Looking for a new car insurance policy? Or just feel like you’re paying higher rates than you should be? Not all car insurance policies are equal, so you need to make sure you’re getting the best rate. Here are 5 tips for car insurance that will help you get the best coverage for your money.
No two policies are the same. And if you’ve been with the same insurance company for a long time, you might not be privy to the better options out there. That’s why we recommend to shop around every year to find the best deal for your lifestyle. Talk to an insurance broker who can get you quotes from several different car insurance providers to see who has the best premiums for your driving record.
Ask About Multi-Policy Discounts
Do you plan to have other insurance policies, such as life and home insurance? Multi-policy discounts are one of the biggest discounts you can receive from an insurance company. Be sure to ask about multi-policy discounts to see if you can save when you bundle your policies together.
Buy a Car
The type of car you drive has an impact on your insurance rates. And you can lower your rates simply by doing some research before purchasing a new car. Look for a car that is not on the Insurance Bureau of Canada’s Most Stolen Vehicle list. Avoid choosing older vehicles, or ones with high crash test ratings to avoid paying higher rates.
Add Your Teen to Your Policy
If you have a newbie driver in the family, you might be able to save more money if you add them to your existing policy. Talk to your insurance broker to find out what policies are best when for insuring your children.
Read the Fine Print
The lowest premium doesn’t necessarily equal the best policy. Some insurers offer low premiums but charge more for other things. For instance, you might end up with a higher deductible which will cause you to pay more out of pocket when a file is claimed. Some will even jack up the premium after you’ve had an accident. So it’s important that you read the fine print to look for any coverage you don’t need, and to ensure you have enough to replace your vehicle if an accident occurs. If you don’t understand the terms, talk to a professional who does before signing on the dotted line.
Let us help you find the best policy for your lifestyle and budget! At Rowat Insurance, our brokers work for you and not the insurance companies. We’ll find the protection you need to safeguard your vehicle, home, business, and retirement. Contact us today to learn more or to get a free quote!