How To Save On Car Insurance
We all know how very pricey it can be to insure our vehicles. Convenience comes at a cost, right? But rest assured, there’s something that you the consumer can do to cut down the cost. Believe or not, there are a good number of simple and effective tips on how to save on car insurance in Canada. First off, the best practice is to compare car insurance quotes online when shopping for auto insurance. With a simple online search, you’ll find that many websites offer fast and easy ways to compare and purchase auto insurance online. Gather a few quotes and compare coverage offered to find the best car insurance company for you. If you plan to insure more than one vehicle, be sure to look into multi-vehicle savings discounts. Many insurance companies will offer their customers a discount for insuring multiple vehicles with the same provider. In addition to this, don’t hesitate to consider compounding your insurance. Auto insurance companies often apply an addition 5-10% discount off of your total cost if you decide to purchase both home and auto insurance through them. On top of all the other tips previously mentioned, there are still a few more you can start on as soon as today. First and foremost, as intuitive as it may sound driving better can save you money in the long term. Insurance premiums are heavily correlated to your driving record, so the cleaner you keep it the more you save. Driver’s Ed classes are also nothing to be overlooked, especially if you’re a new driver. Although classes will cost a bit at first, you’ll consequently save on your premium yearly, and have new found knowledge which makes this a wise investment. Moreover, be sure to take the specs and safety features (insurance premiums are also affected by these factors) of a car into consideration when looking to purchase a vehicle you plan to insure. Installing an anti-theft device is a simple yet beneficial way to provide an additional level of security for your car as well as reduce your rate. In direct regards to your insurance policy, going for higher deductibles will ensure that you’re getting the lowest insurance premium. As long as you can afford any out of pocket costs that may come into play in the event of an accident, consider going for that $1000 deductible as opposed to the $500. You can also cancel collision coverage if you’re driving an older car with a value that is equal to or less than your deductible. Collision coverage is a good portion of the average premium cost, and is also one of the most effective ways to cut down on the total cost of your auto insurance.