- September 1, 2020
- Category: Auto, Tips & Advice
Don’t pay more than you have to.
Auto insurance is an unavoidable expense if you own a vehicle. For some Nova Scotians, it can be a large expense…one no one looks forward to paying.
Here are five things you can do today and overtime to help you lower your auto insurance premiums without sacrificing your coverage.
1. Deal with an insurance broker.
Prices for auto insurance vary from company to company. Having and insurance brokers comes with a lot of benefits, one being they will find you the best auto insurance that fits your needs.
2. Combine your insurance policies.
Do you have your auto and home insurance with the same company? You could save up to 25% by bundling your policies with one provider.
3. Increase your deductible.
If you’re willing to increase your deductible you could save hundreds. Check with your insurance broker to see how much you could be saving.
Tip: Make sure to compare your coverage with the value of your car. It might not make sense to pay for coverage with a $1,000 deductible if your car is only worth $1,000.
4. Drive mindfully to cuts costs.
In other words, be careful when you’re driving. The easiest way to lower your premium is to have a good driving record. This means avoiding claims and convictions.
Here are a few everyday reminders:
- Obey speed limit signs
- Focus on the road by limiting distractions
- Use extra caution in construction and school zones
5. Maintain a good credit history.
Insurance companies calculate your rate based on your credit score. The better your credit score, the better rate you’re going to receive. Some companies are even starting to offer credit discounts to those with good credit history.