How to
save money on your car insurance:
Sharp Insurance
brokers are experts in providing great insurance rates for new drivers to
Canada. Many new residents of Canada may be shocked to learn their vehicle
insurance rates are so high. Why is this? Well, most of the major insurance
companies in Alberta will rate a seasoned driver from another country as a new
driver in Canada, thereby causing insurance rates to skyrocket. There is good news;
some companies will give out-of-country driving experience and insurance
history that will drastically lower your insurance rates, and save you up to
thousands of dollars a year.
What
do you need to do to get a better rating?
Research:
Remember, only a
few insurance companies will allow out-of-country driving history to factor
into their insurance rating. The most time efficient way to find these insurance
companies is to go through a broker instead of a direct insurance company.
A brokerage
will have access to several companies, and will know which of these insurance
companies will provide you with the best rate depending on your experience
outside of Canada.
Documents:
The most
important information you need to save money on your insurance is
documentation. This cannot be stressed enough. There are many instances of
clients coming to Alberta from different Countries, who have been driving and
have been insured for many years, but could not benefit from this because they
did not keep the proper documentation. One piece of paper could mean a premium
difference of up to $1500!
You need two
documents to ensure the best price for your insurance: A driver’s abstract and
a claims experience letter.
Driver’s Abstract:
It is vital to
have an official record from your previous country’s registry or equivalent
that states when you have originally been licensed and whether or not you have
had any convictions. Alberta car insurance rates are calculated primarily from
your driving history. Without this, you
will be rated as zero years of driving, thus increasing your insurance rates.
Claims Experience Letter
The second most
important determinate of rates is called a claims experience letter. Alberta
car insurance rates are calculated by factoring in the amount of years you have
had continuous insurance without any accidents. A claims experience letter must
be provided from your insurance provider, on their letterhead, and must contain
the following information: Your full name, the years you have been insured, and
whether you have had any insurance claims.
With these two
documents, Sharp Insurance will give you the credit you deserve, and you will
see a significant savings on your Alberta car insurance rates.