Over 40% of all insurance premiums in Canada are at present car insurance premiums. With so many out there, it should be possible to get full coverage insurance at some sort of discount before you start driving. But how is that possible? Below we explain six of the most popular steps you can take to reduce the cost of your insurance coverage. As you run through them, you should be able to find a few ways to get car insurance discounts that suit your circumstances. So, what have you got to lose?
1. Combine your policies. Combine your policies: The best way to maximize your discounts is to combine all your risks under one policy. Some insurers offer these policies, while others apply a Package discount to each policy for having both Automobile & Property. Combining your risks offers more benefits other than savings. Think ONE policy number, ONE renewal date, and ONE payment schedule for all your Auto and Property risks. 2. Increase Your Deductible When calculating your car insurance rates, the insurance company will consider many factors. These include how high your deductible is. The deductible is the amount that you will pay before the insurance covers more of any harm that comes after an accident. Instead of having a low deductible, if you are confident in your ability to cover it you could always increase it. This will likely lower the amount you will pay for the premium. 3. Install Winter Tires Drivers in Canada are frequently confronted with winter ice and snow. To combat this, the government has put mandates in place in many areas related to winter tires. Look into your premium. It may be that you can get up to 5% off your premium by only installing winter tires. 4. Take Driver Training As a new driver, you can save money on car insurance by providing a driver’s training certificate. It can improve your ratings and save you money. This is not a universal method for success but may work with some companies. 5. Sign up for My Drive Telematics is the future of insurance. It uses an APP track your driving habits and calculates a personal discount based on things like speed, hard braking, acceleration, distracted driving, and time of day you drive. If you would like to try out this program, please ask your broker – it’s a very simple process. More on Full Coverage Insurance Now that you have read the above full coverage insurance tips, it is time to put them into practice. It does not matter whether you are looking for cheap full coverage insurance in St. Albert, AB, or further afield. Wherever you are, we might be able to help. Our teams are ready to discuss your capabilities and circumstances with you. You only need to pick up the phone and give us a call. So, contact Grandin Agencies Insurance in Alberta today and see what we can do for you.