A single unfortunate event like an accident, injury, death, fire, can wipe out our entire savings and leave us exposed to huge financial losses.

Did you know that with smart planning, you can save money on insurance premiums?


Key Factors that Affect Insurance Premiums in Montreal-North Shore

Individuals residing in Montreal-North Shore need a variety of insurance products including life insurance, home insurance, auto insurance, mortgage insurance, or business insurance.

While the cost of these insurance products may be seem excessive, even unnecessary, it is just too risky not to have adequate protection.


What drives insurance premiums up and how can we save money on premiums?

There are various factors that drive up the cost of insurance premiums. While each type of insurance has inherent risk factors that affect the cost of premiums, there are some common underlying factors for home, car, mortgage, and life insurance.


✓ Lifestyle

Whether you are obtaining car, home, or life insurance, your lifestyle factors in heavily on the cost of your premiums. For instance, if you smoke, have a poor driving record, engage in dangerous or extreme sports or activities, your insurance premiums will be higher because of higher risks.


✓ Credit Rating

Your credit rating also affects your insurance premiums. By keeping your credit clean, you can save on insurance costs.


✓ Claims History

Insurers take into account all incidents, especially when a claim is made, that could increase your future premiums. If you have made a claim on your auto or home insurance, your risk factors increase and so does the cost of your insurance.


✓ Type of Coverage

The type of insurance product you choose also affects cost. For example, term life is more affordable than whole life.  For home insurance, basic cover costs less than all risks insurance. Your level of coverage also dictates the cost of your premium.


✓ Your Insurance Company

While insurance products may be standard, insurance companies offer different prices. If you have most of your insurance under one insurer, you can benefit from lower premiums through loyalty discounts.  Your choice of insurer can have a huge impact on the cost of your premiums.


Lower your Life Insurance Premiums in Montreal-North Shore

Are you wondering why your life insurance costs more than your friend who is the same age as you?  Life insurance rates are calculated based on risk factors that when combined determine the price of your premium.

Your answers to the following questions when you apply for life insurance will greatly influence the price of your premiums.


What is your current Age?

All things equal, your premiums are higher the older you are.


What is your health status?

The healthier you are, the lower your life insurance premiums.  If you have a history of medical conditions, your premiums could go up.


How much do you weigh?

Unfortunately, your weight also affects your premium.  Overweight people pay higher premiums.


What is your occupation?

Insurers look negatively on risky occupations such as race car driver and other professional sports. Other dangerous occupations can increase rates or even result in denial of insurance if they come with high risks for accidental death.


Do you smoke?

Smokers pay higher life insurance premiums than non-smokers.


Do you drink?

Heavy or excessive drinking is known to have negative health effects as well and can also increase your insurance costs.


What is your family history?

If your family has a history of heart disease, cancer, diabetes, etc., you’ll find yourself paying higher premiums.


What is your Gender?

Women have lower risk factors and live longer than men. Consequently, they pay lower life insurance rates.


What type of policy do you have?

When you have longer coverage and larger death benefits, your premiums increase.  Long term policies such as 20-year term or lifetime cover are more expensive than 5-year or 10-year term life insurance.

Every insurance policy is considered on a case-to-case basis. Life insurance companies are not equal.

For this reason, it is best to compare life insurances online by requesting for multiple quotes using our online request form.


Reduce your Homeowners’ Insurance Premiums with 6 Easy Tips

Are you shopping for lower premiums for homeowner’s insurance in Montreal-North Shore?

The best way to reduce premiums and save money is to get discounted insurance rates.  You can follow these tips to save on home insurance premiums.


1. Protect your home and keep it safe.

Homes with monitored alarm systems qualify for lower insurance premiums.


2. Increase your deductible.

A higher deductible will lower your insurance premium.  You may have to pay more out of pocket if something does happen. However, your insurance broker can advise you on finding the right balance.


3. Get multiple insurance products from one insurer.

If you find an insurer that satisfies your requirements, you can qualify for lower premiums by bundling your insurance needs under one roof. You may obtain home insurance, life insurance, and auto insurance from a single insurance company.


4. Maintain your property with good electrical and heating systems.

Do you use oil or gas for heating? Your insurance company may inspect facilities before assigning your premium. Certain risks could increase your premiums.


5. Compare free insurance quotes to get the best insurance prices.

A really good way to shop for the lowest insurance premiums is to compare free insurance quotes online. Our insurance partners in Montreal-North Shore can provide you with the most competitive home insurance rates.


Ideal insurance solutions in Montreal-North Shore with Compare Insurances Online

Compare Insurances Online makes it easy for you to find the best insurance prices in Montreal-North Shore.

Our partners provide reliable and efficient coverage for auto, home, and life insurance in the following areas:

Deux-Montagnes Argenteuil
Therese-De-Blainville La Riviere-du-Nord
L’Assomption Les Moulins

Fill-out our short online form to tell us about your insurance needs.  Best of all, our quotes are free and no obligation!

Save time and money!

Compare Insurances Online is an online bid solicitation service for insurance brokers and direct insurers. Our network of partners covers Quebec: Montreal, Quebec, Laval, Longueuil, Sherbrooke, Trois-Rivières, Gatineau, etc. All types of insurance are available for all kinds of budgets.