance company about the rates and rates I am getting from other companies, the call center agent told me that I can reduce my insurance cost to $1,882 per year or $162 per month, if I reduced my mandatory coverage to the province minimum and disability coverage. She also told me that I should remove the disability coverage from plan as my work plan covers me quite well.

I am not sure if her advice is biased and would like to get some impartial advice.

1. Is my current insurance plan reasonable?

2. Is it a good idea to reduce the mandatory coverage to the province standard?

3. What is a good thumb rule in terms of mandatory coverage?

Thank you.



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 20-10-11 03:29:40

My take would be that $ 180 a month is quite a reasonable amount and that you should continue as it is.
Province sets the bare min. standards.
If you have home insurance or life insurance, see if your coverage duplicates any of the above and then revisit your current coverage.
Peace


-----------------------------------------------------------------
I am a Gents and not a Ladies.


Desi # 1   
Member since: Dec 03
Posts: 1420
Location: Mississauga

Post ID: #PID Posted on: 20-10-11 11:24:33

You are in India and based on past experience you are replying to posts. Things could have changed. You could be passing on wrong information (unintentionally)



mkannuri   
Member since: Nov 06
Posts: 409
Location:

Post ID: #PID Posted on: 22-10-11 09:00:41

Actually 180$seems to be reasonable inGTA, as i am having 14yrs of experience with the same insurance company (state farm) and paying 160/month with no tickets so far.
Though this is ridicules, but did not find another option other than moving out of GTA.

TK is right, as thingshave not changed since he left, as a matter of fact there is an increase in insurance recently


-----------------------------------------------------------------
MK


tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 24-10-11 03:59:30

Desi # 1,
Just to clear the air.
Though I am in India, every day I spend 1 hour reading Toronto start.
I frequently visit redflag deals,CD, newstalk 1010, 680 news etc.. and so I am pretty much update about Canada.
People in Canada are so engrossed in their work and drinks in the evening that they donot know what is going on in their backyard.
Peace


-----------------------------------------------------------------
I am a Gents and not a Ladies.


Desi # 1   
Member since: Dec 03
Posts: 1420
Location: Mississauga

Post ID: #PID Posted on: 24-10-11 11:56:13

You do not become a professor by just reading or keeping upto date on newspaper.

Enjoy life and do not peep into someones yard is what Canadians do.



tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 25-10-11 02:44:19

In fact I now have more time to research about Canada now being in India.
In Canada, the natives did not give me a chance to think. Then it is up to you to interpert.
If you have not seen the Tor star yet, then please see it. It says that Rob ford approval is at 37 % and that Hazel's rating is at 78 % or so. How many Canadians in Canada know that?
Peace


-----------------------------------------------------------------
I am a Gents and not a Ladies.




Jump to Page: < Previous  [ 1 ]  [ 2 ]    Next >

Discussions similar to: My insurance plan - mandatory coverage question

Topic Forum Views Replies
Auto Insurance Companies in Ontario
Driving 2695 5
auto insurance
Insurance 2203 4
Cheap Insurance ( 1 2 )
Insurance 2528 9
Accidental Death Insurance - Canadian Companies ?
Insurance 1451 1
What if wife does not have insurance on Car as 2nd driver ? ( 1 2 )
Insurance 2293 9
Auto Insurance
Driving 1873 2
Auto insurance myths ( 1 2 3 )
Driving 4577 15
How important is a Insurance certificate?
Driving 1869 1
Cheapest second hand car to insure
Driving 2195 2
Does non-driving ticket affect insurance?
Driving 1982 6
Driving License, Insurance, Buying Car
Driving 1779 3
Auto-Insurance after an accident.
Driving 1604 2
Buying a Used car , also need insurance
Driving 2973 5
Auto insurance Claim
Driving 1998 6
Temporary Auto Insurance
Driving 1351 1
Driver certificate needed !!!
Driving 1480 2
Will make any difference in coverage b'wen primary and Occasionally driver
Insurance 1690 3
Addition of occasional driver ( 1 2 )
Insurance 7058 10
Auto insurance issues please help! urgent
Insurance 1537 3
Auto Insurance
Insurance 1882 4
My insurance plan - mandatory coverage question ( 1 2 )
Driving 2485 8
Super visa insurance question for parents visiting for only 2-3 weeks ( 1 2 3 4 )
Family Class 12083 21
Recent car insurace rates and companies in Brampton
Driving 1378 1
Auto Insurance
Insurance 3444 2
Auto insurance ( 1 2 )
Driving 2545 11
 


Share:
















Advertise Contact Us Privacy Policy and Terms of Usage FAQ
Canadian Desi
© 2001 Marg eSolutions


Site designed, developed and maintained by Marg eSolutions Inc.