Every year, insurance rates go up. Increase in the number of accidents, cost of repairs and manpower, frequency of natural disasters and severity of bodily injury the reasons given by insurers are numerous to justify these increases.
Obviously, the increase is more or less marked depending on the products. Generally, auto and home are the most affected areas of insurance. Here are tips to adjust your budget and save on home and auto insurance premiums.
This rule is unfortunately true for many products and services, including telephony and television subscription contracts. It is therefore good to go around the market (to get an idea of the prices elsewhere) and to play the competition.
Use an online insurance comparator to save time, efficiency and completeness
Comparing online is free and actually saves a lot of time, imagine if you had to move or call each insurer to study his formulas!
Emphasize an online actor, often less expensive, for connoisseurs
- The advantage of privileging the insurers present only on the web is also not to pay the brand or the physical agency, and thus to benefit from better offers.
- If you have multiple contracts and services in the same brand, this can give you access to cheaper rates from your insurer.
It’s obvious: pay only what you need. This is as true for the mutual as for the car and the home.
Choose the annual payment as fees are applied for monthly payments
If your insurer offers a monthly payment rather than an annual payment, be aware that the total amount of your premium will be higher. Paying your car or home insurance premium at one time means a reduction. From the auto insurance broker Toronto now you will be having the best deals available.
Increase deductibles to lower the cost of insurance
This is a tip of which few know, but who can play on your insurance premium in the long run.Pay attention to the reporting of small claims that may impact the amount of the premium while personal care may be more economical. It is true that taking care of small repairs directly will prevent you from being penalized and that your insurance premium will increase.Do not reduce your warranties to save in the short term because in the long run and in case of accident the calculation could be bad.
This last tip goes hand in hand with the sixth. So remember this: list your needs, and adapt the guarantees as much as possible. Be careful, your needs can change from year to year, so review them every year at the same time as you go around the insurance market to compare your contract with available offers.