For most people, owning a vehicle is essential. You rely on your car for your daily commute to work, to run errands, and to get to fun social events. However, owning and maintaining a car requires continual investment — and few expenses can weigh more heavily on your wallet than car insurance. However, when you contact your insurance broker in Montreal, you might be surprised to learn that there are several ways to lower your insurance premiums. Here are some easy ways that you can save money on car insurance.
Multi-line Discounts
Many households own more than one vehicle — and you’ll need to insure your home as well for financial protection against disasters! Getting each of these policies through a single provider will typically qualify you for discounts on your policy.
Generally speaking, most insurance providers will provide an initial discount when you have multiple vehicles on the same policy, with an additional discount if you purchase a home or renter’s insurance through them as well. Not only does this reduce your overall expenses; it also makes it easier to keep track of your bills.
Driving Habit Discounts
Insurers like to reward low-risk drivers — the longer you maintain a good driving record, the greater your discount will be. Of course, avoiding traffic violations and accidents isn’t the only habit that can help you score a discount. Reducing how many miles you drive each year or installing an anti-theft device on your vehicle will also help you lower your rates.
While the insurance company tracks your driving record to determine your good driver discount, you’ll need to be proactive in reporting changes in your mileage habits or the installation of extra safety features. Every little bit counts!
Occupation & Association Discounts
Many insurance providers give special discounts to members of professional groups and associations, or individuals who hold certain occupations or collegiate degrees. While such discounts aren’t available to everyone, it never hurts to ask your insurance broker if your occupation or membership in a particular group could qualify you for an extra discount.
Many professional organizations list these insurance discounts as part of their benefits package, making it easy to determine if you qualify for extra savings. Many of these groups are also free to join, so it never hurts to see if you can become a member.
Though car insurance is a mandatory expense, it doesn’t have to become a burden. By asking your insurance broker about these simple options for obtaining discounts, you will be able to save your hard-earned money for other important needs.
