How To Save On Car Insurance

Get 30+ Car Insurance Quotes in 5 minutes

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.

Factors Affecting Your Auto Loan Interest Rate – Find the Best Car Loan Rates in Canada

Factors Affecting Your Auto Loan Interest Rate – Find the Best Car Loan Rates in Canada

I know this piece of information is going to make you shake your head in disbelief. Older cars often have higher interest than brand new ones. Yes. You read that right.  We’re here to help you get the best deal on our vehicle loan. Our company compares loan costs and interest rates. For more information and to get assistance with finding the best loan deals, click on: www.comparemyrates.ca
A Guide to buying a New or a Used Car in Canada

A Guide to buying a New or a Used Car in Canada

Buying a car can be a daunting task. There are many decisions to make and aspects to take into account. You have to decide what type of vehicle and brand you want, your budget, and whether you want to buy a new or used car. Fortunately, this in-depth Canadian car buying guide covers most of the important aspects that you should consider before making a purchase. It will make the process easier by walking you through the steps of buying a car in Canada.
Does your Vehicle Qualify for Classic Car Insurance?

Does your Vehicle Qualify for Classic Car Insurance?

Are you a classic car owner? If so, you probably spend a considerable amount of money, time, and effort to keep your car in tip top condition. And, like all automobiles in Canada, classic cars also need insurance. You may not realise that your classic car could cost you much less in insurance than a […]
Ontario’s Car Insurance Rates Rise for Third Straight Quarter

Ontario’s Car Insurance Rates Rise for Third Straight Quarter

Auto insurance companies in Ontario are raising their rates by as much as 1.11% on average during the second quarter of 2018, which means that drivers in Ontario continue to face higher premiums. This is the third straight quarter showing a rate increase. In the first quarter of 2018, auto insurance company rates increased by […]
Don’t Be a Speed Demon – What Traffic Tickets Will Cost You

Don’t Be a Speed Demon – What Traffic Tickets Will Cost You

Last April, British Columbia police tracked down a motorcycle driver for speeding. He had posted a YouTube video of himself speeding down a highway on Vancouver Island. The video showed him working his way between other vehicles at heart-stopping speeds of up to 300 km/h. Unfortunately for him, the 25-year-old motorist had multiple traffic violations […]
How do Insurers Determine your Car Insurance Rates?

How do Insurers Determine your Car Insurance Rates?

To legally drive in Canada, you’ll need more than a valid driver’s license issued by the provincial or territorial government. By law, drivers are also required to obtain auto insurance. Driver’s license fees are a fixed price, and a reasonably cheap one at that. But, Auto insurance can be quite expensive and often a long-term financial burden. Insurance […]