LOWER INSURANCE PREMIUMS Archives |

8 WAYS TO REDUCE YOUR CAR INSURANCE PREMIUMS IN ALBERTA After a car accident, one of the many issues that you may be facing is a possible increase in your car insurance premiums. While it can be difficult to control these increases in premiums, there are certain things that you can do to keep them as low as possible. In this blog, we will explain 8 different ways that you may be able to reduce your car insurance premiums. #1 Being a loyal customer Insurance companies typically like to reward their loyal customers. If you have been insured by a single insurance company or broker continuously for an extended period of time, you may want to ask about a loyalty discount. #2 Driving rarely or less The more you drive, the more you are likely to pay in premiums. In order to reduce your premiums, you can try taking other modes of transportation, like public transit and carpooling, to get from point A to point B. #3 Driver education/training Some insurance companies will offer a discount on premiums for newer drivers who have completed certain driver education or training courses. #4 Increasing safety If you choose to add any extra security devices onto your vehicle (for example, an anti-theft device), your insurance company may provide a discount on your premiums for this added safety measure. Moustarah & Company Edmonton Personal Injury Attorney - Motor Vehicle Accident Lawyer Edmonton Call to book a consultation: 780-428-6565 Edmonton: 10150 100 St NW #400 #5 Multiple policies or vehicles Many insurance companies offer a discount for customers who purchase multiple insurance policies through their company (ex. home, auto, tenant) or who purchase multi-vehicle policies. #6 Keeping a clean driving record Speeding tickets, accidents, and other driving offences can all increase your premiums. Being a safe and responsible driver can help bring those premiums down. You may also want to consider adding an SEF 39 endorsement to your policy if you are a safe driver with a good driving record. This endorsement, which is also known as “accident forgiveness insurance”, allows your first claim to be completely forgiven, meaning that even if you have to make a claim, it won’t affect your premiums. #7 Going eco-friendly Some insurance companies will offer a discount just for choosing to drive electric or hybrid vehicles! #8 Winter Tires Here in Alberta, winter driving can get incredibly dangerous. By putting winter tires on your car, you are not only protecting yourself while driving on winter roads, but you could also be decreasing your insurance premiums at the same time. Overall, there are many ways that you might be able to decrease your premiums. Be sure to discuss the potential options that might be available to you with your broker or insurance company.