In the market for a new vehicle? An important part of purchasing a new vehicle is being able to afford all of the costs associated with ownerships. This includes the payment (if it’s financed), the maintenance costs, the repair costs, the operating costs, and of course, the cost to register and insure the vehicle. Having a firm grasp of the expected expenses will set you up for success when purchasing a vehicle. Today, we wanted to breakdown the factors that go into a car insurance premium and how to find a vehicle with insurance you can afford.

When it comes to car insurance, most people are familiar with comprehensive and collision coverage to protect their vehicles while driving. What about times when your car is not on the road? Whether you're taking an extended vacation, working remotely, or simply not using your vehicle for a while, parking coverage can offer financial protection and peace of mind.

A car insurance endorsement, also known as a rider or a policy endorsement, is a modification or addition to an existing auto insurance policy. It is a way for policyholders to customize their coverage to better suit their specific needs or to add greater protection than what is included in a basic policy.

Getting car insurance can be a bit of a chore, but it doesn’t have to be! By using a brokerage like Armour Insurance, we can shop Canada’s top insurance markets to find you the best possible price for your coverage. Before we get you set up with a quote, we’ll need a little information from you first.

If you’ve ever gotten a quote on auto insurance in Alberta, you may have heard the agent or the broker talk about insurance grid rates. If you’re not an insurance professional, the term “grid rate” probably doesn’t mean that much to you. Today we want to provide a short guide to understanding what “grid rates” are, what they do, and what it means for you.

Vehicle insurance can cover many different types of damages or losses. One of the items that your auto insurance will not likely cover is your automotive glass. Your windshield, side windows, back glass, and a sun/moon roof on your vehicle are all components that could be damaged and not have coverage. For this very reason, you can purchase a supplemental glass insurance policy to cover chips, cracks, or broken glass on your car. 

At my local gas station this morning, regular gas was selling for $1.24/L and premium was 14¢ more expensive at $1.36/L. That's a whopping $8.40 difference if I were to fill my 60L tank. Not as much as I expected actually, but I will be putting regular gas in my car anyways. So why spend the extra $8?

Speeding is by far the most common traffic ticket given out in Canada. Do you know which traffic tickets will increase your insurance rates? Will photo radar and police issued tickets have the same impact on your insurance and driving record?