How to Save the Most Money on Auto Insurance in Vancouver
by adminThe cost of living in one of Canada’s most expensive cities is extremely high, and savvy consumers are constantly looking for ways to save money. If you are on the hunt for money saving opportunities, your optional auto insurance may be one area you want to consider. To help you out, here are 5 helpful tips on how to save money on auto insurance in Vancouver.
Consider Public Transit or Car Pooling to Reduce Your Kilometres
You may have noticed that when you apply for your basic auto insurance, one question that always gets asked is the length of your daily commute. If, for example, you live in the Tri-City area and commute daily to downtown Vancouver, that’s could mean a daily commute of over 60 kilometers. However, if you were to instead consider using public transit for a portion of your commute, or car pool, you would be eligible for a lower rate. If your vehicle travels less than 5,000 km per year, you would also be eligible for a low-kilometre discount of 10%.
Start Racking up Your Experience and Keep a Clean Record
Even if you are currently living at home, or do not drive frequently, consider being added as a secondary driver on a family member’s policy. This way, once you are ready to purchase you own vehicle, you will have already begun to accumulate years of insured driving experience, which could add up to significant savings. It also goes without saying that keeping a clean driving record is extremely important. Experienced drivers discounts are reduced with one at fault accident, and eliminated with two.
Consider Your Vehicle Selection
It’s always nice to have a car with all the bells and whistles. However, these luxury extras could add up to huge additional expenses on your auto insurance. In particular, ultra-luxury vehicles, sports editions, and aftermarket upgrades can all translate into increased insurance premiums. It also pays to do your research, as vehicle makes and models that are more popular for theft will also cost more to insure.
Anti-Theft Device Discount
Claims due to theft are ones of the biggest expenses for insurance companies. To help reduce auto theft, an electronic immobilizer can be installed on your vehicle. This immobilizer deactivates your engine when it is turned off and will not allow the engine to start again without a special key or fob present. This device can reduce your monthly auto insurance premiums, as well as qualify you for a $100 deductible rebate should your vehicle be stolen while the device is activated.