(905) 339-0339

281 Speers Rd, Oakville L6K2G1

How to Save Money on Auto Insurance

Ask your insurance company about qualifying discounts. Every company offers different discounts so make sure you are ask what programs your company offers. There are discounts for people who have taken driving classes, discounts for no accidents or tickets, seniors discounts and even college discounts.

Request a Higher Deductible

Raising the deductible increases the amount of money you will have to pay to cover at the time of a claim. The savings from this can help you save on insurance if you don’t make any claims. You may be able to save up to 30% when you raise your collision and comprehensive deductibles up to 500$ higher than it currently is.

Change the Amount of Coverage on Older Vehicles

According to many industry experts, there is a simple formula when trying to decide if you should lessen your coverage. If your vehicle is worth less than 10 times the amount of your premium, you should consider dropping your comprehensive coverage or collision coverage.

Take Advantage of Bundles

Insurance companies often offer discounts when you bundle all your services with them. If you lump together your home, fire, earthquake and life insurance and car insurance with one company you will definitely save money.

Opt for a Different Car

A factor of the price of your insurance is the type of car you drive. There are different rates associated with theft and accidents dependent on the model. For example; if you drive a sports car that has a tendency to have a high number of accident claims with a cost of repair that is also high, then your insurance will reflect that, and your premiums will be higher.

Changing Neighborhoods

Where you live can also be a factor in your insurance costs. The crime rates in your neighborhood have an impact on your premium. Unfortunately insurance companies do not take into account where you work, and where your vehicle is parked for almost half the day. Living in a safer neighborhood with low to no crime rate will save you a lot of money on car insurance.

Many years of experience serving Oakville
We save our customers up to 40% on their auto glass services
Call now (905) 339-0339