INFO: How to Save on Your Auto Insurance Policy

If you own and drive a car, there are many expenses that simply get under your skin. A common complaint for most drivers is the expense of parking and more recently, the rising cost of gas.

When trying to cut back on expenses however, it is common to overlook the cost of your auto insurance. Did you know, if you normally commute to work, you may be able to lower your premium when you go on maternity leave?

Here are other auto insurance money-saving tips from Kanetix.ca – a quote comparison service for a variety of insurance products including auto, home, travel and life insurance:

Multi-line discount – if you choose to insure your home and car with the same insurance company you may qualify for a discount that typically ranges from 5% up to 15%.

Winter tire discount – if you change your car’s tires to match the driving conditions of the season you could save up to 5% with some insurers.

Membership within a professional association or employer plan – if you belong to any one of these groups you could save up to 20%.

Modify your policy deductibles – to see how this affects your rate. Policies with deductibles set to $500 could save up to 5 per cent by raising them to $1,000. Remember to keep the deductibles affordable as this is how much you could pay depending on the nature of the claim.

Why not check you’re getting all the discounts you qualify for with your current car insurance provider. Then, try comparison shopping at Kanetix.ca to make sure you’re receiving the best policy coverage and premium for your needs. A recent Kanetix study discovered that 40 per cent of consumers saved $600 or more on their existing auto insurance policy just by comparing rates at Kanetix.

Written by Natasha Carr