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Cheap Auto Insurance Is Finally Here: How to Maximize Insurance Cost Savings

December 16th, 2014  |  Auto Insurance

We don’t have to go out on a limb to assume that you want cheap auto insurance. Who doesn’t, right? Every little bit you can save on your insurance can be used in other areas of your life.

The good news is that getting cheaper auto insurance in Ontario is finally here. 

As outlined in Ontario Auto Insurance Legislation Passes; Will Reduce Costs and Fight Fraud, “The planned 15% cost saving on auto insurance is still scheduled to take effect by August 2015. To date, it’s estimated that rates have fallen by about 6% since the bill was first introduced in August 2013.”

This is great news for Ontario drivers. However, the 15% cost savings is not applicable to all drivers. If you have received a few tickets in the last year or been in an accident or two, you may not qualify for the cost savings. Drivers with excellent, accident-free driving records are most likely to experience these cost savings. 

Even if you have a mark or two on your driving record, it doesn’t mean you still can’t save money on your auto insurance policy, but the importance of shopping for cheap auto insurance and getting a quote each year is paramount to cut insurance costs. 

Auto insurance rates are changing. Are you getting the best deal?

To get cheap auto insurance and maximize savings, it’s important to do everything you can to get the best deal in terms of cost and in terms of the level of coverage you receive for your insurance premium. 

How do you know if you are getting the best deal and getting cheap auto insurance rates? To save money on your policy, it’s important to:

  1. Educate yourself about the auto insurance industry
  2. Work with an insurance broker
  3. Shop around forcheap auto insuranceregularly
  4. Get a car insurance quote annually

Let HUB Insurance Hunter do the shopping for you  

In just a couple of minutes, we'll dig up three really great online quotes for car insurance. All you need to do is answer a few simple questions, and we'll take care of the rest! Get 3 quotes in 3 minutes today!

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