Your car’s safety rating
Vehicles with high crash test scores, low theft scores, and are not attractive or draw a lot of attention usually get lower prices. Sure, it’s enjoyable to drive a fancy red sports vehicle; however, is it worth the price?
Pay your premium all at once
Some car auto insurance companies provide a substantial reduction on the cost of your car insurance when you pay the full amount in one lump sum at the time of your policy renewal. They may also offer a lower discount if paying bi-annually. A further benefit is that you’ll be able to avoid the possibility of not making the monthly payment and thus incurring NSF charges or cancellation of your policy.
Bundle more policies together
Do you have homeowners, renters, RV, boat, or motorcycle insurance? Do you have multiple persons living in your house who also require car insurance? Some insurance providers huge discounts when you bundle your insurance, ranging from 5%-25 percent depending on the policy, and the most common one is when you bundle tenant and car insurance.
Consider a higher deductible.
If you’re happy having a higher cost out of pocket for you in case of an accident, you could consider a greater limit on deductibles, such as $500 or $1000. Certain companies will allow you to go further than that.
Take your time to shop around.
It is not a one-and-done purchase. If you are a resident of Ontario, You are likely to pay the highest rates in the country.
If you’re in a region with a lot of competition, look around to find the most competitive rate. Reviews on the internet can assist you to compare car insurance in Ontario and learn about the companies that have the best price for your situation.
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