If you are insured through Facility Association because of your
driving record or accident history, then each year that you have
no convictions or accidents will help you achieve a better rate.
Typically motor vehicle convictions stay on your record for three years and accidents will affect your driving record for up to six years.
Pay your premium on time.
If you have a history of not paying your premium, you will have difficulty getting insurance, and you may have to pay higher premiums with a policy obtained through Facility Association.
Talk to your insurance representative about:
- Increasing the amount of your deductibles (the amount you will pay for a covered loss before the insurance company starts to pay). If you have a policy with a $500 deductible and the amount of the loss is $1,500 you will pay $500 and your insurance company will pay $1,000. If the amount of loss were only $300 you would pay the entire amount and the insurance company will pay nothing. By increasing the amount you are willing to pay in the event of a loss, you will decrease your premium.
- Removing collision and/or comprehensive coverage if you have an older vehicle.
- Excluding drivers with accidents or convictions from your policy so their records do not impact the cost of your insurance.
- Purchasing a vehicle with a lower cost insurance rating. You can see the ratings for different cars in the IBC publication How Your Car Measures Up.
- A variety of consumer publications and websites can provide additional information about the vehicle such as safety ratings, costs of repairs, and the likelihood of being stolen.
- Reducing the kilometres driven and taking public transit to work if it is available. If your mileage is low your premiums may be lower.
There are numerous companies writing automobile insurance. Some companies will insure drivers with accidents or convictions. Ask your insurance representative to help you by shopping around for the best insurance value. Facility Association should be your last resort.