Car insurance protects you and your vehicle on the road, but car insurance premiums can be a drain to your bank account – especially if you have more than one vehicle. At Jamieson-Hilts Insurance Brokers Ltd., we take the time to educate our Woodstock, Ontario clients, sharing our insight to help bring down those monthly premiums!
Here are 3 things you probably didn’t know about car insurance premiums:
1. You Can Always Find Ways to Pay Less for Insurance – There are many tips to maximize your car insurance coverage while minimizing your monthly payments. For example, did you know that some insurance providers offer usage-based car insurance that can result in lower monthly premiums for low-risk drivers? Additionally, you could also select seasonal insurance for vehicles only used in the summer, for example, to reduce your coverage for the months that the vehicle is not being used and significantly reduce your premium payments.
2. Accident Protection Coverage Can Protect You from Increased Premiums – An at-fault accident will stay on your record for up to 6 years and can increase your insurance premiums considerably. However, if your driving record is clean, you could qualify for accident protection coverage that would protect you from increased premiums by waiving your first at-fault accident, possibly saving you hundreds of dollars when renewing your policy after an accident.
3. Shop Around for What You Really Want – Many people don’t know what to look for when shopping around for car insurance, and usually end up settling for the best of 2 to 3 options. As insurance brokers, our team members take the time to understand your needs and budget before we consult with our extensive network of top insurance providers across Canada. Our dedication to customer service and support offers more value for your money because we’ll make sure you have the best possible coverages available.
Give us a call today to speak to someone on our team and see how we can help you find the best car insurance solution for your needs.