Auto Insurance Canada

1. Shop around
The only way to make sure you are getting the best base price for your auto insurance is to compare rates each year.

2. Make sure all your cars are on the same policy
Most auto insurance companies offer a "Multi-vehicle discount" (up to 15%!) for customers who insure more than one car on the same policy.

3. Insure your car and home with the same company
This will qualify you for a "Multi-line discount" of up to 10%.

4. Increase your deductibles
The higher your deductibles, the lower your insurance premiums. If you can afford a $1000 repair job, then raise your deductibles to $1000 and pay less for your auto insurance.

5. Older car? Think about dropping your collision coverage
Consider the value of your collision coverage. If you had a 10-year-old car that is worth about $1000, and your insurance deductible was $1000, it's not worth it to purchase collision coverage.

6. Drive carefully
Your driving record is one of the most influential factors in determining your auto insurance rate. A bad driving record means higher auto insurance premiums.

7. Drive a "low-risk" car
Auto insurance rates 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.

8. Don't drive to work
The more you are on the road, the higher your chances of getting in an accident. Auto insurance rates are higher for people who commute to work.

9. New driver? Take a driver's training course
Most auto insurance companies offer a discount to newly licensed drivers who have completed an approved driver-training course.

10. Have an anti-theft device installed in your car
Some auto insurance companies will give you a discount for having extra theft protection on your car.

Article provided by kanetix.ca.

Auto Insurance Websites

Auto Insurance Canada

Canadian Auto Insurance

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