7 Reasons Why You Pay More for Car Insurance than Your Neighbor
If you are like many drivers in Ontario, you are actually paying more for car insurance than you should be paying. And, your neighbor is likely paying less for their car insurance than you are. Why? There are actually a number of reasons, all of which you can control, that are getting in the way of you saving money, including:
- Not getting a quote: Getting a car insurance quote will save you money by providing you with options. When you get a quote, you will be able to see what the market has to offer you, allowing you to choose the auto insurance policy that makes the most sense for your unique insurance needs.
- Not going to driving school: If you are a new driver, going to driving school is advisable. You will not only learn fundamental driving skills, you will also qualify for a car insurance discount from day one.
- Buying a car that’s not insurance friendly: If you want to save money on your car insurance, then one simple way to save money is too choose a vehicle that is insurance friendly. If you want affordable car insurance, then driving a $100,000 sports car is probably not a good idea.
- Not bundling with your home insurance: This is one of the easiest ways to instantly save approximately 10% or more on your car insurance.
- Letting the tickets add up: While a single parking ticket will likely not have an impact on your car insurance rates, multiple tickets will have an impact. Depending on the severity of your traffic violations, expensive car insurance will not be your only issue. You could even have trouble getting car insurance at all.
- Too many accidents: Driving accident free is the key to saving money on car insurance. This is why it’s so important to be a safe and responsible driver. Avoid distracted driving temptations, slow down, and always pay attention to your surroundings when you are behind the wheel.
- Renewing without reviewing your options: Every time your car insurance is up for renewal is an opportunity to explore your options and see if further savings are available. Work with your broker, get car insurance quotes, and choose a policy that will save you money.
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