How to Reduce the Cost of Car Insurance in Burlington

News 100 blueBy Jason Cartwright

February 11th, 2020

BURLINGTON, ON

 

car accident paid

Accidents happen – be sure you are effectively covered.

Car insurance is a necessity for any and all driving in Canada. If you don’t have enough coverage, you could be at risk for having your assets claimed in the event of a collision or major accident. Having the right type of insurance can provide you with the protection you need if this problem occurs, and it’s important whether you own the vehicle outright or have a loan on it. It’s important to know the costs associated with insurance as well as methods for reducing these fees.

Average Costs
The premium rate you pay for coverage really depends on the specific company you’ve chosen. As with all other types of insurance, some providers are simply pricier than others. Residents of Burlington will find that coverage is comparable to many other cities in the area. For this reason, it is important to compare rates and receive quotes before you actually sign up for any one plan. However, the majority of drivers in Burlington who are looking for coverage can find plans that are reasonably priced at under $2,000 a year, though it’s not unusual to find options that cost $5,000 or more annually. This amount is broken up into 12 payments, so the costs are usually low for individuals who need either full or partial protection.

How to Find the Best Rates
Before signing up for a policy, you need to compare rates with several companies. This allows you to know what’s available to you so that you’re opening an account without it becoming a financial burden. If you’re currently paying too much for the insurance that you have, it’s time to make a change and switch providers.

car insurance screen

You can buy your insurance on-line – there are some great offers.

The fees associated with taking out a new auto insurance policy will have to do with your age, driving record and the type of vehicle and driving that you do. For example, someone who is younger, has had a few accidents and drives regularly in the city may pay more than someone who is middle-aged with no accidents and who drives leisurely. Car insurance quotes for Burlington drivers can be easily obtained online and takes just minutes. You could save yourself thousands of dollars each year simply by receiving these quotes and making a switch.

Tips for Reducing Costs Associated with Auto Insurance
There are several ways for you to reduce the costs associated with coverage. First, you’ll want to consider altering the amount of coverage that you actually have. If you don’t need a specific type of protection, like comprehensive, removing this can prevent high costs associated with taking out a policy with a provider.

You might even want to consider taking a defensive driving course, as this can help to improve safety behind the wheel and reduce insurance-related fees. Taking this type of course is essential if you have a bad driving record, as it’ll prove to the insurance company that you’re looking to change your ways and clean up your presence on the road. The type of car you drive can also cause some policies to become more or less expensive. Sporty, bright vehicles are more expensive to insure while SUVs and minivans are typically less pricey.

Jason Cartwright is a retired insurance professional who now advises both insurers and people looking for the best insurance buy on what their options are.

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1 comment to How to Reduce the Cost of Car Insurance in Burlington

  • anne and dave m

    Excellent advice. Fortunately we learnt the hard way that we were with the wrong insurance company before we had a major claim. We pay for peace of mind with our insurance premiums we now have it

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