Discounts to Ensure the Lowest Car Insurance Premium
Auto insurance is unfortunately mandatory if you have a vehicle. It is illegal to drive a vehicle that is not insured by a credited insurance company. If you plan on buying a vehicle, you should be prepared to pay some hefty premiums for your insurance policy. In all honesty, looking at the costs involved with a vehicle, it is actually cheaper to use public transportation to get around. If you live in Montreal, Canada, you can rest assured that you are using North America’s best transportation service. However, for those that do need a car in their lives, it can be hard to pay for auto insurance. Here are five tips on how you can lower your auto insurance premiums.
Insurance companies offer discount programs for the various situations you may be in. Discounts are usually anywhere from ten to thirty percent of the whole. Even though there are several types of discounts available, the insurance companies never offer them to you, unless you ask for it. You may not even know whether you qualify or not, if you don’t ask them. The insurance companies want to get your business and they want to make the most out of each client, so discounts aren’t helping them.
Students who do well in school usually have good rates, because insurance companies honour good students with discounts. You have to show the insurance company that you have maintained a good average, and that you still will. In such cases, the insurance company might ask you to submit a report every six months or so, to see how you are doing. If your grades drop, there is a chance of losing the discount. If you are paying for your insurance all at once, the company will offer you a discount as well. The savings in this example isn’t so high, but it does save you several dollars a year.
Being a member of a roadside assistance organization like CAA or AAA is very useful in many ways. It is helpful in the sense that you have roadside assistance at all times, for your own vehicle. Also, being a member has its benefits. One of the benefits, as you might have already guessed, is discounts on your insurance policy. The discount rate will vary from company to company, but you could save some money in the end. If you already have other another insurance policy with another company, you should ask them about insuring your car. This is referred to as multi line discount, and it is a great way to save on money.
Are you a good driver? Even if you think you are, the insurance company wouldn’t. There are several accredited driving schools, which have courses which you can take, in order to receive a certificate. This certificate will tell someone that you have taken a driving course and passed it. When you present this certificate to the insurance company, you will receive a very good discount. Usually, discounts for people who have completed a driving course is around twenty to twenty-five percent.