How to save on your insurance?
It’s not often the first thing that comes to mind when you’re looking to save, but your car insurance has significant savings potential. If you haven’t shopped around with different insurers in the past few years, it’s in your best interest to do so in 2022. You don’t have to wait until you change your vehicle to try to save on the cost of your premium. In this article, we’ll discuss 5 ways to save your car insurance policy.

Maintain a good credit score
When you apply for a quote for car insurance , you’ve probably noticed that insurers ask for your authorization to check your credit report. This is a visualization and not a credit application, so this check, although it appears on your file, will have no impact on your credit score.
Insurers do this because your credit score influences your car insurance premium. In fact, insurers prefer to offer discounts to customers with a good credit score because statistically, they represent a lower risk of claims.
Have an exemplary driving record
What is a driving record? Your driving record is recorded by the SAAQ and includes a lot of information such as:
- Your Driver’s License Class
- The status of your driver’s license
- Your driving experience
- Your medical file
- Your past violations
- Your demerit points
Your driving experience will have an impact on your insurance premium since an experienced driver represents a lower risk than a young driver for insurers. However, you obviously can’t influence this aspect. The only criteria that have an impact on your driving record and that you can have an impact on are your offences and demerit points.
Indeed, vehicle owners who have not had an accident or ticket generally benefit from substantial discounts from insurers. You will benefit from driving safely.
Shop around for insurance
Although it is sometimes a painful exercise to perform, it is necessary to do it. If you’ve been with the same insurer for several years, it’s in your best interest to shop around since insurers are often generous in getting new customers. Indeed, it is very likely that you will get a discount for the first year of your new contract. Although they disappear over time, this discount is often considerable at signing.
Review insurance coverage
You can choose to review your coverage in order to lower your insurance premium. The only mandatory coverage in Quebec is civil liability insurance. However, reducing your coverage to save money is a risk. It’s essential to assess your risk tolerance before choosing this option and consider whether you can afford the costs of repairing your vehicle if needed.
Is it in your interest to opt for additional coverage such as fire, theft, vandalism, glass breakage and collision-free accidents? For example, if you do not take out a guarantee to cover damage caused to your vehicle, you will not be able to be compensated in the event of an accident for which you are responsible, in the event of damage caused to the property of others (other than a vehicle), etc.
Consider the cost of insurance before buying a vehicle
If you’re considering changing vehicles in 2022, it’s important to know that a vehicle’s model and features influence the cost of your insurance. Again, it is the potential risk that is taken into account in determining the premium.
For example, a sports car or a car of greater value represents a greater risk of theft. Also, you will be more likely to get a lower premium with a new vehicle than a used one. Either way, before choosing your new car, you should take the time to check the cost of the insurance associated with it.
The aspects mentioned in this article are just a few of the key factors that influence the cost of your car insurance policy. The important thing is to be protected by coverage that is right for you, and the only way to do that is to get quotes from multiple insurers and ask the appropriate questions.
You can use online insurance premium comparison sites, take the steps yourself with different insurers or call on an insurance broker who will certainly be able to guide you in your approach.