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There is no standardized cost for car insurance in Halifax because car insurance is a custom product. Your premium will depend on a number of different factors — some of which are in your control and some that are not — including the loss ratios of the car insurance company in Halifax you’ve selected. Car insurance calculator tools geared for Halifax drivers require less information, but this also makes them less accurate. Keep reading for more information on how you can roughly estimate your car insurance costs in Halifax.

The postal code with the highest average automobile insurance price in Halifax is the B3S region, near the district of Clayton Park West. This postal code encompasses Bayer’s Lake and a portion of the Birch Cove Lakes Wilderness area.

The lowest prices for car insurance in Halifax, on average, are paid by residents of the B3N region, which is located in the Fairmount district. Included in this district is Chocolate lake, which has driven the development of a conversation area and tourist attractions nearby.

Halifax, the capital of Nova Scotia, is the largest and most populous city in the region. According to LowestRates.ca’s user database, the top three cities in Nova Scotia who pay the highest rates for car insurance are:

1. Armadale
2. Halifax
3. Beaver Bank

The cities that pay the lowest rates for car insurance in Nova Scotia are:

1. Billtown
2. Auburndale
3. Donkin

Residents of Nova Scotia pay the fourth-highest rates for car insurance in the country, and the residents of Armadale pay hundreds of dollars more per year than the residents of Donkin.

While where you live is an important factor in determining your auto insurance rates, it’s just one of many factors that might come into play.

This is a difficult question to answer. Because car insurance is such a personalized product, there is no one car insurance company that will provide the cheapest rates to all its customers.

Don’t worry though. It’s highly likely that there is a car insurance company out there that will favour your risk profile over another, which means that there are savings to be had. However, some of the things that make up your risk profile are within your control, and others are not.

Factors that are under your control include:

• Gender
• Where you live
• Deductible amount
• Value of your vehicle
• How you use your vehicle
• How far you drive each day
• Who else is driving the vehicle
• The type of coverage you chose
• Driving record and accident claim history of all drivers
• Type of vehicle, including theft rating for that vehicle type

As of November 2014, Nova Scotia insurers stopped using age and marital status to determine drivers' risk classifications. Removing gender as a rating factor was reviewed, but ultimately denied in the 2011 reforms.

While there are some things you can do to secure an affordable car insurance rate in Halifax, there are some things that are out of your control. These might include the insurance company’s loss ratios, which are determined by the driving history of the insurers’ other customers.

There’s very little you can do about the factors you can’t control. So, we recommend focusing on what you can control. This usually comes down to maintaining a good driving record and making your insurance payments on time.

When you compare car insurance quotes, make sure you do it in advance of your policy renewal date. Cancelling your insurance premium prematurely can harm your insurance rating and lead to a rate increase.

There are a number of things insurance companies will take into account when calculating your rate. For instance, the amount that you drive every day, your insurance history, your gender, and other factors may impact how much you pay for car insurance each month.

Here’s a list of other factors insurance companies may consider when evaluating your risk profile:

Your licence level: Not having a full licence will cause your premium to be higher. Conversely, having a full licence has a positive effect on your car insurance rates. New drivers looking for car insurance in Halifax may see higher rates as a result. This is why students who need car insurance in Halifax may face challenges securing an affordable rate.

Your driving history: Insurance companies favour drivers who have many years of claims-free driving experience. Having little driving experience (approximately less than 10 years), previous claims, and driving convictions will push your car insurance rates up. For this reason, car insurance rates for high-risk drivers in Halifax may be higher than the average rate.

Your age: Being a young driver puts you at a higher probability of being in a collision, according to actuarial data: you’re new to driving and are likely going to make some mistakes. In 2014, Nova Scotia car insurance companies stopped using age as a factor when determining risk profiles. New drivers in Halifax may find cheap car insurance rates more easily than in other provinces.

However, being young isn’t the only way age can impact your car insurance rates. Adults between the ages of 50 and 70 get some of the lowest car insurance rates in Canada. If you belong to this demographic, you probably have a long history of being insured and you might even have bundled your home insurance policy with the same provider of your auto insurance. After age 70, though, you might see your rate begin to creep up because people in your age group are more statistically more likely to need to file a claim and need longer to recover from an injury. Therefore, seniors in Halifax who hold car insurance policies may also pay higher rates due to a higher rate of accidents in this age group.

Your sex: Unfortunately, men often pay higher rates than women.

Your postal code: Urban dwellers pay more than drivers in rural areas.

Your insurance history: In addition to having a poor driving history, your insurance history can also play a role in determining your rates. If you’ve filed multiple claims or have a history of missing payments, you may be given a higher rate. Furthermore, new immigrants who need car insurance in Halifax may also face challenges because they have no Canadian insurance history at all.

The amount of coverage you purchase: Buying coverage that exceeds the mandatory minimums will raise your insurance premium.

Having a consistent source of income: Whether or not you are employed may impact your ability to make regular payments. This is why students who need car insurance in Halifax may face challenges securing an affordable rate.

Facts

• There are 32 Volvos at the bottom of Bedford Basin. They sank with their cargo ship in 1969.
• The Armdale Traffic Circle has long been a source of frustration to drivers. Prior to 2005, the roundabout used a "yield and proceed" rule that confused drivers (especially those from out of province) and snarled traffic.
• The Halifax Regional Municipality has nearly 250 new sidewalk construction projects tabled. The HRM is aiming to complete approximately 10 of these projects annually.

Myths

• Workers in Halifax don’t rely on their vehicles to get to work. False. Statistics Canada reports that 76.6% of workers use a car, van, or truck to get to work on a daily basis.
• Halifax gets very little snow. False. The city's located on a coast, which is often associated with mild weather, but Halifax gets several huge snowstorms every year.
• Halifax has B-grade public transit. False. Halifax Transit has a fleet of buses that service the city. It also operates the Dartmouth Ferry Service, the oldest saltwater ferry service in North America.

• Buy snow tires. Halifax gets its fair share of snowstorms. Enhance your safety and the safety of others by investing in a quality set of snow tires.
• Watch those one-way streets. There's a lot of one-way streets down by the waterfront in Halifax, so stay alert and pay attention to street signs.
• Be courteous to pedestrians — everyone else is. Halifax drivers are known for their road manners and their tendency to stop for pedestrians even if they're several metres away from the road. If you see pedestrians approaching, be prepared to stop.
• Pay attention and yield at the Armdale Traffic Circle. The Armdale Traffic Circle gets traffic from five different roads: Herring Cove Road, St. Margaret's Bay Road, Joseph Howe Drive, Chebucto Road, and Quinnpool Road on the peninsula. The traffic rules governing the Armdale Traffic Circle changed in 2005 to conform to worldwide standards. Cars entering the circle have to yield to those already inside it.