With the roads becoming increasingly more dangerous, it’s never been more crucial to secure good auto insurance. Finding affordable Ontario car insurance may seem like a daunting undertaking, but there are numerous ways to ensure that you get the most bang for your buck. Here are some savvy tips on how to save money on car insurance in Ontario.
Shop The Market
Before deciding on an auto insurance company, it’s prudent to perform diligent research. A simple web search will lead you to the top insurance companies in your region. From there, get multiple quotes; that way, you can compare auto rates.
Factor in the Car You Drive
There’s a direct correlation between the price of your car and auto insurance rates. The more expensive the car, the pricier the insurance. With that said, be prepared to pay substantially more if you fancy riding in luxury. If the cost of your car insurance is that weighty, you may want to opt for a more affordable and modest vehicle.
Merge Policies
As a policyholder, you reap more benefits if you combine existing policies. Not only does this make your auto finances easier to manage, but it demonstrates loyalty to your carrier as well. Though many hands make light work, fewer policies make larger savings. Best of all, insurance agencies are known to offer discounts to devoted consumers.
Consider Your Credit
Your credit follows you everyone and plays an integral role in your life whether you’re aware of it or not. Carriers will undoubtedly examine your credit history before cementing a rate. If your credit score is poor, your auto insurance will likely be higher than those with good financial standings. It’s for this reason why some budding car owners work towards repairing their credit before purchasing new car insurance.
Increase Your Deductible
Financial advisors recommend setting your deductible at $1,000. Studies reveal that individuals can save nine percent by upping their deductible from $500 to $1,000. Having your deductible at $100 is imprudent. In short, you’d be spending money on insurance you don’t need. With that in mind, one surefire way to save cash is to increase your deductible.
Put A Premium On Safety
A driver with a clean record is a godsend in the eyes of an auto insurance firm. Not only does this exhibit safe driving, but it shows that you’re responsible as well. Simply put, the more reliable the driver, the more affordable the insurance.
