Time to check in to see if you're still getting the best car insurance rate

A change in season is the ideal time to spot check your car insurance rates.

Now that fall is here, it's time to see if you can rake up some extra money by saving on your car insurance premiums. Be-leaf it!

Saving money on your car insurance rate is as simple as comparing quotes. In fact, comparing quotes is probably the best way to spend less on the coverage you need. Auto insurance rates often change, and if you haven't shopped around lately there's a good chance you're overpaying.

Yet, more than half of drivers simply let their policy automatically renew. This could be a costly mistake. Last year, for example, Kanetix.ca customers saved $3.8 million on car insurance after shopping their rates. Could you be saving too?

Car insurance savings tips

Comparing quotes will likely give you the most bang for your buck, when it comes to spending less on your car insurance, but you can also maximize your car insurance savings by:

  • Paying your premiums all at once rather than in monthly installments
    Many insurance companies charge drivers a little extra to cover the cost of administering monthly payments. If you can afford to pay the cost of your annual premiums in one lump sum, you can avoid those extra fees that are tacked onto your premium.
  • Driving carefully and maintaining a clean driving record
    Your driving record is one of the biggest factors in determining your insurance rate. Traffic tickets can raise your insurance rates for up to three years, and accidents stay on your record for at least six. Over several years, a bad driving record can cost you hundreds, even thousands, of dollars.
  • Combining insurance policies for a multi-line discount
    Multi-line is insurance jargon for what might be better described as, multi-product. Auto insurance and home insurance are different products, and when you buy them from the same insurance company they'll often reward you for bundling. The discount can range from anywhere from five to 15 per cent off of one, or even both of your policies.
    • Multi-Line Discount Tip: Often people think only a home insurance and auto insurance policy qualifies for a multi-line discount, but there's actually more to it. Snowmobiles, RVs, motorcycles, or tenant insurance can all usually be bundled to qualify for a multi-line discount too.
  • Talking to your auto insurer if you change your tires seasonally
    If you swap out your tires seasonally, chances are you'll be booking an appointment with your mechanic in the coming month or two. But does your auto insurer know that you change your tires seasonally? Makes sure they do, because it could save you about five per cent off your premium.
  • Asking for a list of insurance discounts
    Ask your provider for a list of discounts as there may be opportunities to save money that you didn't know existed, or that your provider didn't know to offer you. Have a smarty pants in the family? There's the Good Student Discount that may be available. Is your child away at college or university? If they only drive the car when home visiting, some insurers offer a Student Away At School Discount. It's a conversation worth having that could result in you saving money.

Fall for car insurance savings

A change in season is the perfect time to take a second look at your car insurance. Compare quotes, review your policy and talk to your insurance provider to see if there's an opportunity to save.

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