With so many people living paycheck to paycheck, keeping up with the cost of car insurance can be a real burden for many people. If you are one of these people who struggles to pay their car insurance bill each month, you should know that it is possible to maintain this vital coverage without draining your bank account in the process. This is because each of the five tips below can help to ensure that you pay less for car insurance in Saint John than ever before.
Tip #1: Be Sure To Reevaluate Your Coverage Every Year
Far too many people simply continue to renew the exact same auto policy year after year. The problem with this is that your car insurance needs will not remain the same each year. This is because as your car grows older, the resale value of this vehicle will continue to decline. In order to ensure you are not paying for more coverage than you actually need, be sure to sit down with a qualified insurance broker at least once a year in order to reevaluate your coverage needs.
Tip #2: Ensure That Your Average Daily Mileage Has Been Accurately Reported
The more time you spend on the road each day, the more you are inevitably going to pay for auto insurance. This is because the more driving you do, the higher your risk of being involved in an accident will be. In order to ensure you are not overpaying for your auto insurance coverage, be sure that you have accurately reported your average daily mileage to your insurance company. If you are requesting a new quote, this information will need to be provided when the representative questions you about the primary use of your vehicle.
Tip #3: Take A Defensive Driving Course
Defensive drivers are at a lower risk of being involved in an accident. This is why most insurance companies will offer a discount of around 5% to any driver who has completed a defensive driving course within the last year. These courses can also be used to help reduce the number of points on your license, which will also result in lower insurance premiums.
Tip #4: Install A Security System In Your Vehicle
Any steps that you take to reduce the risk of filing a claim against your insurance policy will typically result in a reduction of your insurance rates. This includes installing a security or anti-theft system in your vehicle. While this money-saving opportunity will require you to invest a bit of money upfront, it will easily pay for itself over time through reduced insurance rates and can help you to avoid the stress and expense that comes along with having your vehicle stolen.
Tip #5: Ask About Employer Discounts
Many insurance companies offer special discounts to individuals who work for specific companies. These discounts are part of an incentive package that are offered to large companies when trying to secure their commercial insurance accounts. However, these discounts will rarely be promoted by the insurance company. Often, the only way to find out if you qualify for this type of discount is to ask your insurance representative directly.
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