Insurance Bureau of Canada (IBC) is pleased to launch ‘Know Your Policy’, an online campaign designed to promote insurance literacy among Canadian consumers. ​A car collision, a home damaged by wind or hail and a business interrupted by vandalism or floods are risks that people face each day. After a loss happens, everyday life can change in many different ways. Now is the time to know your policy and better protect yourself.

 
 

How Car Insurance Premiums are Calculated

​The make, model and year of your car, the records of people who are insured to drive it and where you live are all considered by insurers when setting rates. You can lower your premium by making informed decisions.