Left Navigation Buying Auto Insurance Know how insurance premiums are calculated, where to turn for insurance if you are a higher-risk driver and what additional auto insurance coverage is available. How Auto Insurance Premiums are Calculated To set a premium to insure your vehicle, insurance companies consider many variables, including:The vehicle’s make, model and production yearThe driving records of the individuals who may drive the vehicle Where you live You can lower your premium by making informed decisions. Generally, the harder your vehicle is to steal and the less expensive it is to repair, the less you pay for insurance. Learn about the many ways you can lower your premium. Facility AssociationIf you find it difficult to secure auto insurance, you will be able to obtain insurance through Facility Association. Funded by the property and casualty insurance industry, this non-profit association works with select insurers to ensure that coverage is available to those Canadians unable to buy it anywhere else in the jurisdictions where it operates. Additional CoverageThere are 4 optional auto insurance coverages: collision, specified perils, comprehensive and all perils. These coverages would be in addition to the mandatory auto insurance that the provincial and territorial governments have established as the minimum standard that every automobile owner must acquire. What Insurers Want to Know (Ontario)To determine the price of your car insurance, insurers want to know the following information... Think, Don't Sink: Beware of Flooded VehiclesThink, Don't Sink: Beware of Flooded Vehicles Related ServicesHow Car Insurance Premiums are CalculatedThe 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.Facility AssociationFacility Association’s mission is to administer the automobile insurance residual markets, enhance market stability, and guarantee the availability of automobile insurance to those eligible to obtain it. We strive to keep the market share of the residual markets as small as possible, so consumers may benefit from the competitive marketplace to the greatest extent possible. Types of Coverage Collision, specified perils, comprehensive and all perils are among the additional coverages available for your vehicle. In general, these coverages are very similar across the country. Useful LinksTop 10 Stolen VehiclesEach year, IBC produces a list of the top 10 stolen vehicles in Canada. IBC also reports on the top 10 stolen vehicles and trends in organized auto theft for specific regions in Canada. Cost ControlThere are many ways you can control insurance costs and lower your premium. Shop around and ask your insurance representative for more information about the options below and other savings opportunities.How To Buy InsuranceInsurance is a significant investment. Before you purchase coverage, getting answers to key questions can help you make informed decisions.