The kids will ensure that this Father's Day, June 17th, Dads everywhere are loaded up with thoughtful gifts, but don't overlook the gift you can give yourself: saving your hard-earned money.
Let's start with the plastic in your wallet
Does your credit card pay you? If it doesn't, perhaps it's time to check out a new card. There are many rewards credit cards that offer cash back, travel perks, or points that can go toward buying gift cards, entertainment, activities or merchandise. If a card will give you cash back or help you spend less on items you'd buy anyway, perhaps that's a credit card that deserves a slot in your wallet.
Celebrating Father's Day by going on a trip?
If you'll be spending Father's Day this year on a weekend trip, chances are when you're booking your trip you'll be offered an opportunity to buy travel insurance along with it. Before buying your coverage however, compare travel insurance quotes here at Kanetix.ca first—you could save up to 64 per cent for the coverage you need.
It's time to look at your car insurance too
How much do you pay for car insurance? Car insurance can account for a big chunk of your regular monthly expenses, and if left unchecked, it's easy to overpay for it. Check in on your car insurance to see if you could pay less:
Pay your premiums all at once
When you renew or set up a new policy, opt to pay your car insurance premium annually, rather than monthly. Many companies charge a little extra to cover the cost of administering payments every month, so if you can pay your premiums in full, you'll avoid the extra fees.
More is less
The higher your deductibles, the lower your insurance premiums. Many drivers are afraid of having to pay more in the event of an at-fault claim, but you could end up saving more in the long-run from the lower premiums that come with a higher deductible. If you switch from a $500 deductible to a $1000 deductible, you could save in the region of five to 10 per cent. For safe drivers with a clean and consistent driving record, this is a money-saving tip worth exploring.
Bundle, bundle, bundle to save, save, save
Similar to TV/Internet/Phone bundle packages offered by cable and phone companies, insurance providers also offer incentives to bundle with them. Basically, if you have at least two insurance products from the same company (auto and home insurance being the most popular), you'll typically qualify for a discount in the range of five to 15 per cent off of one, or even both of your policies.
Drive with care
Tickets and at-fault accidents will typically result in higher premiums, so it's best just to avoid them all together. And, if you end up with a ticket or are involved in a collision, compare rates on renewal because the increase you may see with your current provider may mean they are no longer the company who offers you the best car insurance rate with a blemish (or two) on your driving record.
See how your rate compares
The biggest savings bang for your buck, will likely come from comparing car insurance quotes. Last year, Kanetix.ca customers for example, saved $3.8 million on their car insurance premiums simply by shopping around. Could you be saving too? Compare car insurance quotes today for a better rate.