Your car insurance premium is calculated every time you request a quote to an insurance company, as well as at each renewal.
Each calculation is personalized based on your information on file, such as:
Where you live
Use of the vehicle
Type of vehicle
Your credit rating
Your recent history of claims or accidents
Etc.
​Other external factors come into play when calculating your car insurance premium. Among them, for example, is the price of parts and labour, or an increase or decrease in the number of auto insurance claims in the province.