By comparing the lowest car insurance rates or bundling your insurance coverage, we’ve identified 15 ways to save on auto insurance in Canada.
We all want to get the most competitive car insurance quotes for our vehicles from the top reliable car insurance, especially when renewal time comes. Still, it’s not always easy; that’s why we will share with you the top 15 hacks that even experienced drivers don’t know.
Good credit score
Your credit history is an essential element of your finances, and insurance companies look at an applicant’s credit score to determine how risky they could be. A low credit score and a poor background can impact your quoted price. Therefore it’s crucial to ensure you have a credit history that is accurate and free of any mistakes and before you start looking for your car insurance, make sure that your credit score is in great ranking.
Think of usage-based insurance
Usage-Based Insurance (UBI), also known as Telematics, is a “pay-as-you-drive” insurance plan based on the driving you do in contrast to what the insurance provider considers you to be doing.
Modern technology means that UBI can monitor your miles and record the amount of safety (or riskily) your driving. Drivers who have UBI policies could save as much as 30 percent off of their annual insurance premiums. The drawbacks include privacy issues, the lack of accuracy in certain situations, and penalty charges for the driver when the system detects reckless driving.
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