Lower Your Car Insurance Today
Car insurance—it is one of those necessary items that all drivers must buy. However, just because you are required to have it does not mean you have to pay top dollar. There are plenty of ways to lower your car insurance premiums. By knowing what affects car insurance rates, you may be able to save yourself a few dollars each month.
Tips for Lowering Car Insurance Rates
As a driver, you should review your car insurance premium regularly to make sure you are getting the best rate. Some things you can do to potentially lower your rate include:
- Signing Up for a Usage-Based Program – Usage-based programs may save you 10 to 15 percent per year on your car insurance premium. You will have to use a GPS tracking device that monitors your driving habits, how many miles and how frequently you drive, etc., but it could lower your rate based on what is tracked.
- Remember Multi-Policy Discounts – Most insurance companies offer multi-policy discounts if you run all of your insurance policies through them. This can include homeowner’s insurance, renter’s insurance, multiple cars, motorcycles, etc. Contact your insurance company to ensure you are getting the multi-policy discount.
- Raise Your Deductible – The higher the deductible, the lower your insurance premium. Raising it in $100 increments may lower your monthly premium.
- Cancel Collision – If you are driving an older car that is not financed, you can cancel collision coverage. Only do this if the coverage is worth more than the actual vehicle.
- Be Smart About Vehicle Purchases – The type of car you drive affects your insurance premiums. Four-wheel drive vehicles and sports vehicles cost more than two-wheel drive, safer vehicles. Before purchasing a vehicle, go to the Vehicle Information Centre of Canada to see the theft and claim rates per vehicle type; this will help you gauge if your insurance will go higher or lower.
Driving Schools and Car Insurance
Insurance premiums are also affected by your driving record. Taking a defensive driving course in Vancouver makes you less likely to be in an accident. Although taking the course will not automatically impact your insurance premiums in BC, it helps you practice safe driving. If you are a senior citizen, taking a driving refresher course can also help lower your premiums.
North Shore Driving School Ltd. offers refresher courses and individual lessons at our driving school in Vancouver. Learn more about our driving classes or schedule your lesson today by calling 604-988-1138. You can also contact us online.