How to get an A+ As the school bell rings, and students (and parents) get back into the grind, there's no better time for a refresher course in getting the cheapest car insurance rate.

Shop around

Chances are the single most important factor in lowering your car insurance rate is to compare car insurance quotes, at minimum on an annual basis before your renew. Rates often change—not just with your insurer, but all insurers—and the company who provided you the best rate five years ago, two years ago or even last year, may no longer offer you the best deal today.

Increase your deductibles

Save five to 10 per cent on your auto insurance premiums simply by raising your deductibles. A deductible is the portion of an insurance claim you agree to pay so the higher your deductible, the lower your car insurance rate. Keep it affordable though, because this is how much you'll have to pay in the event of a claim.

Bundle your policies

Save even more when you bundle your insurance policies. It's called a multi-line discount and it can save you five to 15 per cent off of one, or even both of your policies. Usually people bundle their auto and home insurance together, but don't forget about your other policies too: motorcycle and RV & Trailer, even ATVs and snowmobiles could result in a discount.

Speaking of snow (sorry), are you thinking about buying winter tires this year?

If this winter you're thinking that your all-season tires just aren't good enough in the cold, snow, ice and slush, and you're considering getting winter tires, make sure you keep your auto insurance provider in the loop. Some insurers offer a winter tire discount that can save you about five per cent off your premium. If they don't offer the discount, compare rates online to see who does and if it will result in a lower rate.

You deserve an A+, but are you getting it from your current auto insurer?

Is your current auto insurer earning an A+, or is it failing to make the grade when it comes to the auto insurance rates you pay? Today you're the teacher and it's time for a pop quiz: compare car insurance quotes to see if you could be paying less.

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