Car Insurance in Canada - The 4 Keys to Paying Less On Your Car September 28, 2007
Posted by admin in : Car Insurance Articles, Tips On Car Insurance Selection , trackbackAuthor: Dennise Ryder
Article:
If one of your friends or family members got a better car
insurance premium than you, it isn’t because they know someone
in the industry, or they got lucky, all they did was follow
these 4 simple steps to lower auto insurance premiums:
When it comes to car insurance in Canada, many of us pay too
much. If you happen to know someone who has the same driving
record as you do, yet they are paying less, it isn’t an accident
and no the insurance company. What they more than likely did was
used these four ways to get the lower rate:
1. RATE COMPARISON
Ummm, let me say state this differently, the SHOPPED! We shop
prices for cars, computers, clothes, and these days EVEN gas,
but when it comes to car insurance we get the quote from the
insurance rep and say “ok” and pay the rate without even
shopping it!
There is a couple of reasons why we do this and incidently, they
are myths … here is why we don’t shop
Myth #1 - there is no reason to shop because when it comes to
the coverage there is no difference between insurance companies,
they all charge the same price
Myth #2 - shopping rates is for new drivers who don’t have
insurance yet or those people who have had accidents or tickets.
Those myths need to be BLOW OUT OF THE WATER! If you believe
them it is costing you money!
If your driving record is clean you are probably still paying
way to much for car insurance, because car insurance companies
DON’T all charge the same, they’re rates do very and in some
cases they differ a lot.
Take the time to get Canada car insurance quote
2. Deductibles, consider raising them …
A deductible is the the amount of the claim that YOU pay and
then your insurance company pays the rest if you are involved in
an accident. We usually take the lower deductible because of
course we want to pay less out of our pocket and have the
insurance company kick in more. Good in theory, but, of course
it doesn’t work that way, we are still paying in a higher
premium. If you go with a higher deductible it lowers your
premium, I mean we aren’t in accidents every day right? So, why
not elect to pay the higher deductible in order to save over the
long run on our rate?
3. Discount, hey do you offer any …
There are many insurance discounts you can take advantage of,
here are ones to ask for:
age - when you hit 25 the rate drops, there could be other
breaks as well…just ask! Multi-vehicle discount - more than
one car insured with the same company Multi-line discount -
insure the car, house, cottage and boat and get a break if it is
with the same company Anti-theft discount - get discounts based
on the anti-theft devices you have Low mileage discount - you’re
a lower risk if you don’t drive that much Occupational discount
- depending on the line of work you’re in you may be one Auto
club discount - CAA or some of the other auto clubs have
discounts.
The key here … If you don’t ask, you don’t get!
4. Watch your driving, …
I know, I know, things happen when you’re on the road. However,
keep in mind that in figuring out your insurance rates your
driving record is the key factor insurance companies use. The
accidents you happen to get involved in that are your fault and
the traffic tickets all factor in and remain with you for a long
time, so pay attention to what you’re doing!
Insuring our car is a must in Canada, it’s the law, but, if you
follow the four
We ALL have to pay car insurance in Canada, that’s the law.
However, we DON’T have to pay huge car insurance premiums, take
the time and use the 4 keys above you can save on car insurance
in Canada!
Comments»
no comments yet - be the first?