It may sound like a joke but it is actually true. There are
many factors impacting your auto insurance premium and one of them is how many
kilometers you drive your vehicle in a year.
So let’s say you commute to work or to school every day 30
km each way. That’s roughly 16,000 km/year. Let’s add another 5,000 km for
groceries, road trips, etc., bringing us to a total of 21,000 km/year. BUT now
you are going on maternity leave: Will
you still be driving this vehicle these same 21,000 km/year? Probably not. So
reassess your situation and call you agent/broker and let them know the new/lower
millage you want in your auto policy.
After you go back to work you can call them back and ask for a policy
review.
The premium decrease will vary from insurance company to
insurance company. Some companies will put less emphasis on the number of
kilometers you drive a year to rate your insurance, others have a higher
emphasis. What’s for sure, all insurance companies take this parameter in
consideration, so make sure you let them know you are on maternity leave and
won’t be driving as much!
Enjoy your baby and your maternity leave!
For more information please feel free to contact me at 905-808-4573
Paola
For more information please feel free to contact me at 905-808-4573
Paola
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