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How to save money and buy low premiums for car insurance ?

If it's your first time buying a car then it can be hard for you I mean challenging for you because buying car insurance is one of the difficult balls to tackle if you want to save some money and you want the best deal with a low premium and high benefits. car insurance is a must by law while driving a car in Canada. It protects the driver, car, and any other person or vehicle if you involve in an accident. Buying car insurance is challenging when it's your first car or you are new in this country. Eventually, it is easy if you want to buy car insurance but the low premium is a challenging task. 

Here are some steps if you will follow these steps will help you to buy a low car premium and will save you from hustle:


1.GET AN ONLINE QUOTE:

Getting an online quote is as easy as buying a cup of coffee from Tim Horton or Starbucks all you need to just google get an online car quote and all the banks and other companies that provide car insurance will be shown in your search results. Besides this, you can call local brokers and get an estimate of Insurance just by providing a few information such as VIN ( vehicle’s identification number), model, and make of the car. But if you want accurate premiums then they ask you some more specific questions about yourself.

2.COMPARE QUOTES:

Various banks and insurance providers have different rates and premiums according to their services and location so the best option is if you browse various different banks and brokers then eventually you can find out the difference between each institution in the final price those are provided by them for the same vehicle and conditions. TD and Desjardins banks provide the best insurance in Canada. All other banks and institutions those who deliver the insurance packages are quite expensive.

3.CHOOSE BEST QUOTE:

Differentiating the best quote is not easy because in the insurance worlds there are lots of minor details that are not traceable by a common citizen only some individuals those work in this industry can tell the difference which is the best one. In insurance, there are several loopholes that can you thousands of dollars every year if you choose best when you are buying one. Some banks and car insurance companies provide low monthly premiums but don’t provide benefits according to yo your need.  

4.PAY HIGH DEDUCTIBLE:

Paying high deductibles can save you several hundred dollars in car insurance. Deductibles are the amount that you pay when you involved in an accident it can save you a lot of money if you choose higher deductibles. As an example, if you involved in a car accident and to fix your car it will cost you $12000 and in your policy, your deductible is $1000 which means you will pay $1000 and the rest of $11000 dollars will be paid by your insurance company. Not only choosing a high amount for the deductible will reduce your monthly premium it will also save you money if you involved in an accident.

5.REVIEW YOUR COMPREHENSIVE:

comprehensive insurance is a part of car insurance it is an optional insurance when you are buying car insurance that if you want to add this insurance to your car insurance policy or not.

It protects you from non-accidental damages to your car mainly with natural disasters like light striking, flood damage, fire damage, or hail damage. Besides this all-natural disaster and damages, if someone broke your window or any damage which is not accidental damage will be covered in comprehensive coverage. It will help you to reduce premiums for insurance policies and even will save you some dollars for the extra repair cost.

6.CREATE BUNDLE:

Buying an insurance bundle can save you money on the premiums. Always buy insurance from the same insurance company that has your home insurance, car insurance, boat and motorcycle insurance, or any other insurance product. Because most of the time insurance copies give a huge amount of discount while you buy all the insurance from the same insurance service provides.so always try to buy your car insurance from the same insurance provider to save some amount.

7.ASK ABOUT DISCOUNT:

When we switching our insurance policies from current insurance company to another company, Most of the time our current insurance company wants us to be their customers and when you decide to leave that company always ask them if they can provide you some discount if they want you to stay insured with them. Other than this if you are buying insurance always provide them your insurance history it will help you to get low insurance premiums.

8.ADD DEFENSIVE DRIVING COURSE:

Every city has various driving schools those provide the defensive driving course if you can take this kind of course and inform your insurance company or provide a copy of the certificate that you currently have car insurance or if you want to buy new car insurance these courses will help to save several hundred dollars in insurance policies and also help you stay at low monthly car insurance premiums.

9.PAY FULL AMOUNT OF POLICY:

You can reduce your monthly car insurance premiums just by paying all the premiums for your car insurance policy. By paying in the front most of the car insurance companies will provide you up to a 20% discount in their total amount that they offer you at the front. So always ask for it if you can pay all the amounts in front. Mainly all car insurance companies ask for a 1year premium if you want to pay at once.

10.INSTAL ANTITHEFT:

Installing anti-theft devices also a smart decision when comes on to save money and you want to pay less for car insurance monthly premiums. All insurance providers will ask you this question that you have an antitheft device in your car or not. You can see the difference in premium when you have installed an antitheft device in your car if you don’t have one. These devices will help you to locate your vehicle if they get stolen.

11.STAY CLAIM FREE:

Clean claim history, no claims, no accident these phrases are important phrases in the low premium insurance worlds. If you want a low premium for your car insurance these things play an important role to obtain low premiums for your car insurance. Always drive your vehicle with care. Be a responsible person and driver on road. Avoid distracting driving because this is the main reason for accidents and 80% of accidents on roads are resulted from distracting driving.

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