Kanetix.ca customers saved $3.8 million on their auto premiums last year, and you could save too.

It's that time of year again, to forget the mistakes of the past and look forward to a new year of opportunity. And, when it comes to your car insurance rates, there's a lot of opportunity to save.

Increase your car insurance 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 out of pocket in the event of a claim.

Bundle your insurance policies

Save even more by bundling 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 overlook other policies you may have that could result in a discount: like a motorcycle policy, RV & Trailer, even ATVs and snowmobile policies could qualify.

Pay upfront

If you can afford to pay your car insurance premium annually, rather than monthly, at the end of the day you'll pay less for your coverage. 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 those pesky administrative fees.

Consider a usage-based insurance program

A usage-based car insurance (UBI) program can typically save you five per cent just for signing up, with additional savings of up to 25 per cent for drivers with good driving practices. Also called telematics, UBI programs monitor a driver's driving habits to offer insurance rate reductions to good drivers. These programs take into account how fast a driver accelerates and brakes, what time of day they drive, trip duration, and speed, among other factors. Get auto insurance quotes today from providers who offer a UBI program.

Shop around

It goes without saying that we're keen on comparison shopping, but it is absolutely one of the easiest ways to save. Rates often change—not just with your insurance provider, but all providers—and the company who offered you the best rate two years ago or even last year, may no longer offer you the best deal today.

At minimum you should compare rates annually at renewal, but there are plenty of other opportunities to save as well. You should compare rates—renewal time or not—if you'll be moving, buying a new car or getting married in 2018, because as your life changes, so will your car insurance rates.

Be confident that you're getting the best car insurance rate in 2018 by comparing quotes at Kanetix.ca. No one else covers as much of the market as we do, and we make it quicker and easier for you to get quotes and your coverage from the top providers all in one place. Compare car insurance quotes today for a better price.

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