Car insurance tips that could lower your premiums

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Feel like you’re overpaying for car insurance? There is a chance you are. But we have some tips that can help you save.


Here are some common factors leading to higher auto insurance premiums and what you can do to help reduce their impact:

1. Keep a clean driving record

Driving carefully and obeying the rules of the road is the easiest and most effective way to bring down car insurance costs. Car insurance companies like to see a consistent car accident-free, conviction-free track record. Remember, car accidents can affect your premiums for six years or more. Pay attention to road conditions before you hit the road and always be alert when you’re behind the wheel.

2. Choose your car wisely.

Love the look of that sweet ride? Thieves might too! If you buy a car with a high theft rate or one that's expensive to repair, your premium can be higher. Reading consumer reports, and checking with your car insurance company can help you find out which cars are harder on the wallet.

Installing an anti-theft device in your car can also affect premiums. Be sure any anti-theft device is approved by your insurance provider and installed properly.

Use this tool from the Insurance Bureau of Canada to see how your car measures up.

3. Choose who's allowed to drive your car.

If you have high-risk drivers in your household, it is sometimes possible to exclude them from your car insurance policy. This ensures you are not penalized with a higher premium. Talk to your car insurance broker for more information.

4. Review your coverage.

Take a close look at your coverage limits and deductibles.

  • Choosing a higher deductible will lower premiums.
  • If you have an older car, compare the value of the car to the cost of optional collision or comprehensive coverage and decide if it's worth it.

5. Ask about special discounts

As you shop around for different car insurance rates, be sure to ask about any special discounts. You might be surprised. For example: did you know your teen child’s good school grades can sometimes lower your car insurance premiums?

6. Ask about combining insurance plans

Depending on your situation, you might be able to combine your home and car insurance policies for greater value. With PC® insurance, for example, you can save up to 15% on both your home and car insurance policies when you combine them with the same insurance company.

7. Limit how often you commute to work in your car

Driving less can sometimes lower car insurance premiums as you’re spending less time on the road. Where you drive can also affect car insurance premiums. So, if you have a long commute or an inter-city commute, see if there are other options for getting to work.

8. Choose to check out the competition!

When your car insurance policy comes up for renewal, shop around to see if you're getting the best rate. A PC® auto insurance broker can do it for you. When you call for a car insurance quote, PC® auto insurance compares up to 9 insurance companies and presents the best quote they can find for your particular situation.

Your choices make a difference.

For car insurance quotes, keep in mind that price is not the only thing you should consider. It's important that you have all the coverage you need, so there are no surprises if you have a car accident. That's why, when you get a PC auto insurance quote, they take the time to find out what's really right for you. They even have a claims service guarantee. If you're ready to take control of your car insurance costs, start with a visit to pcinsurance.ca.

How to make a claim

Call 1-877-251-8656 to speak with a Claims Advisor.

Renewing your policy

Call 1-877-251-8652 for information regarding policy renewal.

Buying a new policy

Call 1-866-660-9035 for information on obtaining a quote.

Need help?

Take a look at the top 5 FAQs:

  • What are my choices in terms of auto coverage?

    What are my choices in terms of auto coverage?

    If you own or drive a vehicle in Canada, you must be insured. Different provinces have different requirements, but the four mandatory elements of auto insurance are:

    1. Liability - if you cause an accident and someone sues you
    2. Accident benefits - if you or someone in your vehicle is hurt in an accident
    3. Direct compensation – property damage (Ontario only)- if your vehicle gets damaged (and it's determined you're not at-fault or only partly at-fault)
    4. Uninsured motorist - if you're in an accident with an uninsured or hit-and-run driver
  • How do I reduce my insurance costs?

    How do I reduce my insurance costs?

    There are several things you can do to reduce your insurance premium costs:

    1. Work on your driving record
      Here's an easy, yet effective way to bring down your insurance costs: build a consistent accident and conviction-free track record with an insurance company.
    2. Choose your automobile wisely
      Do your research before you invest in a new car. Read consumer reports, and check with your insurance company to find out which cars tend to be targets for theft and vandalism. Remember, if you buy a car with a high theft rate, your premium will be higher.
    3. Adjust how you use your car
      By adjusting the way you use your vehicle, you can also bring down the cost of your insurance rates. If you live in a metropolitan area:
      • can you take the subway, train or bus to work?
      • has your job changed, or have you moved recently?
      • do you use your automobile to drive a short distance to work?
      • does your vehicle get used for low annual kilometers?
        If you answered yes to any of these questions, you may be entitled to lower insurance costs. Another consideration is whether you let others use your car. It is sometimes possible to exclude certain high-risk drivers from your policy so that good drivers are not penalized with a higher premium.
    4. Choose a higher deductible
      If you choose a higher deductible up front, your premiums will be lower.
    5. Review your coverage
      Take a closer look at your coverage to make sure you're not paying for things you don't need.
  • How can I earn PC® points?

    How can I earn PC® points?

    When you use your President's Choice Financial® MasterCard® to pay your PC auto insurance premium, you'll get 20 PC points per dollar of your premium. If you use your President's Choice Financial bank card to pay your PC auto insurance premium, you'll get 10 PC points per dollar of your premium.

  • Are other drivers insured to drive my car?

    Are other drivers insured to drive my car?

    Yes, as long as he/she has your permission to drive the vehicle, has a valid driver's licence and has not been specifically excluded from driving the vehicle. However, all licensed drivers in your household must be listed on your policy—regardless of how often they use your vehicle.

  • What is a deductible?

    What is a deductible?

    A deductible is the amount that you agree to pay towards the repair or replacement of your vehicle before your insurance pays the rest. You choose your deductible amount when you purchase your auto insurance. The higher your deductible, the lower your premium.

See all Auto Insurance FAQs

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