Canadian Auto Insurance

There are a multitude of ways to secure a lower auto insurance rate, the good news is some of them are as easy as 1-2-3!

Drive Carefully

The second most effective way of lowering your premium. Careful drivers have less accidents, therefore less insurance claims, therefore they are seen as less of a risk by insurers, therefore they pay less!

Drive a low risk Vehicle!

Ever wonder why a Ferrari costs more to ensure than a 1 litre hatchback? Well, in general, the claim history of Ferrari’s are higher than 1 litre hatchbacks, they get stolen more, driven at higher speeds and are in more accidents! Keep this in mind when buying your car!

Anti Theft Devices

Any device that lowers the probability of a claim being made on your insurance policy will also lower your premium. Thus, devices that decrease the chance of a vehicle being stolen and subsequently claimed on (as in the case of an Anti-Theft device)  are likely to lower your premium!

Line Discounts

Scratch  insurer’s backs and they will scratch yours. The more business you send their way, such as including your home/life insurance with your auto insurance, the bigger a discount they will offer you!

Lower your deductibles

Deductibles are inversely proportional to insurance premiums. In plain english, the higher your deductibles the lower your premium and vice-versa. So if you can afford to pay for a $1000 dollar repair job if needs be, raise your deductible to that level and save on your premium!

Shop Around

The best way to save money. By shopping around you make insurance companies compete for your business. It need not be time consuming, simply compare prices from rival insurers with a free online comparison. Rates can vary wildly,  see who will offer you the cheapest quote! Click on http://www.kanetix.ca/auto-insurance and see what you can save!