Save $100 in 10 Minutes: Car Insurance Tips That Save You Money
Whether you’re getting ready for a big summer road trip, getting to work, or owning your first vehicle, there is one thing you all have in common: insurance. Car insurance is a necessary expense for vehicle owners.
It’s up to you to keep your costs down, and here are some excellent ways to reduce your insurance fees without skimping on coverage. Coverage is going to change from province to province, so be sure to talk to an insurance agent in your region to get the most up to date news, tips and savings thoughts.
Drive Safely
Safe drivers get better benefits! The longer you drive without accidents and incidents on your record, the more cost-effective your insurance will be. In many provinces, this caps out after 10 years, but that decade of safe driving can save you hundreds of bucks. Keep that in mind as you drive safely behind the wheel – and avoid that next mid-intersection U-turn.
**Multiple Vehicles?**Same Policy
If you have a few vehicles in your household, be sure to register them under the same policy. There are insurance providers in Canada this give discounts when you bring more than one vehicle into the fold. You’re spending the money anyways, so you may as well get the best deal possible.
Know Your Coverage
Make sure you’re getting the best deal, and only paying for the insurance that you need. Keep this in mind if you wind up moving closer to your office, drive less often, or change the primary operator of the vehicle. Recently, I found out that I was paying about $25 extra per month on my insurance since I moved apartments! That was $300 year, that I was able to cut right out!
Drive a Safe Car
While I’m sure we’d all love to be ripping around in a Lamborghini, a more sensible car will usually cost much less on insurance. Buying a car from a reputable and safe company can go a long way towards saving you additional bucks when it comes time to buy insurance. Safer cars means lower costs in the long run for insurance companies – and they pass some of those savings on to you.
Stay safe on the roads out there, Mogo-ers.
