The Top 10 Secrets to Cheaper Auto Insurance

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Ok. So maybe they're not secrets, but they sure aren't common knowledge either. The more you know about how insurance works, the more you'll be able to save off your premiums. Follow these simple tips and you'll not only become a more informed consumer, but you'll have everything you need to know to maximise your savings.

1. Get a quote & apply online
2. Make sure all your cars are on the same policy
3. Insure both your car and home with the same company
4. Increase your deductibles
5. Older car? Think about dropping your collision coverage
6. Drive carefully
7. Drive a "low-risk" car
8. Don't drive to work
9. New driver? Take a driver's training course
10. Have an anti-theft device installed in your car

1. Get a quote & apply online
Auto insurance coverage may be standard throughout your province, but insurance premiums are another story. Coverage from one company to the next can vary by hundreds, if not thousands of dollars. The only way to make sure you are getting the best base price for your policy is to compare, compare, compare.

2. Make sure all your cars are on the same policy
We offer a "Multi-vehicle discount" for customers who insure more than one car on the same policy. This can bring you savings off both cars.

3. Insure both your car and home with the same company
Again, this will qualify you for a discount called the "Multi-line discount". We offer this savings as an incentive to get your property insurance business too. It's all perfectly legal and it's a great way to get another discount off your premiums.

4. Increase your deductibles
In a nutshell, the higher your deductibles, the lower your insurance premiums. Insurance was really meant to cover you for damages you could never afford on your own. If you can afford a $1,000 repair job, then raise your deductibles to $1,000 and pay less for your insurance.

5. Older car? Think about dropping your collision coverage
Dropping your collision coverage may affect any claim you may file differently depending on your province of residence. In some provinces, if you do not have collision coverage and you are involved in an accident where another person is at fault, your insurance policy may not cover damage to your vehicle. Please contact one of our insurance professionals to discuss the scope of this coverage.

6. Drive carefully
Your driving record is one of the most influential factors in determining your insurance rate. Tickets affect your insurance rates for up to three years and accidents stay on your record for at least six! With a bad driving record, you can find yourself paying a lot of extra premium over the years.

7. Drive a "low-risk" car
Insurance rates for cars are based on the previous claims history for that vehicle. The more likely a car is to be stolen or in an accident, the more you pay for insurance. If you are buying a new car, check with the Vehicle Information Centre of Canada or compare quotes to see how your dream-car rates. This may influence your purchase.

8. Don't drive to work
The more you are on the road, the higher your chances of getting in an accident. Insurance rates are higher for people who commute to work. So taking the bus or sharing a ride will not only help you save on parking and gas, but will help lower your insurance premiums.

9. New driver? Take a driver's training course
Licenced drivers who have completed an approved drivers training course in the last 3 years pay lower premiums. Safer drivers pay lower insurance rates.

10. Have an anti-theft device installed in your car
We recognise your car is less likely to be stolen if you have an anti-theft device installed in your vehicle. Check to see if your company offers this "Alarm or anti-theft discount" and consider if the price of the device is worth the added savings over the years. If you already have an approved, factory-installed alarm in your car, we will take this into account when determining your rate.