1.Increase Your Deductible
* The deductible is the amount of the claim that you are willing to pay.
* If your claim is $2000 and your deductible is $500, you will pay $500 and your insurance company will pay $1500.
* Increasing the deductible from $500 -> $1000 can reduce your premium by 5%-10%.
2.Insure your Home and Automobile with the Same Company
* Buying your home and auto insurance policies with the same company will give you a discount on BOTH policies. Sometimes up to 10%.
3.Insure all Vehicles under the Same Policy
* If you have multiple vehicles, placing them under the same policy can save you up to 10%.
4.Buy a Car that Costs Less to Insure
* Be sure to get insurance quotes on the vehicle that you are planning on purchasing.
5.Shop the Insurance Market
* Coverage may be pretty standard in your province, but premium differences can be vast. Make sure to shop around by getting quotes from multiple companies.
6.Follow the Speed Limit
* Not only can speeding tickets be costly, they can jack up your auto insurance premiums also! (Perhaps I speak from experience?)
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