The secret behind cheap car insurance quotes
Canada is to first
understand how car insurance rate are calculated! Lower
Insurance premium does EXIST and we’ll show you how to get them!
In order to get cheap car insurance, first we have
to know how car insurance rates are calculated. Here are some common
insurance rate factors:
- What’s Your Car Insurance Liability
Limit?
A Car insurance liability limit is generally
referred to BODILY INJURY and PROPERTY DAMAGE limits.
It is NOT recommended to
lower your liability limit to exchange for cheaper car insurance, and
here’s the reason why:
When you drive on the road, by law you are
responsible for any damage caused to other member of the public.
If you cause an accident and someone is being
hurt, you are responsible to pay for medical bills, pain and suffering,
loss of wages of the party being hurt by you.
- How Much Liability Should I Carry
In order to answer this question, you need to
ask yourself:
How much risk am I willing to take and how
much risk I would transfer to an insurance company and in exchange to
pay premium dollars?
So check your insurance policy and look at
your coverage. Are you really getting cheap car insurance? Or you’re
just covered by the state minimum.
- Take Higher Deductibles.
It doesn't hurt to increase your deductibles
if you know you are a safe driver, that way your premium will be LOWER.
The theory behind this is that you are willing
to share more risk if an accident does happen, instead of paying $250
for collision, the insurance company offer you a lower rate if you
choose a higher deductibles like $500 per accident per collision.
Knowing you will be paying higher deductibles
will give you more incentives to drive more cautiously and will be
better for your long-term good driving record savings.
As the vehicle is getting older and no longer
financed, you can choose to drop comprehensive and collision coverage
to lower car insurance.
- Consider Paying Small Claims On Your
Own
You need to discuss with your insurance agent
whether you want to file the claim or settle the claim privately.
Sometimes it make sense not to file the small claims to keep your
insurance premium lower, are you better off just to pay the claim out
of your own pocket.
- Be a Safe Driver and Keep Your Record
Clean
Drive carefully and drive as less as possible.
Avoid unwanted trips by planning the route ahead of time. You will save
time, money on gas, and pollution to the air plus less chance to
involve in car accidents.
Your insurance rate will keep at your current
discount rate and gets cheap car insurance year after year by being a
safe driver.
- Maintain Good Credit Score
Many insurance company use scorning model that
combine:
- Claims history
- Type of vehicle
- Where you live
- Your age
- Driving history
- Credit history
So pay your bills on time could in long run
save you money on car insurance as well.
- Participate Insurance Discount Programs
Get a list of all the programs that offer
discounts on car insurance from your insurance agent. Some of them are:
- Good grade student discount
- Discount for Safe driver
- Senior citizen discount
- Defensive driver course discount
- Multiple vehicles/drivers insured with same
company discount
- Discount for home insurance insured with
same company
- Shop Around and Compare Quotes From
Different Companies
Do not just compare the PRICE alone, customer
service and response time are far more important than just the price!

There are some companies out there offer very
aggressive pricing break, but they are not the most financial stable
companies. So make sure you are insured with quality reputable
companies. The key to understand a car insurance quote is to make sure
you know:
- The Limits you are covered (Liability,
collision and comprehensive, medical coverage etc)
- Exact term of policy you purchased (6 month
policy VS 12 month policy)
Make sure you are comparing quotes with same
policy term and same coverage amounts. 2Insure4Less is the website we
recommend to use. Spend 5 min or so to fill out their online form, you
will get top 10 auto insurance agents to follow up with ya and offer
you the best quotes available according to your needs.
Compare multiple car insurance quotes to find
YOUR best rate.
No waiting. No hassles.
Kanetix.com:
California car insurance shopping.
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