Simple Tips To Save On Car Insurance

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The more informed you are about insurance, the less you’ll have to pay on your premiums. Check out these tips that could help you save on car insurance by being better informed on how to take advantage of savings.

1. Keep a clean driving record

Good drivers are rewarded with extra savings. If you are able to keep a clean driving record and avoid accidents, that results in fewer claims, and fewer payouts for us. A win-win for everyone.

2. Bundle auto and home insurance

Bundling your home and auto insurance with us is a smart way to keep things organized, plus you have one place that understands all your coverage needs. Most importantly though, it means you get extra discounts.

3. Remove collision coverage on an older car

When you feel that it makes more sense to buy a new car instead of repairing your old one, it might be time to also think about giving up your collision insurance on that older car. All this means is weighing the cost of collision coverage with the value of your car and chosen deductibles.

4. Look for preferred group insurance rates

Being a member of certain employer groups, alumni associations, and professional associations has its benefits. It means you could be eligible for preferred rates and extra ways to save on your insurance.

5. Save when student drivers are at school

Do you have a student driver on your policy? Did you know that if they go to an accredited post-secondary school full-time, you could qualify for a discount on your coverage? It’s an easy way to save on your car insurance.

From a second car, to a recreational vehicle or motorcycle, adding more vehicles to your policy is a really efficient way to save money on car insurance.

7. Increase your deductible

Insurance is designed to give you a safety net for damages and expenses you couldn’t afford to pay all at once on your own. Your deductible is an out-of-pocket expenseIf you can afford a higher repair bill than your current deductible, consider raising it to a limit you feel comfortable with. The higher your deductible, the lower your insurance premium.

8. Use winter tires

Bad weather makes good driving a little harder. Winter tires have been proven to reduce accidents and fewer accidents means fewer insurance claims. Some provinces offer an extra discount on your insurance premiums if you have winter tires.
*not available in all provinces

9. New driver? Take a training course

Taking a driving course can equip new drivers with better driving skills. Any licensed driver who has completed an approved driver's training course in the last three years may pay lower premiums.
*not available in all provinces

10. Drive a hybrid or electric vehicle

To reward you for making an effort to be more environmentally friendly, we can offer you a special discount if you own an IBC*-approved hybrid or electric vehicle.
*IBC stands for Insurance Bureau of Canada

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