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Spotlight: When it comes to car insurance, why pay more than you should?

Here are seven ways you can save on your car insurance
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There are a number of ways to save on your premiums. Here’s how:

Consider usage-based insurance

Usage-based insurance (UBI), or pay as you drive, uses technology to monitor your driving habits. This technology integrates with your vehicle to track driving behaviours like speed, acceleration and breaking. Based on how you perform behind the wheel, this data could earn you eligible discounts of up to 25 per cent on your auto insurance.

Bundle your policies

In the insurance world, loyalty is rewarded. Much like when you bundle your phone, internet and television to save money, the same is true for your coverage. If you purchase property (home, condo, or contents coverage) and auto insurance from your auto insurance provider you could qualify for a discount on one, or both, of the policies.

Control your destiny – drive safely

The rate you pay is influenced by your driving record. Accidents and tickets could inflate your premiums, costing you thousands of dollars. Do your best to obey driving laws and avoid tickets to keep your premiums low.

Pay per year, not per month

To avoid paying additional costs in administration fees for monthly payments, opt to pay for your auto insurance in one lump sum. In addition to saving, there is little chance of being penalized for late payment. Plus, once your car insurance is paid for you can forget about it until it’s time to renew.

Increase your deductible

If you can afford to increase your deductible, you could save 5 to 10 per cent on your auto insurance premiums. But remember, the higher you increase your deductible, the more you pay in a claim. Be conscious of what you can actually afford if you get into an accident and what will save you the most money long-term. If you’re struggling to make your current auto insurance payments, you may want to rethink increasing your deductible.

Ask for a list of discounts

Set some time aside to speak to your auto insurance provider about available discounts and let your representative get to know you better so she can understand what savings you’re eligible for. Some examples are good student discounts and student away at school discounts. Hey, you don’t know until you ask.

Shop and compare quotes online

The best way to save on your auto insurance is to shop and compare quotes online. Drivers who use CollingwoodToday’s Insurance Hotline can save over $700 on their car insurance rates. The best part is, getting quotes from thirty plus insurance providers takes less than ten minutes.