If you’re a driver in Ontario, there are certain things that just come with living in one of Canada’s most expensive province for drivers. The cost of car insurance in Ontario are some of the highest in the country, and with roads that deal with intense weather conditions and tons of salt, driving on Ontario can do a number on your vehicle. Luckily, there are lots of ways to save on your Ontario car insurance policy so that you can hit the road without breaking the bank.
- Keep A Good Driving Record
The most effective way to keep your keep your insurance premiums down is to build a good driving history. Accidents and convictions stay on your driving record for years in Ontario, and it’s the number one thing that insurance companies use to determine your rate. Preparing your car for Ontario weather conditions can help you avoid collisions, so make sure that your vehicle is prepared for the Ontario winter before getting on the road.
- Research And Shop Around
Drivers often think that if they have a good driving record, they’ll get a great rate with any insurance company. This is rarely the case. Insurance rate can vary significantly based on provider because insurance companies each have different factors that they use in order to assess risk. Each company will assess the risk that they are taking on with each driver based on things like where you live, what kind of car you drive, and how long you have been driving for. Researching and comparing insurance costs allows you to find the best fit for the type of driver you are, and ensures that you get the best possible insurance rate for your vehicle.
- Deductibles Make A Difference
If you’re a driver with a pristine driving record and are confident in your ability to drive safely, increasing your deductible can be a fantastic way to lower your car insurance premium. However, it’s important to be realistic about how much you would be comfortable paying, even if you’ve never been in an accident before. Remember that the most important thing when it comes to car insurance is being covered properly in the event of a worst-case-scenario. Being involved in a collision is stressful enough, so make sure that the deductible amount is manageable.
- Loyalty Doesn’t Always Equal Best Price
Many insurance companies will reward their customers by giving them discounts depending on how long they have been with a particular provider, or how many services they choose to bundle, but this doesn’t mean that their giving you the best price out there. Insurance companies count on their customers becoming comfortable and not researching other policies. Periodically, compare your current car insurance rates in Ontario to other leading providers on the market. Having an idea of what other companies offer can be used as leverage with your current provider, or it can help you choose a new one.
If you’re looking for ways to compare your current car insurance rate to others on the market, RateSupermarket.ca is a fantastic tool. Compare your current rates with other leading providers, so that you can enter into a new policy with confidence.