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Answering 6 Frequently Asked Questions about Car Insurance

Understanding car insurance can be difficult and confusing. To make it easier, we've compiled a list of the most frequently asked questions about car insurance and provided answers to help people understand the basics. We'll talk about how car insurance rates are decided, the difference between comprehensive and collision coverage, and so much more:

1. When Can I Expect Insurance Rates to Drop?

It's hard to predict when you might get a break on car insurance premiums. While 25 used to be the age when rates went down, it's not a given anymore.

That said, certain factors can affect your insurance rates. These include but are not limited to your accident history, driving experience, tickets, etc.

2. Does My Insurance Cover Rented Vehicles?

If you're planning to rent a car, check with your car insurance provider to confirm that your policy includes rental coverage. You'll likely need to purchase an additional rider to your existing plan to be fully protected.

Alternatively, you can just opt for the rental provider's insurance policy and pay for a specified amount for however long you need the car.

3. How Does Comprehensive and Collision Insurance Differ?

Comprehensive and collision insurance are both types of auto insurance coverage. Comprehensive coverage protects your vehicle from damage due to events outside of your control, such as theft, vandalism, fire, and natural disasters. Collision coverage protects your vehicle from damage caused by the accident, regardless of who is at fault.

4. Does My Car’s Colour Affect My Insurance Rates?

The colour of your car is not an important factor when it comes to calculating your insurance rates. The make, model, and year of the vehicle will have a much bigger impact on the rate you pay for insurance. As such, a red sports car can cost more to insure than a sedan, but this is due to the type of car.

5. How Does a Deductible Work?

When you purchase car insurance, you agree to pay a certain amount out of your pocket when making a claim. For example, if your deductible is $500 and you need to repair your vehicle for $1,000, you will have to cover the first $500 and your insurance company will cover the rest, up to the limits of your policy.

6. Must I Report a Car Accident to the Insurance Company?

In Saskatchewan, if you have been in an accident that resulted in injury or damage to property, you should inform your insurance company. The amount of time that the accident will stay on your driving record will depend on the specific insurance company that you have.


Car insurance is a necessary part of owning a vehicle in Sasktchewan. Understanding the basics of car insurance, such as types of coverage, deductibles, and when to report accidents, can help you make informed decisions about your policy. Overall, knowing the answers to these six questions can help you make the most of your car insurance policy. But of course, if you still have any questions about your policy, be sure to contact an insurance professional to learn more.

Cooke Insurance is an insurance provider specializing in commercial, specialty, and personal insurance services. If you are looking for car insurance in Saskatoon, contact us today!

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