Tips to lower your auto insurance premium
1. Insure all your vehicles under the same policy
Insuring all your household’s vehicles under the same auto insurance policy means you’ll have a single contract, which could give you a discount.
2. Adjust the coverage for older vehicles
If your vehicle is more than ten years old, its value is considerably reduced. You could consider removing the collision and rollover coverage (Chapter B) and just keeping the mandatory civil liability insurance (Chapter A in the policy) and the chapter that covers things like theft, vandalism and glass breakage (Chapter B3). Feel free to ask your property and casualty insurance agent for advice tailored to your situation.
3. Combine your auto insurance with your home policy
Combining your auto and home insurance into one policy will usually significantly reduce your premiums.
4. Increase your deductible
This strategy could get you a substantial discount on your auto insurance premium. However, you need to be sure you can pay the deductible in the event of an accident (i.e., if you increase the deductible from $500 to $1,000). You should also check to see what coverage you get with a higher deductible, because it may cost less to purchase certain items than pay the deductible in the event of a claim. For example, if your cell phone is stolen from your car, the $1,000 deductible may be more than the price of a new phone. Read the details of your insurance policy carefully.
5. 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, check with your insurer to find out what the insurance premium would be for each vehicle. The answer could help you make your final decision.
6. Sign up for a usage-based driving program
When you sign up for a usage-based driving program like Desjardin Insurance’s Ajusto® program, you could be eligible to receive an additional discount on your auto insurance premium for having good driving habits. And the Ajusto® program will never increase your premium—it will only lower it.
7. Sign up for a digital driving app
When you sign up for a digital driving app like Desjardin Insurance’s Ajusto® program, you can get an additional discount on your auto insurance premium for having good driving habits. And the Ajusto® program will never increase your premium—it will only lower it.
8. Update your file regularly
Reviewing your auto insurance file is an excellent way to maintain the price of your insurance while making sure the coverage is still right for you. It’s normal for your situation to change over the years, whether its changes to your professional, personal, or family life, and the scope of your coverage should be adjusted to match. Have your children left the nest and gone off on their own adventures? You might not need to insure them on your policy anymore. Have you changed jobs and now work closer to home? It might be time to reduce the estimated annual mileage on your policy. It’s important to be insured based on your exact profile!
9. Drive carefully
It’s more than just a cliché—not only is being a careful drive the best way to avoid an accident, it’s also a great way to keep your insurance premium as low as possible.
Desjardins Insurance refers to Desjardins General Insurance Inc. in Quebec and to Certas Direct Insurance Company in Ontario and Alberta. Certain restrictions, exclusions and limitations may apply.
Ajusto is available from Desjardins Insurance. ® Ajusto is a registered trademark of Desjardins General Insurance Inc., used with permission by Certas Direct Insurance Company. The discount does not apply to certain endorsements and additional coverages. It will be automatically applied to the premium at the time of renewal. Ajusto is only available in Ontario and Quebec.
All information is provided for information purposes only, and Desjardins Insurance cannot be held liable for it. We recommend using caution and consulting a property and casualty insurance agent for comprehensive, personalized advice.