If one of your friends or family members got a better car insurance
premium than you, it isn't because they know someone in the industry,
or they got lucky, all they did was follow these 4 simple steps
to lower auto insurance premiums:
1. COMPARE RATES
let me say this another way SHOP. I can't believe that we would
shop for the best prices for a computer, furniture, clothes and
even CARS but when it comes to buying car insurance we get the quote
from the agent we will ask about discounts and deductibles and then
say OK. Why do we do this? There are two myths that we have that
stops us from shopping around for the best car insurance rate, here
they are: all insurance companies charge the same rates, so no need
to shop shopping is for those people who have tickets and/or accidents
or are newbie drivers
... if you buy into those two myths then it's costing you money
on your insurance premiums. Even if your driving record is totally
clean, you STILL can be paying too much for your car insurance because
the rates vary between companies and YES even for the same coverage.
Take the time to get
Canada car insurance quote online
YOUR RATES, COMPARE and SAVE
Increase your deductibles ...
a deductible is the the amount of the claim that YOU pay and then
your insurer kicks in and pays what's left. We all tend to pick
a lower deductible so that the money we have to pay out of our pocket
is lower when we do submit a claim. But, if we went with a higher
collision and comprehensive deductible it would lower our car insurance
rate substaintially. The key here is to raise the deductible to
the highest amount that you can afford out of your pocket so that
you can see a better rate on your car insurance premium.
you have an older car you may want to consider dropping collision
all together - BUT THINK ABOUT THIS! You need to sit and seriously
weight the cost of the collision coverage with the value of your
car and the deductible you have chosen. What I mean here is, if
you had a ten year old car and it was worth about $1000 and your
deductible was the same price - your collision coverage isn't going
to be worth much is it? It is a PERSONAL decision, one that you
need to be comfortable with, if you aren't then don't do it.
3. As about the discounts ...
insurance companies offer discounts, it's a matter of asking for
them. Here are a few of the specific ones you can ask about:
- we all know the common one - when you hit 25 the rate drops
discount - if you have more than one car you will get a discount
if you insurance them all with the same company
discount - if you have a car, house, cottage and you insure them
all with the same company
discount - some companies will give you a discount based on the
anti-theft devices you have
mileage discount - if you don't drive often then your risk is
lower so ask about a low mileage discount
discount - some occupations can get a discount Auto club discount
- if you are a member of CAA or some other auto club there may
key here ... ASK it may be a no but if you don't ask it's a no already!
Drive carefully ...
ok, I hear you - sometimes a lot easier said than done and of course
"stuff" happens. But know that the key factor in calculating your
insurance rate is your driving record. Tickets and accidents you
are at fault for affect your rates and do so for years. Tickets
affect your car insurance rates for three years and accidents are
on your record for about six, so think about what you're doing!!
ALL have to pay car insurance in Canada, that's the law. However,
we DON'T have to pay huge car insurance premiums, take the time
and use the 4 steps above to help you save.
Dennise Ryder writes from her home in Toronto, Ontario, Canada.
Many people are paying way too much for car insurance, check and
make sure you aren't one of them,
online auto insurance quote canada
Car Insurance - Is It Worth Shopping Around?
Tips On Keeping Auto Insurance Rates Down