All car insurance are not the same; furthermore, they vary from company to company, cars, drivers, and cities in Canada. By the same token, you must understand your situation for Canada cheap car insurance. Fortunately, there are ways to get cheap auto insurance, which we shall tell you about in this post.
Ways to Get Cheap Car Insurance in Canada
You can try the following ways to get cheap car or auto insurance in Canada:
Choose the Right Car
When you buy a car in Canada, it is important to keep car insurance in mind. In this regard, you should do prior research on how a particular car will affect auto insurance. As an example, rare and fancy sports cars will cost you more to insure, as thieves often target such vehicles. Contrarily, you can get insurance at a super cheap rate for a minivan.
Furthermore, use the CLEAR table of the Insurance Bureau of Canada to discover vehicles with low claims. It will aid you in choosing the right car to eventually get lower car insurance rates.
Adjust Your Policy Bespoke to Your Needs
When it comes to buying auto insurance, different drivers have different needs. By the same token, you must find an insurance plan bespoke to your needs. Besides, the following are four mandatory coverages almost all across Canada:
- Third-Party Liability
- Accident Benefits
- Uninsured Auto
- Direct Compensation Property Damage
Aside from these mandatory coverages, you should review your car insurance policy. It will help you choose the right coverage tailored to your needs to save on auto insurance.
Use UBI Tracking as a Young Driver
Ponder UBI (Usage-Based Insurance) if you are a student or a young driver. Typically, young males pay more for auto insurance in Canada. With UBI tracking, you can track how you drive and monitor yourself on your own. It can also help you earn discounts. Besides, many auto insurance companies offer UBI in app form or a device to monitor drivers’ performance outside generic statistics.
Shop around to Get Quotes
Experts recommend that you do not count on the words of insurers that they are your best deal. Instead, you should find out on your own about the best deal. In this regard, you can research and use car insurance quoters to get quotes.
In addition, you can visit an insurance broker to help you find the best deal. Furthermore, we recommend you make shopping around and getting quotes an annual habit. Why? Because car insurance companies keep changing pricing all the time.
Maintain a Good Driving Record
Make sure you maintain a good driving record for Canada cheap car insurance. Besides, collisions and driving convictions can increase your rates for insurance. Further, they stay on the insurance record for years. By the same token, you should drive safely and responsibly while sticking to road rules.
Moreover, we would like to tell you maintaining best driving records over a long time means you pay low rates.
Talk with Your Provider or Broker about How to Get Discounts
Talk with your insurance provider or broker about how to get discounts. Besides, many insurance providers offer discounts. As an example, you may qualify for discounts as a union or club member. Thus, ask your insurance provider if you are a member to know your eligibility for discounts.
Bundle Your Policies
You can get discounts if you bundle your insurance plans, such as car and home insurance, from the same provider. Furthermore, you can get a multi-line discount if you drive multiple vehicles & insure them from the same provider.
Make Payments on Time
Make sure you do not miss any of your payments. Otherwise, it can lead to NSF (Non-Sufficient Funds) fees and overdraft charges. Furthermore, your insurance rate will go up when your provider needs to chase you down for payments. Therefore, you should make your payments on time.
Install Winter Tires
Aside from Quebec, which requires you to install winter tires, you get discounts on their installations in other Canadian provinces. You can qualify for a 3 to 5 percent discount with the installation of winter tires in Canada. Thus, you should install the tires to drive safely in the winter and get a discount.
Pay Premiums Annually, Not Monthly
Paying your premiums annually upfront lets you save some money with car insurance, unlike paying monthly.
Ponder Increasing Your Deductibles
The deductible is the initial amount you pay in the event of a claim, with your insurance provider paying the rest. Moreover, increasing your deductibles can lower your insurance premiums. Thus, you may consider increasing your deductibles to save on auto insurance.
Take an Accredited Driving Course
Taking the accredited driving course will eventually make you a safe and better driver. Thus, you should take that course to get a discount from your car insurance provider.
Install Anti-theft Devices
Many new cars already have immobilizers installed in them. Moreover, you may install anti-theft devices, such as steering wheel locking and GPS tracking devices, in your car. It can help you earn a car insurance discount.
To Finish
The following are the ways we talked about in this post to get Canada cheap car insurance:
- Choose the Right Car
- Adjust Your Policy Bespoke to Your Needs
- Use UBI Tracking as a Young Driver
- Shop around to Get Quotes
- Maintain a Good Driving Record
- Talk with Your Provider or Broker about How to Get Discounts
- Bundle Your Policies
- Make Payments on Time
- Install Winter Tires
- Pay Premiums Annually, Not Monthly
- Ponder Increasing Your Deductibles
- Take an Accredited Driving Course
- Install Anti-theft Devices
Media Contact:
Company name: Insurance Genie
Telephone: 1-416-508-7560
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Website: https://insurancegenie.ca/
“Insurance Genie” is a company with a team of insurance underwriters. It can help you get the best insurance rate in Ontario based on your needs for insurance.
