Car insurance is expensive, and car insurance in Ontario is even more expensive. There are many ways to make your insurance premiums more manageable, here are 10 things that you can do to lower the price of your insurance, and keep it under control when it comes time to renew your policy.
- Choose Drivers Wisely
Even occasional drivers can affect your insurance policy. If you have a relative or occasional driver with a poor record, it may be wise to take them off of your policy until they can improve their driving record.
- Combine Insurance With Your Partner
Combing your insurance coverage with a partner is one of the easiest ways to get a discount on your policy.
- Take A Defensive Driving Course
Even if you’re an experienced driver, taking a defensive driving course could help you improve your driving skills, and if you take your course at an MTO approved driving school, you could qualify for a discount. Ask your broker if your insurance company has a specific driving school that they recognize for insurance discounts.
- Compare Your Quotes Annually
Each year you have the opportunity to compare your quotes and decide whether you’re staying with your current provider, or going with one of a cheaper car insurance quote in Ontario. Don’t automatically assume that your rate is the best each year, you may be leaving money on the table.
- Drive A New Car
When you drive a new vehicle, you could save up to 10% on your car insurance policy. If you’re in the market for a new car, talk to your insurance broker to see what make and model will provide you with the best insurance policy.
- Use Winter Tires
Winter tires are one of the easiest ways to save on your car insurance premium. It also makes your car safer to drive, so you’re less likely to get in an accident.
- Drive A Hybrid Or Electric Car
Some car insurance providers offer a discount of up to 10% when you drive a hybrid vehicle. Compare rates from different insurance companies to see which one will give you the best price if you’re in the market for a hybrid car.
- Keep A Clean Driving Record
Keeping a clean driving record is the number one way to save on your car insurance. The better your driving record, the more likely you are to get a cheap quote for your Ontario insurance policy.
- Install An Anti-Theft Device
One of the reasons car insurance is more expensive in Ontario is because of the higher instance of theft. Installing anti-theft devices in your vehicle will help you avoid theft, and will get you a discount on your car insurance.
- Don’t Count On Loyalty
Just because you’ve been with one insurance provider for a long time, doesn’t mean you’re getting the best quote that you possible can for your Ontario car insurance policy. Shop around on sites like Rates.ca, where you can compare policies from every leading insurance company in Ontario.