1. Make sure all your cars are on the same policy
Most insurance companies offer a multi-vehicle discount for customers who insure more than one car on the same policy.
2. Insure both your car and home with the same company
Again, this may qualify you for a discount called the multi-line discount. Most companies offer this savings as an incentive to get your home insurance business too.
3. Have an anti-theft device installed in your car
If you take measures to ensure your car is less likely to be stolen, then some insurance companies will offer an “Anti-theft discount” if certain anti-theft devices are installed.
4. Ask about other discounts you might be able to get
Additional common discounts include the age, low mileage, occupational and auto club discounts all of which could save you money, if you qualify.
5. Increase your deductibles
The higher your deductibles, the lower your insurance premium so raise them as much as you can. Keep it affordable though, because this is how much you’ll have to cover if you need to submit a claim.
6. Drive carefully
Drivers with no accidents, tickets or insurance claims almost always pay less for their auto insurance coverage. With a less than perfect driving record, you can find yourself paying much higher insurance premiums over the years.
7. Don’t believe the myths about auto insurance premiums
Auto insurance premiums across insurers are not the same. In fact, each insurer’s car insurance rates are so unique to them that it’s safe to say that no two are alike.
8. Shop around
Get quotes instantly online. At www.kanetix.ca, for example, you can get online quotes from competing insurers to see if you can save money on your premiums.
9. Compare apples-to-apples while shopping
When comparing rates, include the same deductibles, coverages, and limitations so you’re comparing like rates. At comparison sites where you can actually compare competing rates side-by-side, they’ll do this for you.
10. Never pay for a quote
When shopping around for auto insurance you should never pay to get a quote. Quote comparison services like www.kanetix.ca do not charge you to get quotes from competing insurers and do not tack on fees to the quotes you see.