Reduce your expenses, starting with your auto insurance premium!
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Many different factors affect how much you pay for your auto insurance. Here are some tips to help you lower your premium!
1. Insure all your vehicles together
Insuring all your vehicles on the same policy can result in significant savings.
2. Rethink coverage for older vehicles
As vehicles age, they lose a lot of value. If your car is more than 10 years old, consider removing collision and upset coverage (Section B) and only keeping mandatory civil liability insurance (Section A) and insurance for theft, vandalism and glass breakage (Section B3). Talk to your auto insurance agent for personalized advice based on your situation.
3. Bundle your home and auto insurance
This usually results in premium savings.
4. Increase your deductible
This can help you save a lot on your auto insurance premium. Just make sure you can afford the deductible if you have to make a claim (for example, if you increase it from $500 to $1,000). Also, make sure you understand what this means—if you make a claim, the deductible amount may be higher than the cost of replacing certain items. For example, if your smartphone is stolen from your car, a $1,000 deductible is probably higher than the cost of a new phone. Read your insurance policy carefully.
5. Sign up for telematics
When you sign up for a telematics program like Ajusto® from Desjardins Insurance, your good driving habits can pay off with additional savings on your auto insurance premium. And with Ajusto®, your premium will never go up based on your driving—only down!
6. Keep your insurance file up to date
Updating your auto insurance file is a great way to control your premium. Many changes can even be made online, like with Online Services from Desjardins Insurance.
Over time, your professional, personal and family situation can change—make sure your insurance coverage keeps pace. Has your daughter moved into her own place? She might not need to be insured on your policy anymore. Did you get a new job closer to home? Update the estimated kilometres you drive each year on your policy. Always make sure your insurance matches your profile!
7. Drive carefully
Safe driving isn’t just the best way to prevent accidents—it’s also a great way to keep your insurance premium as low as possible.
8. Choose a vehicle that’s less popular with thieves
Some models are much more likely to be stolen. When you’re shopping for a new car, get insurance quotes for all of the models you’re considering. The difference in premium could be a deciding factor.
9. Choose an eco-friendly vehicle
To promote sustainable development, additional savings are usually available if you drive a “green” car (fuel-efficient, hybrid or electric).