How to get cheaper car insurance Get the coverage you really need. To find out the average car premiums across the country, the online insurance comparison platform HelloSafe, California, calculated the rates collected from a survey of 13,650 Canadian users. Here's how much motorists pay in premiums per year in each province and territory, starting with the most expensive. As the above figures indicate, there is a huge difference between car insurance rates for drivers who live in different parts of the country.
In Quebec, for example, where average car premiums are the cheapest, prices are approximately 160% lower than those in British Columbia, the province with the highest rates. The firm added that several car insurers offer discounts without convictions, which range from 15 to 25%. Most insurance companies offer big discounts to policyholders who bundle policies. According to Surex, most insurers reduce car premiums by 10 to 20% if combined with home policies, and up to 40% if combined with motorcycle plans.
Drivers can save 10 to 30% on their annual car insurance premiums if the data collected indicates that they practice safe driving habits. Paying your premium in full instead of paying it monthly or quarterly will save you money. Insurers charge an administrative fee to process monthly payments. You will not pay this fee by paying a lump sum.
In turn, auto insurance companies generally offer discounts to drivers if they pay for their coverage annually. Insurance is much more expensive for new and young drivers who don't have much driving experience or a history as insured drivers. Maintaining a clean driving record is one of the best ways Canadian motorists can access affordable car insurance premiums. Other factors can affect insurance rates, such as government regulation, taxes, health care costs, increased court rulings, towing fees, repair costs, and insurance fraud.
Discounts on car insurance can vary from provider to provider, so ask about the discounts you could receive. Many auto insurance companies reward policyholders who have installed safety features in their vehicles, such as an improved alarm system and snow tires during the winter, with discounts. To find out how Canadian motorists can reduce car insurance costs, Insurance Business consulted the websites of several industry specialists, from personal finance firms to auto insurers. Because of the disparity between the way the auto insurance system works between provinces and territories, auto insurance rates across the country can also vary significantly, depending on where the motorist resides.
For this reason, Canada Drives advised drivers to get rid of coverage they don't need in order to reduce car insurance rates. Young and inexperienced drivers can benefit from taking an accredited driver training course, as this can help lower their car insurance rates, which are often significantly higher compared to those of older, experienced motorists. The insurance agent can give you advice on what the apps are looking for and how to adjust your driving behavior to get a lower insurance rate. This may not cost much in the short term, but in the long run it could amount to thousands of dollars, especially with the steady increase in auto insurance premiums across the country.