Call for a quote: 1-866-358-2860

Ways to save on your Car Insurance


All insurance premiums are calculated according to the same guiding principle: the greater the risk and the expense of resolving claims, the greater the premium. On the basis of these variables, insurance companies determine your rate. You can save money on auto insurance by being aware of the ones that apply to you. what kind of vehicle you drive Certain automobiles cost more to fix or are stolen more frequently than others.

Savings Advice

Take insurance expenses into account when purchasing a car. Your insurance may be less expensive if you choose a car with superior security and safety features and a lower theft rate. How much you drive and where: The more you drive, the greater the chance of an accident. Due to the greater number of vehicles on the road, city drivers or daily commuters are more likely to be involved in a collision. Save money by riding public transportation or carpooling whenever possible. If you incorporate this into your daily routine, your insurance will be lower and you’ll pay less on gas, parking, vehicle upkeep, and other expenses related to commuting to work.

Your driving history and claim history High-risk drivers are those who have a history of accidents, speeding tickets, or insurance claims. Your premium may go up if you receive one or more convictions. Also, if you have been convicted of a serious crime within the last three years or have had several accidents for which you were at fault during the last six years, you may have to pay more. Get a solid driving record to save money. By being careful and following the rules of the road, you can lessen the likelihood of an accident. These are three quick strategies to increase your driving security and lower your gas prices. Your age and prior driving history Between the ages of 16 and 25, collisions with younger drivers are more frequent and severe. Because of this, premiums for seasoned drivers with spotless histories are frequently lower. Instead of being the primary driver of their own vehicle, young drivers can gain experience by being a “named” or “occasional” driver on their parent’s or guardian’s insurance policy. Premiums for secondary drivers are less expensive than those for primary drivers. If a young driver enrolls in an insurance provider-approved driver education course, they may also qualify for a discounted cost. What kind of insurance you buy Most drivers get collision and comprehensive insurance in addition to the required coverage. Also, you can strengthen your Third-party Liability defense. Save money by not purchasing coverage that you don’t require. For instance, having collision or comprehensive coverage on a car with a value of less than $1,000 could not be financially viable.

Consult our Insurance Advisor to establish the appropriate level of coverage. deductible amount: The fraction of a loss that you are obligated to cover is your deductible. Raise your deductible for savings. With a higher deductible, your insurance company will only contribute a smaller portion of the repair costs. Your premium is consequently lower. Bundle Insurance Auto Insurance  Home Insurance IBC Home Insurance   Author – Gurkirat Singh


Share this article


Recent posts


Popular categories

Frequently Asked Questions

How Long Does It Take to Get Your M2 in Ontario?

In Ontario, it typically takes at least 18 months...

What is the Difference Between M2 and M License Ontario?

In Ontario, the main difference between an M2 and...

Does My Insurance Cover Rental Cars Canada?

Whether your insurance covers rental cars in Canada depends...

How Often Do You Need to Renew Your MTO Sticker?

You need to renew your MTO (Ministry of Transportation...

How Far Should You Park from a Fire Hydrant?

You should park at least 3 meters (9 fts)...

How Effective is Pumping as an Emergency Braking Method?

Pumping the brakes as an emergency braking method can...

How Much is Renters Insurance?

The cost of renters insurance varies based on factors...

How Much is Insurance for a New G2 Driver in Ontario Per Month?

The cost of insurance for a new G2 driver...

Why Are Houses So Expensive in Canada?

Houses in Canada are expensive due to a confluence...