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The Best Tips to Save on Car Insurance

Car insurance is something that everyone needs to have. There are many different types of car insurance available, but the most popular is the standard car insurance. This type of car insurance will cover you in the event of an accident, theft, fire, vandalism and natural disaster.

Car insurance can be expensive and it is important to find a policy that fits your budget. The first thing you should do is get quotes from different companies so you can compare prices and coverage options. If you have a clean driving record or have taken a driver safety course then this will save on your premium. You may also be able to save on your premiums by bundling your home and auto policies together with one company. Check out the tips below to help you save on your car insurance today:

1) Combine your insurance together:

Most insurance companies offer discounts the more you have insured with them. Try to combine all of your insurance with the same company in order to maximize your discounts. Typically insurance companies will give a discount between 10%-20% for having all your insurance with them.

2) Drive Safely – Have a Clean Driving Record:

Having a clean driving record is one of the best ways to save on insurance. If you have an accident you will lose many discounts and may have to obtain insurance from a high risk company.

Most companies give you a discount for not having any tickets, which can range from 5% to 25%. If you have a major ticket such as a DUI, distracted driving, careless driving etc then your insurance could double or even triple in cost. Generally minor tickets such as speeding tickets will stay on your record for 3 years from the date you paid your fine for the ticket.

3) Ask for quotes before purchasing a car:

The car you drive can make a significant difference on how much you pay for your insurance. Cars today are filled with safety features that help avoid accidents and keep you safe. While those features do help to avoid accidents they tend to be much more expensive to repair if you are in an accident. This has led to insurance companies rating each car individually, using industry statistics to determine a fair premium for each vehicle.

4) Drive Less:

Driving your car less overall will save you not only on insurance but also gas, wear/tear, and maintenance. Insurance companies rate for how often you drive, so consider carpooling or taking a bus or train to work. If you have started working from home and won’t be commuting anymore be sure to let your insurance company know so they can update your rate for you.

5) Purchase winter tires:

Although the discounts are small for winter tires, it does make your vehicle safer and provides a small credit. Most insurers will allow the discount for the entire year, so you can add this discount even in the middle of summer as long as you have a set of winter tires.

6) Pay for your insurance upfront:

Most companies charge a fee for paying monthly, so it is best to pay for the entire year upfront if possible. Some companies also offer additional discounts for paying for your entire policy at once.

7) Reduce coverage on older vehicles:

If your vehicle is nearing the end of its life you may consider reducing coverage on the vehicle. Every policy has a deductible so if your vehicle is not worth a lot now, it may not be worth making a claim if your vehicle is damaged in an accident. You can always ask your insurer how much you will save by removing collision and or comprehensive coverage from your car.

8) Purchase a vehicle with additional safety features:

Some companies offer discounts for having additional safety features such as autonomous braking, blind-spot monitoring and lane departure warning. If you have these features ask your insurer if you qualify for any additional discounts.

9) Take Drivers Training:

Participating in a driver’s training program will give you additional discounts especially if you are a younger driver.

10) Park your car:

If you can manage without your car, insurers can suspend coverage on your vehicle until you need to start driving again.

At James Insurance we realize everyone’s situation is different, and we are here to help you during these difficult times. Please give our office a call 905-623-4406 if you have any questions and one of our experienced brokers would be happy to help.