Getting The Best Canadian Car Insurance Quotes

For getting the best rates on Canadian car insurance, you want to follow some basic, elemental steps, eh?

To begin with, always shop around. The most convenient way to do this is to use the Net and go to places such as Kanetix to generate competitive quotes from a host of different leading car insurance providers in Canada. You will want to compare and contrast these prices every year as your own policy comes up for renewal. Another thing you wan to do is to make sure that all of your cars are on one policy. Canadian car insurance companies usually offer a “multi-vehicle discount” that can save you as much as 15% off of what would be the total cost for paying all the premiums on different cars separately with each car having its own policy if you carry them all on just one policy. It saves them time and administrative costs, so they pass those savings onto you—and, it’s simpler than having many policies anyway. Another way to save money on car insurance is to insure you car with the same company that carries your homeowner’s policy. You’ll typically save another total of 10% by doing this.

Going further, you can save on premiums by raising your deductible. The higher your deductible, the lower your premium. Figure out in round numbers the amount you could afford out of pocket for car repairs in the event of an accident and match your deductible to that amount, and save money on premiums. Remember, insurance is for the unexpected, not the probable. Save on premiums even more by dropping your collision coverage if you are driving an older car. Why pay premiums for $1500 worth of collision coverage on a car that’s only worth $1200, or even as much as $1500?

As far as driving…remember to drive safely, as your driving record affects your premiums. Drive a low risk car and if at all possible do not drive to work. Accidents happen most during rush hours and traffic jams and insurance rates are partly based on a car’s “riskiness” (so sports cars cost more to insure than vans, for example).