Shopping for insurance policies to save money requires time, research and the right approach. Canadians can secure better rates for their home and auto coverage by getting serious about their insurance and knowing a little about how the industry works.
Consider what type of coverage you currently have and what changes you are willing to make in order to reduce the premium. Many people pay for coverage they do not need. Read through your existing policies to better understand the details of your policy and make note of the aspects covered and not covered. You may discover ways to save money on your existing coverage, skipping the hassle of switching insurers.
Increasing the deductible on your automobile, home or health insurance decreases the cost of your policy. Save money now by increasing the deductibles detailed on your policy. Be sure to opt for a reasonable amount and speak to your broker or agent about the options available. Many insurers provide deductible levels in order to be competitive in the industry, but consumers must ask for the higher deductibles at each renewal.
Save money and make your life easier by sticking with one insurer or agency for all of your insurance needs. Many insurers offer a bundled rate and provide discounts when a policy is added to an existing one. Insure your cottage with the same company that insures your home or tack the motorcycle coverage onto your existing auto policy to realize discounts on all of the included policies. Life insurance companies or group insurance broker that also provide home and auto coverage may offer multiple product discounts.
Comparing rates can also help you spend less on this regular expense. Use the online tools provided by many Canadian insurers to obtain quick quotes for comparison purposes. Always provide identical information to each company to allow for an accurate assessment. Remember to be truthful and consider the overall value of each coverage quoted.
You may be eligible to receive discounts based on group discounts offered by your insurer, broker or agency. Do you belong to an association, cultural or community group? Many companies provide group discounts to members of nation-wide organizations such as alumni groups, professional associations, unions and societies. Find out what types of discounts you are currently eligible for and consider switching to another company that offers group coverage at cheaper rates.
Updating your personal and financial data with your existing broker or agency may also result in savings now or at renewal. Paying off a car loan or mortgage often lowers the premiums due, and changing jobs or adding drivers often has an effect on your automobile policy. Remember to update your information at renewal or any time during the year to be eligible for savings on your premiums.
Armed with diligence and the correct information, Canadians can spend less on this expense by finding ways to reduce their rates. Once you understand your existing policy and decide on a comfortable deductible, comparing different insurers is just a few clicks away. Consider whether you are eligible for any group discounts and find out how much you can save by bundling your various types of policies together with one company. Always keep your agent or broker up to date on any major changes in your life that may affect rates and take the time to shop for good rates at your annual renewal.
Consider what type of coverage you currently have and what changes you are willing to make in order to reduce the premium. Many people pay for coverage they do not need. Read through your existing policies to better understand the details of your policy and make note of the aspects covered and not covered. You may discover ways to save money on your existing coverage, skipping the hassle of switching insurers.
Increasing the deductible on your automobile, home or health insurance decreases the cost of your policy. Save money now by increasing the deductibles detailed on your policy. Be sure to opt for a reasonable amount and speak to your broker or agent about the options available. Many insurers provide deductible levels in order to be competitive in the industry, but consumers must ask for the higher deductibles at each renewal.
Save money and make your life easier by sticking with one insurer or agency for all of your insurance needs. Many insurers offer a bundled rate and provide discounts when a policy is added to an existing one. Insure your cottage with the same company that insures your home or tack the motorcycle coverage onto your existing auto policy to realize discounts on all of the included policies. Life insurance companies or group insurance broker that also provide home and auto coverage may offer multiple product discounts.
Comparing rates can also help you spend less on this regular expense. Use the online tools provided by many Canadian insurers to obtain quick quotes for comparison purposes. Always provide identical information to each company to allow for an accurate assessment. Remember to be truthful and consider the overall value of each coverage quoted.
You may be eligible to receive discounts based on group discounts offered by your insurer, broker or agency. Do you belong to an association, cultural or community group? Many companies provide group discounts to members of nation-wide organizations such as alumni groups, professional associations, unions and societies. Find out what types of discounts you are currently eligible for and consider switching to another company that offers group coverage at cheaper rates.
Updating your personal and financial data with your existing broker or agency may also result in savings now or at renewal. Paying off a car loan or mortgage often lowers the premiums due, and changing jobs or adding drivers often has an effect on your automobile policy. Remember to update your information at renewal or any time during the year to be eligible for savings on your premiums.
Armed with diligence and the correct information, Canadians can spend less on this expense by finding ways to reduce their rates. Once you understand your existing policy and decide on a comfortable deductible, comparing different insurers is just a few clicks away. Consider whether you are eligible for any group discounts and find out how much you can save by bundling your various types of policies together with one company. Always keep your agent or broker up to date on any major changes in your life that may affect rates and take the time to shop for good rates at your annual renewal.
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