Back in August 2013, the Ontario government announced it was targeting an average 15 per cent decrease in car insurance rates by August 2015, and so far they say rates have dropped an average six per cent. Are there ways to save even more?
A good friend of mine, always tells me to ask, "Is that the best price I can get?" when buying something from a store. At first, I was embarrassed to do it but have long since learned that it never hurts to ask as I'm often offered an extra 5 per cent here, a 5 per cent there. It adds up.
Now, buying auto insurance isn't the same as buying a new refrigerator; this is absolutely true. There are no weekend sales, and there's no room for haggling. Car insurance in Ontario is highly regulated by the Financial Services Commission of Ontario to ensure that people are treated fairly and consistently; this is a good thing.
But, take a look at your current auto insurance policy, and ask yourself, "is this the best price I can get?" Chances are-if you're a good driver-you can get a better price, especially in the coming months and year ahead.