We all would love to pay less if we can for auto insurance to keep our expenses low. The search rate for cheap auto insurance is therefore very high. But there is no insurance company which offers the cheapest rate. But there are certainly ways which can help you lower the cost of car insurance Ontario.
Keep a clean driving record: The surest way to lower the cost of your car insurance Ontario is by maintaining a clean driving record. Your premium rate depends largely upon your driving history. Accidents and traffic violation tickets would increase it unnecessarily.
Maintain less showy car: You may like to own the red Ferrari but your insurer certainly wouldn’t like it. Expensive cars cost those more to fix and further they are the favorites for car thieves. Hence, you can be sure of your car insurance Ontario premium to go up if you own an expensive car. In fact, it is important to evaluate the cost of insurance before actually purchasing the car.
Nix collision and comprehensive: It is not an easy decision, especially, if you are driving a brand new car. But for old and battered cars dropping the collision and comprehensive coverage might be a good idea since these two are the most expensive components of car insurance Ontario.
Increase deductibles: Higher deductibles would immediately lower your premium rate. But it is not always a good idea since you would be required to pay the deductible first before your insurance company pay for the damages.
Multiple policies: It is a good idea to club all your cars under a single policy. It will lower the per head cost of insuring cars. Further, if your insurer offers multiline policies, you can attach your home and auto policies together to lower the cost. You can ask an insurance broker Ontario to get your auto policy from a multilinker insurer.
Ask for discounts: Car insurance Ontario providers often offer discounts which can help in lowering the cost of your car insurance. There is good grade discounts, good driver discount, low mileage discounts and such. Also if you’re with an insurer for a long time you can surely ask for discounts on your car insurance Ontario.
Improve safety: Improving the safety features of your car, like – installing anti-thief devices will help you lower the cost of auto policy. The insurers like it when you try to minimize the risks and therefore you can be rewarded with lower rate.
Avoid young drivers: Adding young drivers to the policy is expensive, especially the young male drivers, and hence if you can avoid adding them to your policy, you may better do it.
Shopping around: Shopping around is one great way to get cheap auto insurance. This will let you compare the costs of different insurers and therefore you can secure the best deal for yourself. You can also take help of an insurance broker Toronto to find you the best deal on cheap auto insurance.
While shopping for cheap auto insurance, you must however keep in mind that cost is not everything and you must not compromise on the coverage aspect to lower the cost of your car insurance Ontario. Often times, policies offering the lowest cost don’t offer the best coverage. Also, at times the lower rate is just a teaser when the rate increases later.