An article titled Top 5 auto insurance money-saving tips, supplied by News Canada, suggests the following ways to save:
1. Insure all your cars on the same policy in order to qualify for a “multi-car discount” which could be up to 10 per cent.
2. Insure your home and car with the same insurer to get a “multi-line” discount up to 10 per cent.
3. Increase the deductible from $500 to $1000, for example, to save from 5-10 percent on premiums. If you rarely make a claim, this would be a reasonable strategy.
4. When you’re shopping for a new car, choose a car that costs less to insure. Cars that are more likely to be stolen, involved in an accident, or more expensive to repair will cost more to insure. Get quotes from various insurance companies for the car that you prefer.
5. Shop around. Auto insurance premiums can differ by hundreds of dollars for the same car.
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