Car insurance. It’s one of those things you know you need but probably dislike buying. After all, you pay for it, all the while hoping you never need to use it. Understandably, there are probably many other ways you’d prefer to spend your money.

Fortunately, there are also plenty of ways to save on car insurance. From using a comparison shopping site and maintaining a clean driving record, to raising your deductible and reevaluating your coverage needs, there are multiple strategies for lowering your premium.

If you’re looking for car insurance quotes, you probably want to get the best rate possible for the coverage you need. Here are 10 of our best tips for getting affordable quotes on your next policy.

1. Shop Around

   As with any purchase, it’s a good idea to shop around for the best coverage and price. You probably comparison shop when it comes to buying clothes, furniture or other items — why not do the same for your car insurance?

   This is how a comparison site like My Insurance Broker can help (plus, it helps that we’re also an insurance broker — meaning that we can find and set you up with the best car insurance for you). Many drivers wonder how they can calculate insurance costs. We make it easy to compare insurers by offering you a way to get quick quotes on coverage from the top 15 car insurance companies in Canada. Use our online insurance quote tool to get results in just two minutes.

   While you may be familiar with insurance agents or brokers, these options generally limit your choices. Insurance agents offer coverage from one insurer, and a broker may only work with a handful of insurance companies. By contrast, My Insurance Broker gives you access to car insurance quotes from 15 companies — just enter your vehicle info, licence details and information about the driver you wish to insure.

   In Ontario alone, there are over 30 companies selling car insurance. By getting a broad range of quotes, you can rest easy knowing you have the information you need to make an informed choice.

   Get quotes from the top 15 car insurance companies in Canada in just two minutes with our car insurance calculator tool.

2. Don’t Overlook Smaller or Regional Insurance Companies

   If you watch enough television, you will inevitably see commercials from the big names in the insurance industry. These companies spend millions on ads, but do they really offer the best coverage? In some cases, they might. However, insuring your vehicle with a local or regional insurance company may save you money. Some drivers also feel like they receive more personalized service from a smaller carrier.

   In short, don’t assume that bigger always means better coverage — or a better price. Depending on where you live, a regional insurance company may offer the most affordable coverage at a price the bigger guys can’t beat.

3. Ask for Discounts

   Always check for ways to save on your car insurance policy — you never know unless you ask! There are a variety of ways to lower your premiums. For example, many insurance companies offer price breaks if you bundle your car insurance with other policies, such as business coverage or homeowner’s insurance.

   Additionally, some insurers discount policies when customers insure more than one vehicle, or when members of the same family take out policies with the same company. If you belong to a particular professional group, alumni organization or business association, you may also qualify for group discounts.

   You may also be eligible for discounts if you drive a vehicle that incorporates anti-theft technology or special safety features. You can also ask for a discount if you agree to pay your policy in full rather than spread it out over payments.

   Ontario drivers can also ask about special discounts for winter tires, which make your car safer to drive in snowy and icy weather.

   Most insurance companies offer a long list of discounts, so make sure to inquire if you think you might qualify for money off your policy.

See Full Story at www.myinsurancebroker.com