1. Review and update your policy regularly
Have your circumstances changed? Are your children grown and gone? Do you now work closer to home? It might be time to make changes.
2. Drive carefully
It may be a cliché, but being a careful driver really is the best way to avoid an accident. If you’re distracted at the wheel, you’re compromising your safety and other people’s. And that could lead to traffic violations, demerit points, and higher insurance premiums.
At the end of the day, avoiding claims and driving tickets is key to keeping your car insurance costs as low as possible.
3. Consider a usage-based driving program
When you sign up for a usage-based driving program like The Personal’s Ajusto® program*, you could be eligible to receive an additional discount on your auto insurance premium for having good driving habits. And the Ajusto® program will never increase your premium—it will only lower it.
4. Insure all your vehicles with the same company
The more vehicles you insure, the more money stays in your pocket thanks to multi-insurance-savings.
5. Bundle your home and auto insurance
Combining your auto and home insurance can significantly reduce your premiums.
6. Choose a vehicle that is less likely to be stolen
If you’re looking to buy a new vehicle, remember that certain models are stolen a lot more than others. So when you’ve narrowed it down to a few models, you can go to our website and quickly compare insurance premiums for different vehicles to see which vehicle is cheaper to insure. The answer could help you make your final decision. And you could do it anywhere anytime if you are insured with us with our Online Services.
7. Increase your deductibles
The principle is simple: the higher your deductible, the lower your premium. Remember, your deductible is the amount you are required to pay in the event of a claim, so you want to make sure you can pay that deductible in case of an accident.
8. Adjust coverage on older vehicles
If your car is more than 10 years old, you could re-think your coverage.
For instance, you could insure your car with just the mandatory liability coverage, which covers damage or injury to others. Just remember that you’ll have to pay the full cost of repairs to your car if, for example, you have an at-fault accident or your car is vandalized.
But don’t make a decision too hastily. Talk it over with your insurance provider to be sure you fully understand what would happen if you had a car accident.
Certain conditions, limitations and exclusions may apply.
The information and advice in this article is provided for informational purposes only.
* Ajusto is underwritten by The Personal.The Ajusto program is only available in Ontario and Quebec.
®Ajusto is a registered trademark of Desjardins General Insurance Inc., used with permission by The Personal. The discount does not apply to certain endorsements and additional coverages. Subject to the terms and conditions of the Ajusto program in effect on the date of your enrollment. Visit our website thepersonal.com/auto-insurance/ajusto for details.