Reviewing and renewing your auto insurance
Renewal time - let’s see if we can save you money!
The most obvious time to update your insurance is when you buy or sell a vehicle. After that, it’s when your policy renewal comes around. Use this time to review your coverage and check it against everything that’s below. Make annually reviewing your policy a habit and you might even save some money.
Big changes in life
Have you switched jobs or moved to a new address? Such changes affect your commute, which in turn affect your auto insurance. Have you become a team taxi for your child’s sports team? You may want to consider increasing your liability coverage.
If you’ve just been married and are changing your name, you’ll want to inform your insurance company (and update your license). Other important changes include moving in with a new partner and, sharing vehicles. Adding someone to your insurance will likely affect your premiums. How much depends on their age, experience, and driving record.
Likewise, if someone on your insurance has moved out, taking them off the policy could lower your premiums. Not to mention if you have a kid that moves away for school, you may qualify for a Student Away at School discount!
Any financial changes?
Some savvy consumers choose to pay their premiums with a credit card. (PC® Insurance clients who pay their premiums annually with a PC® Mastercard® or PC Money™ Account earn 2x the regular PC Optimum™ points!*)
If you lose or replace your credit card or it expires, update your payment details with your insurance company immediately, so you don’t leave yourself without coverage and unprotected. It’s the law in Canada to have auto insurance if you drive.
Or changes to your vehicle?
If you’ve modified or added custom parts to your ride, it may no longer technically qualify as the same vehicle you insured. Let your insurance company know and prevent risk of a claim not being covered.
If you can’t remember when you last reviewed your policy, well, there’s no time like the present. Review your policy details with a licensed PC® Insurance Advisor at 1-877-253-8177.
General information is provided for your reference and interest only. The above content is intended only to provide a summary and general overview on matters of interest and is not a substitute for and should not be construed as the advice of an experienced professional. PC® Insurance does not guarantee the currency, accuracy, applicability or completeness of this content.
*All purchases with the PC Financial® Mastercard® earn a minimum of 10 PC Optimum™ points per dollar and all purchases with the PC Money™ Account earn a minimum of 5 PC Optimum™ points per dollar. When you pay your PC® Insurance home or auto insurance premium with your PC Financial® card, earn double the regular PC Optimum™ points per dollar (20 points per dollar for PC Financial® Mastercard® and 10 points per dollar for PC Money™ Account). PC Optimum™ points are awarded exclusively by President’s Choice Services Inc. This is not an offer provided by any other entity. PC Money™ Account points offer is available only with Aviva General Insurance Company policies entered into after January 20, 2025. Minimum redemption is 10,000 PC Optimum™ points (worth $10 in rewards) and in increments of 10,000 PC Optimum™ points thereafter at participating stores. You can redeem the PC Optimum™ points you earn for eligible purchases, or for any other purposes of which we may advise you from time to time. Some redemption restrictions apply. Visit pcoptimum.ca for details, participating stores, and full loyalty terms and conditions.
