Wondering what you can do about the cost of your car insurance?
This year more than ever, drivers across Ontario are seeing a hike in their auto insurance rates. With the cost of living ever on the rise, it’s natural to look for ways to reduce spending, and reviewing your car insurance policy is a great place to start.
At Cane and Co. Insurance, we’re always here to help our clients find ways to reduce premiums, while making sure they understand their coverages and endorsements in order to prepare them for the unexpected. As brokers we have access to various Insurance companies which means we do the legwork for you, comparing your policy premiums and coverages to other options that are available. The top thing you can do is talk to your broker. Why? We put your interests first, and as the industry changes we have ability to re-quote your policy and make sure it is right for your needs and budget.
Equally important is ensuring you have the proper coverage in the event of a loss. Since even a minor fender-bender can cause your rates to jump, spending a bit more up front can be a huge savings in the long run. Remember, even if you’re a great driver you can’t always predict who you’ll meet on the road.
Something else to keep in mind: If you’re shopping for a new vehicle, you may be surprised to learn that some of the most popular models have high rate groups, which translates into much higher premiums than you might expect. A quick call to your broker at Cane and Co Insurance will allow you to check the premium before you buy or compare one model to another.
“ This is especially important for young drivers ,” says Jenna Cane, our President. “ Since less experienced drivers face higher insurance fees across the board, the right first car can mean a big difference in rates. Recently, I was working with a young driver who was trying to decide between three of the more popular compact cars on the market. In the rate groups, the premium varied as much as $300 per year between each vehicle. Knowing that definitely made it easier for him to decide! ”
If you’d like to talk to us about your current policy or have questions about changes you might be looking to make, call 519-601-1100 and Jenna, Jessica and Fraser would be happy to help!
