At isure, our goal is to provide you fast, friendly and better auto insurance coverage. Whether you are a first-time buy buyer or simply shopping around for a better policy. Through our insurers, we offer the most extensive list of auto insurance discounts in the marketplace, and competitive bidding saves you money without sacrificing your coverage. We believe you should be in the driver’s seat, ad we want you to make smart, well-informed decisions. So we’re sharing some tricks of the trade to help you save money on auto insurance. Who doesn’t like having more money in their pockets?

1. Bundle auto insurance with home, renters or condo insurance

This one is by far one of the most crucial and deserving of first. Bundling your auto insurance with your home, renters, or condo policies is one of the quickest ways to save on insurance. Bundling is when you use the same insurance company when it comes to all of your insurance policies. Many people tend to use a different company when it comes to their car and home due to when they purchase each. On top of this, bundling your policies together makes dealing with your insurance a lot easier, as it is all under one roof. one thing to keep in mind is that most auto policies do not cover personal belongings in your car, so you’ll need to purchase property belongings. Bundling auto with other insurance policies can save up to 20% off. For more information about Bundled Insurance, contact your insurance company.

2. Bundle drivers together

This is another excellent way of saving money on your insurance policies. Along the same lines, if you have several drivers in your household, you can save on auto insurance when you list them all on one policy. When you bundle multiple drivers under one policy, you will greatly lower the cost of your premium by lowering the overall risk of the vehicle. As a parent, it can be nerve-wracking to add your beginner driver to your car insurance plan, but in the long run it’s the right move to make.

3. Increase your deductible to save money on auto insurance

A deductible is the amount of money you pay in the event of an insurance claim. When you agree to increase your deductible, your premium will lower. This will result in tons of money saved over time. Just be sure you can afford the deductible should you ever get into an accident. With this being said, it is important to look over your financial situation to make sure increasing your deductible is the right choice for you. On top of this, it is a good idea to look over the frequency of accidents you have involvement in. If you consider yourself a careless driver, increasing your deductible can backfire and result in more money out of your pocket.

4. Make one lump sum premium payment

This is another situation where you should review your financial situation before making any decisions. If you can afford to do so, paying your annual premium in one lump sum will ultimately result in you paying less. This is because it’s simply less work for insurance companies when you pay in one go. Generally, premiums are paid on a month-to-month basis. Whenever these premiums are paid, insurance companies will charge a processing fee. So, paying your fee once a year as opposed to 12 increments will ultimately save you some cash.

5. Taking a driving course can save you money on auto insurance

Trust us, driver’s training courses don’t only benefit teenagers! Ministry-approved driving courses are useful for new and inexperienced drivers. Many insurance companies will offer discounts if you’ve taken a driver training course. This discount is applied because insurance companies assume you are more cautious behind the wheel. It is always worth taking a driving course if you are able to do so. Not only will it save you money, but give you more confidence as a driver.

6. Take care of your vehicle

Keeping your vehicle maintained not only makes it safer on the road, but may land you a discount on your insurance. For example, in Ontario, insurance companies are required to offer lower car insurance premiums if you have winter tires. Additionally, taking care of your vehicle has other benefits as well, such as increasing the longevity.

7. Ask about other discounts

We know asking for a discount isn’t the most fun, but you may be surprised at what you are eligible for. An example of a common discount is when you insure multiple vehicles with the same insurance company. At isure, we work hard to develop a customized policy for you. We offer the most extensive list of auto insurance discounts through our various insurers. Don’t be afraid to ask us if any other discounts may apply to you!

8. Consider how you use your vehicle

Have you ever considered how often you use your vehicle? If you don’t drive your vehicle to and from work everyday and mainly use it for leisure, you may save some money! Insurers tend to charge different prices on premiums, depending on the distance the vehicle travels and how often it gets use. If, for example, you have been working form home since the pandemic, you are most likely using your vehicle less! Situations such as these are always worth mentioning to your insurer in order to potentially receive a decrease in your premiums.

9. Drive carefully and you’ll save money on auto insurance

While it may seem obvious, it’s essential to follow the rules of the road and drive with caution. Multiple tickets and collisions are costly and can significantly increase your premium. Mistakes do happen though, and if you get into a crash, isure has responsive, 24/7 claims service and will start your claim right away. Remember, obeying the rules of the road is one of the best ways to save when it comes to your insurance premiums.

10. Choose your insurance plan wisely

Choosing an insurance plan that best suits you is another great way to save on your premiums. A good example of this would be that it may not be cost-effective to have optional collision or comprehensive damages on your vehicle if it is worth less than $2,000. This is because any claim you make would not substantially exceed your deductible. Depending on your comfort when it comes to risk-taking, it could be a good idea to increase your minimum third-party liability coverage. Increasing it from $200,000 to $1 million is an option, so that if a third-party causes any damage in an accident that exceeds $200,000, you wouldn’t have to pay anything out of pocket.

Now that you know the tricks of the trade on how to save money on auto insurance, it’s the time to get an auto insurance quote from isure. Request a quote today!

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