There are several articles titled "7 ways to save on car insurance" or "5 tips to lower your auto insurance costs" etc. But would not it be nice to have all these spare tricks and discounts in one place? Below you will find such a list of car insurance. This list provides a comprehensive overview of all options for saving car insurance in Canada and was prepared on the basis of the results of numerous discussions with insurance brokers and through analysis of various insurance services.
first Buy around: Search, compare and change insurance companies. There are many insurance companies and their offerings on the same policy can be very different. Therefore, use more online tools and talk to more brokers as they each cover a limited number of insurance companies.
2 . Bundle: Do you need Home and Auto Insurance? Most companies will offer you discounts if you tie them together.
3 . Professional membership: Are you a member of a professional organization (eg Certified Management Accountants of Canada or the Air Canada Pilots Association)? So, some insurance companies offer you a discount.
4th Students: Being a student alone can result in a student discount.
5th Alumni: Candidates from certain Canadian universities (eg, University of Toronto, McGill University) may be eligible for discounts at certain insurance companies.
6th Employee / EU Members: Some companies offer discounts to union members.
7th Seniors: Many companies offer special prices for seniors.
8 thereof. Direct Insurance Companies: Do you always deal with insurance brokers / agents? Getting a policy from a direct insurance company (ie insurance companies working through call center or online) can often be cheaper (but not always) because they do not pay an agent / broker commission for each sold policy.
ninth Annual versus monthly payments: In relation to monthly payments, annual payments save the insurance companies' administrative costs (eg, shipment of bills) and therefore they reward you with lower premiums.
10th Loyalty: Living with an insurer longer may sometimes result in a long-term policyholder discount.
eleventh Annual review: Review your policies and coverage each year as new discounts may apply to your new life situation if it has been changed.
12th Welcome: Some insurance companies offer a so-called welcome talk.
thirteenth Benchmark Your Costs: Knowing how many other consumers who look like you pay for their insurance can help you identify the most cost-effective insurance companies.
fourteenth Car Insurance Deductible: Increase your car insurance deduction if you believe you are able to incur higher payments for damage in case of an accident. This is especially suitable for more experienced drivers.
15th Being another driver: Driving only once occasionally? Become a different drive instead of being a main driver
16. Minimal coverage: Driving an old car without great value? Get a minimal cover by law (mainly liability) without collision damage (you are still protected if you damage a person's car but damage to your car will not be covered)
17. Minimum coverage: Driving an old cheap car? Then you only get a minimum coverage plan required by law (primary liability) without collision damage cover (does not cover damage to your vehicle)
18. Take advantage of your credit card: Check if your credit card insurance includes rental car protection. Payment with a card that has insurance for rental car protection, you can save about $ 20 per. Day in fee for taxation charges.
19th Utilization of rental car cover: If you frequently hire cars and have a car insurance, you should check if your own car insurance actually covers the rental car. If so, you can save on all costs of collision damage deductions for rental cars.
20th Car Hire: If your existing car insurance does not cover your rental car, you can often add it as a rider (policy extension) for $ 20-30 dollars a year. Compared to $ 20 / day you pay when you rent a car, it's not a bad deal!
21st Location, Location, Location: Car insurance costs differ from one province to another (eg Moving from Ontario to Quebec will probably reduce your insurance costs by half). If you are moving within a province, check any changes in car insurance costs, and preferably move to where the costs are lower (eg Burlington, Ontario has one of the highest car insurance rates in Ontario)
22 . CAA member: CAA members: Are you a member of CAA? Some insurance companies will reward you with lower insurance premiums, including of course CAA.
23rd Dashboard Camera: Get a dashboard camera for your vehicle. Although installation of a dashboard camera does not lead to direct savings (insurance companies do not offer any insurance rebates related to dashboard cameras), but it may show you not in error when in an accident. This results in avoiding unfair prize promotions.
24th Driving Course: The graduate course is sometimes recognized by some insurance companies and can help you reduce your campaigns.
25th Improving Your Road Map: Do you have a bad roadmap? Every three years, the tickets are removed from your insurance history and your insurance premiums may fall.
26th Ved-ulykker: Have you been in a couple of accidents in the past where you owed? With a little patience (six years without accident) your risk profile will improve it to prevent you from enjoying reasonable insurance premiums.
27th Age: Senior drivers enjoy lower insurance premiums. So for several years your campaigns can go down.
28th Car brand and model: Choose your car, as some car models are more susceptible to theft or even have a history of more risky drivers (eg Toyota Camry, Acura MDX, Toyota RAV4 and Honda Civic are usually quite expensive to insure )
29. Good Student: Yes, having good grades can have many positive effects, and even on your car insurance rates! Eg. An insurance company rewards students under 25 years old and have good grades (B average B or higher) with a discount of up to 25%.
30th Multiple-Cars Bundle: Bundle more cars on a policy and your rate may go down
31. Anti-theft system: Installing an authorized anti-theft system in your car results in a lower risk of theft and can lead to insurance rebates.
32nd Winter tires: Winter tires are important for driving safety in the winter, but can also help reduce your insurance premiums.
33rd Repair costs: Select a car that would cost less to repair in case of damage. The repair costs for certain cars (eg Mini Cooper or BMW) are higher than others (eg Ford Focus), and insurers are aware of it.
34th Claim Story: Holding a pure replacement story can sometimes be more economical feasible than claiming minor claims that could lead to increased premiums. Contacting an insurance provider / broker can help you find out what makes sense.
35th To be married: In most provinces, your margin status affects your insurance premiums (except in Nova Scotia)
36. Short Distance to Work: Finding a house close to your workplace reduces the distance you need, driving daily to work and then resulting in lower insurance premiums.
38th Cover Glass Cover: For cars with cheap windscreens, it can be more economical to lose the glass cover page in combination with the deductions to be paid in case of an accident you pay more. It is up to you to calculate.
39th Retiree Discounts: Some insurance companies will offer different pension cards for drivers.
40th Handicap: Some companies offer discounts for the disabled.
41st Hybrid Vehicles: Many companies allocate driving to a hybrid car with lower insurance premiums.
42nd Private garage: Parking your car in a safe place (eg Private or secure garage) usually results in lower insurance premiums with car insurance companies.
Source by Alexey Saltykov