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Car Insurance Myths Halifax NS

Auto insurance premiums across insurance companies are not the same. What you pay with your current insurer is not the same as what you would get with another; sometimes it may be more, sometimes less.

RBC - Spring Garden & Summer Branch
(902) 421-8177
5855 Spring Garden Rd
Halifax, NS
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

Scotiabank
(902) 420-3787
5656 Spring Garden Road
Halifax, NS
 
BMO Bank of Montreal
(902) 421-3798
5435 Spring Garden Rd
Halifax, NS
Type
Branch with ABM

BMO Bank of Montreal
Windsor Street
Halifax, NS
Type
ABM

RBC - Quinpool & Oxford Branch
(902) 421-8420
6390 Quinpool Rd
Halifax, NS
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

BMO Bank of Montreal
Spring Garden Road
Halifax, NS
Type
ABM

RBC - Royal Centre Branch
(902) 421-8330
5161 George St-Main Flr
Halifax, NS
Languages
English, French
Office Hours
Monday: 08:00 - 17:00
Tuesday: 08:00 - 17:00
Wednesday: 08:00 - 17:00
Thursday: 08:00 - 17:00
Friday: 08:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(902) 420-3567
1709 Hollis Street
Halifax, NS
 
Scotiabank
(902) 420-4929
6005 Coburg Road
Halifax, NS
 
RBC - Main Br Dartmouth
(902) 421-8800
44 Portland St
Dartmouth, NS
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 17:00
Thursday: 09:30 - 17:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Car Insurance Myths

Provided By:

1. Car colour affects your premium

False. It doesn't matter if your car is blue, red, silver, white, or black, your rate for that make and model will be the same.

2. 2-doors cost more to insure than 4-doors

Not true. Insurers look at the price of the car, repair costs, theft frequency and previous claims history when determining the rate-not the number of doors.

3. Parking tickets will affect your insurance rate

Parking tickets do not count against your insurance, but unpaid fines might affect your ability to renew your driver's licence or worse, result in a licence suspension - which will affect your rate.

4. Getting a speeding ticket means your rates will go up

It depends. Your first minor speeding ticket (typically under 45 km/h over the limit) will probably not affect your insurance rate. But get two or three and you'll likely pay more. Any faster, like a major speeding ticket or racing, and your rates go up for sure.

5. The rate you pay is the same no matter which insurer you have coverage with

Auto insurance premiums across insurance companies are not the same. What you pay with your current insurer is not the same as what you would get with another; sometimes it may be more, sometimes less. See for yourself at www.kanetix.ca, where you can get online quotes from competing companies. You'll see that the range in rates available vary considerably between insurers and you might just find a lower rate for yourself.

- News Canada