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Top Tips for Cheaper, Better Car Insurance 2018
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Top Tips for Cheaper, Better Car Insurance 2017

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10 Quick Tips to Save on Your Auto Insurance

Many drivers do not review enough insurance quotes from different insurance providers in order to find cheap car insurance.  It may take a little bit of extra time, but getting competitive quotes is the easiest way to make sure that you’re not overpaying for insurance.  Here are a few tips to help save you money on your auto insurance premiums:

1. Request Quotes & Buy Online

You might be enticed to make a beeline for your nearest protection office and agree to accept protection immediately, in light of the fact that it appears the most helpful, however that isn't the best approach to ensure that you're paying the least premiums. Fortunately, you can discover various protection cites on the web, from the solace of your own home. This is an issue free, no weight approach to search around and ensure that you're getting the best an incentive for your cash. Protection strategies and premiums can shift definitely, checking on the web statements will enable you to ensure you're getting the best rate. Numerous organizations likewise offer a marked down rate on the off chance that you buy on the web, so look at all your alternatives and spare.

2. Multi-Vehicle Savings

If you’re insuring more than one vehicle, it’s always a good idea to insure all your vehicles with the same insurance provider.  Insurance companies offer a discount for customers insuring multiple vehicles, which will save you a percentage on each policy.

3. Compound Your Savings

If you require additional insurance, including homeowner’s, tenant or condo insurance, find out what discount your insurance provider offers to insure your vehicles along with your other policies.  Most insurance companies offer discounts when you buy both your home and auto insurance policies with them, which could save you 5-10% off your total insurance cost.

4. Higher Deductibles

As a general rule, the higher your deductible is, the lower your insurance premiums will be.  As long as you can afford to have a higher out-of-pocket cost if something happens to your car, choose a $1,000 deductible instead of $500 deductible to save.

5. Take Transit or Carpool

In your insurance company’s eyes the more you drive, the more likely you are to get in an accident.  And driving during rush hour (which is when most people commute to work) can be even worse.  This is why insurance rates are higher if you drive your vehicle to work.  Go green and take the bus, train, or join a carpool group to save money on your insurance, and the other costs associated with driving your car to work.

6. Drive Better

Your insurance premiums are affected by your driving record, so it pays to keep it clean.  Tickets and convictions have a negative effect on your insurance rates for up to three years, and accidents can affect your rates for much longer (6 years or more!).  Drive safe every day to keep your insurance rates low.

7. Choose Your Vehicle Wisely

The type of car you drive influences your rates, depending on the average cost of claims for that make and model.  For example, four wheel drive vehicles often cost more to insure than their two wheel drive counterparts, as mechanical repair costs in the case of a collision on four wheel drive vehicles are generally more complex (and therefore more expensive).  Your insurance company will also look at how often a vehicle is stolen.  Before purchasing a new (or newer) vehicle, it is wise to check in with the Vehicle Information Centre of Canada, which can show you the difference in theft and claim rates for different vehicles.  By choosing a lower risk car you can reduce your annual insurance premiums.

8. Cancel Collision Coverage

Collision coverage is typically a significant portion of your insurance premium, and if you’re driving an older car collision coverage may not be necessary.  The value of your vehicle can be drastically reduced if it is older, has higher mileage or if it’s in bad shape.  If the value of your car is worth the same or less than your deductible, you’re likely better off cancelling your collision coverage and putting the premium savings away to go towards purchasing another vehicle.

9. Get Educated

If you are a new driver, completing an accredited driver’s education course will result in significantly lower premiums for your car insurance in Canada.  Though the course will cost you initially, you’ll be safer on the road, and you’ll save on your insurance premiums every year.

10. Install an Anti-Theft Device

Your car is at a lower risk of being stolen when you have an anti-theft device.  Though most cars today come with a factory installed alarm system, and your insurance provider will have already discounted your policy to compensate for that, additional security measures may qualify you for an additional discount.  Check with your insurance company and see if having an alarm or immobilizer installed in your vehicle can further reduce your rates.

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