Money Saving Car Insurance Tips

No one wants to spend more on auto insurance than they have to. We all want the same things, the best auto insurance coverage for the most affordable price. If you are in Port Coquitlam shopping for auto insurance, try these money saving tips to help you get the most coverage for the lowest price.

Saving Money on Your ICBC Coverage

Shopping around for car insurance in BC is a little different than in other provinces in Canada, basic coverage must be purchase through ICBC. While the lack of competition in basic auto insurance providers has resulted in comparatively higher rates than across the rest of the country, there are still a few tips you can use to help reduce your premiums for Port Coquitlam auto insurance:

1. Low Kilometres:

If you only use your vehicle to drive short distances, use your vehicle infrequently, or take public transportation for a portion of your travels, make sure to ask about low kilometre coverage. 

2. Safety Technology Discount:

If your vehicle is equipped with AEB (autonomous emergency braking) you may qualify for a reduction in your basic coverage. If you are shopping for a new vehicle it may be worth adding this feature to your package.

3. Experienced Drivers Discount:

Experienced drivers receive a discount for each year they have a clean driving record. Even if you have no plans to purchase a car in the near future, getting your license and being added to a family member’s insurance policy will allow you to begin to build a clean driving record and reduce your premiums when it comes time to insure your own vehicle. 

4. Anti-Theft Device Discount:

If your vehicle comes come equipped with an immobilizer – a feature that prevents your vehicle from starting without the key present – you could qualify for a rebate on your annual insurance premiums.

Saving Money on Your Optional Insurance

Drivers have many more options when it comes to optional Port Coquitlam auto insurance coverage, thanks to new rules allowing for open market competition among multiple auto insurance providers. Basic ICBC coverage is just that, basic coverage, it provides the mandatory minimum coverage for third-party liability, uninsured motorist’s protection, medical, hit and run, and inverse liability coverage. However, basic ICBC coverage does not provide coverage for things like:

1. At Fault Collision Coverage

2. Comprehensive

3. Loss of Use

4. Rental Vehicle Coverage

5. New Vehicle Protection

6. New Glass Replacement

7. Accident Forgiveness 

Thankfully, Port Coquitlam drivers are not stuck with ICBC for their optional coverage. The best way to ensure you get the most bang for your buck is to shop around. With plenty of competition, you can find extensive coverage with all the features you need for a very affordable price.