How Do I Avoid An Increase In Car Insurance Rates?

Car Insurance can be a costly household expense! Below are just a few tips on how you can avoid an increase in your Car Insurance Premiums:

1. Traffic Violations: It takes 3 years for a traffic ticket to come off your driving record, which can affect your insurance premiums. Tickets such as speeding, careless driving, running red lights, etc. all result in higher premiums. Avoid traffic violations and avoid an increase in your car insurance premiums.

2. Avoid Accidents: Accidents remain on your driving record and affect your insurance premiums for 6 years. Drive defensively and reduce distractions while driving.

3. Research rates before purchasing a new car: You may be surprised to learn which makes & models will increase your insurance rates. Get a quote on a new vehicle from your broker, before purchasing, to avoid any surprise with an increase in insurance rates.

4. Take Advantage of Multi-Policy Discounts: Most companies offer discounts if you insure your auto and home policies through them. Call your broker and check out the discounts.

5. Consider Higher Deductibles: A higher deductible means you’ll pay a little more ‘out of your own pocket’ in the event of a loss; but it also means a lower car insurance premium

6. Notify Your Broker of Changes: Ensure you tell you broker if you move, use your vehicle differently, have different drivers, etc.; in some situations, your premiums may decrease!

Lastly…… if you are thinking of making a change to another insurance company, wait until renewal time in order to avoid any penalties for mid-term cancellations.