How do I reduce my insurance costs?

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

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.

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.

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.

Choose a higher deductible

If you choose a higher deductible up front, your premiums will be lower.
Review your coverage
Take a closer look at your coverage to make sure you're not paying for things you don't need.