Trying to find a good deal on car insurance can be tough in one of Canada’s most expensive driving provinces.
- Bundle Your Policy
If you own or rent a home and drive a car, bundling your policy is a great way to get a discount in Alberta. In fact, you could save up to 20% on your car insurance and 10% on your home insurance.
- Invest In Anti-Theft Devices
Alberta is the province with the second-highest instances of reported theft. If you already have a car, there are simple anti-theft devices you can purchase, like a steering wheel lock. If you’re looking into purchasing a car, opting for safety features will likely get you a discount on your car insurance in Alberta
- Have Multiple Vehicles? You Get A Discount
If you have multiple vehicles under your policy, you’ll be able to get a discount on how much you pay per vehicle. However, if your policy includes new drivers, your premiums for each vehicle will still be higher even if you bundle.
- Be A Loyal Customer, But Not Too Loyal
Insurance companies will offer discounts for customers who have been with them for a long time, but that doesn’t mean that you’re getting the best deal out there. Periodically shop around for other independent car insurance companies out there, and if you can’t find a policy that beats that of your current provider, then stay with them, whilst also bringing other rates to the table to see if you can get a discount.
- Drive Less For A Low Mileage Discount
Taking public transportation to work or setting up a carpool is a great way to bring your insurance rates down. Let your broker know what your daily commute looks like. If it’s shorter than average, you may be entitled to a discount.
- Increase Your Deductible
Increasing your deductible is the easiest way to get cheaper car insurance, just make sure that you would be comfortable paying that deductible if necessary.
- Pay On Time
Insurance companies charge extra fees for late payments. Paying your premium at one time is the easiest way to stay on time, but if this isn’t available to you, set up automatic deposits with your bank.
- Compare Similar Policies
When you’re looking for insurance quotes in Alberta, make sure you’re comparing policies that are similar to each other to get the proper idea of what you should be paying. Some companies are much cheaper, but also don’t give you the coverage you may require.
- Review Your Policy Yearly And Update Information
Keeping tabs on your changing insurance needs is a great way to save money on your car insurance. A lot can change in a year, so make sure that your information is consistently updated so that you’re not overpaying on your policy.
- Compare Insurance Quotes From Multiple Companies
Hands down the best way to save money on car insurance in Alberta is to research and compare policies from multiple companies. Sites like Shop Insurance Canada give you the tools you need to compare quotes from dozens of insurance providers in Alberta, so that you know you’re getting the best price possible for your car insurance.