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Car Insurance Myths Saint John NB

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.

BMO Bank of Montreal
(506) 632-0202
15 Market Square
Saint John, NB
Type
Branch with ABM

Scotiabank
(506) 658-3365
39 King Street
Saint John, NB
 
BMO Bank of Montreal
(506) 632-0221
120 Mcdonald St
Saint John, NB
Type
Branch with ABM

RBC - Lansdowne & Wellesley Br
(506) 634-8220
111 Lansdowne Ave
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
Westmorland Road
Saint John, NB
Type
ABM

RBC - Main Br - Saint John
(506) 632-8080
100 King St
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 17:00
Thursday: 10:00 - 17:00
Friday: 10:00 - 17:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
Fairville Boulevard
Saint John, NB
Type
ABM

Scotiabank
(506) 658-3370
365 Main Street
Saint John, NB
 
RBC - Nb-Mcallister Place Branch
(506) 633-7680
515 Westmorland Rd-Unit C009B
Saint John, NB
Languages
English, French
Office Hours
Monday: 10:00 - 17:00
Tuesday: 10:00 - 17:00
Wednesday: 10:00 - 20:00
Thursday: 10:00 - 20:00
Friday: 10:00 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

Scotiabank
(506) 658-3200
533 Westmorland Road
Saint John, NB
 

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