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Tips for reducing your auto insurance premium

1. Keep a good driving record

It’s more than just a cliché – not only is being a careful driver the best way to avoid an accident, if distracted, you can compromise safety resulting in fines, loss of demerit points, and higher auto insurance premiums.

Staying claims and conviction free is key to keeping your auto insurance premiums as low as possible.

2. Adjust coverage on older vehicles

The older the car, the lower the insurance premium. If it’s not worth repairing, consider removing collision and upset from your vehicle.

3. Choose a vehicle that is less likely to be stolen

If you’re looking to buy a new vehicle, remember that certain models are stolen a lot more than others. So when you’ve narrowed it down to a few models, you can go to our website and quickly compare insurance premiums for different vehicles to see which vehicle is cheaper to insure. The answer could help you make your final decision. And you could do it anywhere anytime if you are insured with us with our Online Services.

4. Insure all your vehicles with the same company

The more vehicles you insure, the more you save.

5. Bundle and save

Combining your auto and home insurance can significantly reduce your premiums.

6. Install an anti-theft system

To help prevent vehicle theft, reduce risk and lower your insurance premium, install a certified anti-theft system. A quality system includes an automatic immobilizer system and a locating system to locate a stolen car once its disappearance is reported.

7. Increase your deductibles

The principle is simple, the higher your deductible, the lower your premium. Remember, your deductible is the amount you are required to pay in the event of a claim, so you want to make sure you can pay that deductible in case of an accident.

8. Review and update your policy regularly

Have your circumstances changed? Are your children grown and gone? Do you now work closer to home? It might be time to make changes.

Tips for reducing your auto insurance premium

Tips for reducing your auto insurance premium

Certain conditions, limitations and exclusions may apply.

The information and advice in this article is provided for informational purposes only.