There are several articles titled “7 Ways to Save on Car Insurance” or “5 Tips to Lower Your Car Insurance Costs” etc., but wouldn’t it be great to have all those saving tips and discounts in one place? ? Below you will find such a list for auto insurance. This list is a comprehensive overview of all the opportunities to save on auto insurance in Canada and was compiled based on the results of numerous discussions with insurance brokers and through analysis of different insurance offerings.

1. Compare prices: Find, compare and switch insurance companies. There are many insurance providers and their price offers for the same policies can be very different, so use various online tools and talk to multiple brokers as each will cover a limited number of insurance companies.

two. Package: Do you need home and car insurance? Most companies will offer you a discount if you combine them.

3. Professional Membership: Are you a member of a professional organization (for example, Canadian Certified Management Accountants or Air Canada Pilots Association)? So some insurance companies offer you a discount.

4. Students: Being a student can only result in a student discount.

5. Alumni: Graduates of certain Canadian universities (eg University of Toronto, McGill University) may be eligible for a discount at certain insurance providers.

6. Employees / Unionists: Some companies offer discounts to union members.

7. Seniors: Many companies offer special prices for seniors.

8. Direct insurers: Have you always dealt with insurance brokers/agents? Getting a policy from a direct insurer (i.e. insurers who work through a call center or online) can often be cheaper (but not always) since they don’t pay an agent/broker commission for every policy sold .

9. Annual vs. monthly payments: Compared to monthly payments, annual payments save insurers administrative costs (for example, sending bills) and therefore reward you with lower premiums.

10. Loyalty: Staying with one insurer longer can sometimes result in a long-term policyholder discount.

11. Annual review: Review your policies and coverage every year, as new discounts could be applied to your new living situation if it has changed.

12. Welcome discount: Some insurers offer a so-called welcome discount.

13. Compare your costs: Knowing how much other consumers similar to you pay for their insurance can help you identify the cheapest insurance providers.

14. Auto Insurance Deductibles: Increase your auto insurance deductibles if you think you are capable of incurring higher damage payments in the event of an accident. This is especially suitable for more experienced car drivers.

15. Being second driver: Do you drive a car alone from time to time? Become a second driver instead of a primary driver

16. Minimum coverage: Do you drive an old car without great value? Get minimum coverage required by law (mostly liability) with no collision damage (you’re still protected if you damage someone’s car, but damage to your car won’t be covered)

17. Minimum coverage: Do you drive an old cheap car? Then just get a minimum coverage plan required by law (mainly liability) with no collision damage coverage (does not cover damage costs for your vehicle)

18. Take advantage of your credit card: Check if your credit card insurance includes rental car protection. Paying with a card that carries rental car insurance can save you about $20 per day in collision damage waiver fees.

19. Take advantage of rental car coverage: If you frequently rent cars and have an auto insurance policy, you should check whether your own auto insurance policy actually covers the rental car. If that’s the case, you can save on all Collision Damage Waiver costs for rental vehicles.

20. Rental Car Driver: If your current auto insurance policy doesn’t cover your rental car, you can often add it as a rider (policy extension) for $20-30 dollars a year. Compared to the $20 a day you’d pay to rent a car, that’s not a bad deal!

21. Rent, rent, rent: Auto insurance costs are different from province to province (for example, moving from Ontario to Quebec will almost certainly cut your insurance costs in half). If you move within a province, you should check for changes in auto insurance costs, and ideally, you should move to a place where costs are lower (for example, Burlington, Ontario has one of the highest rates). highest car insurance rates in Ontario)

22. CAA Member: CAA Members: Are you a member of the CAA? Some insurance providers will reward you with lower insurance premiums, including of course the CAA.

23. Dash Cam: Get a dash cam for your vehicle. Although installing a dash cam does not result in any direct savings (insurance companies do not offer any insurance discounts related to dash cams), it can prove that you are not at fault when it comes to an accident. The result is that you avoid unfair premium increases.

24. Driving course: Some insurance providers acknowledge that successfully completing a driving course can help you lower your premiums.

25. Improve your driving record: Do you have a bad driving record? Every three years, previously incurred tickets are removed from your insurance history and your insurance premiums may decrease.

26. At-fault accidents: Have you been in a couple of accidents in the past where you were at fault? With a little patience (six years without an accident), your risk profile will improve and you can once again enjoy reasonable insurance premiums.

27. Age: Older drivers enjoy lower auto insurance premiums. So in several years your premiums can go down.

28. Make and model of car: Choose your car wisely, as some car models are more susceptible to theft or even have a history of riskier driving (for example, Toyota Camry, Acura MDX, Toyota RAV4 and Honda Civic are often quite expensive to insure)

29 Good student: Yes, having good grades can have many positive impacts, including your car insurance rates! For example, an insurance company rewards students under the age of 25 and with good grades (B average or higher) with a discount of up to 25%.

30. Multi Car Pack: Bundle multiple cars on one policy and your rate can go down

31. Anti-theft system: Installing a certified anti-theft system in your car reduces the risk of theft and therefore can lead to insurance discounts.

32. Winter tires: Having winter tires is important for winter driving safety, but it can also help lower your insurance premiums.

33. Repair costs: Choose a car that costs less to repair in case of damage. The repair costs of certain cars (eg Mini Cooper or BMW) are higher than others (eg Ford Focus) and insurance providers know this.

34. History of claims: Maintaining a clean claims history can sometimes be more financially feasible than filing claims for minor damage repairs, which could result in increased premiums. Contacting an insurance provider/broker might help you figure out what makes sense.

35. Being married: In most provinces, your marital status affects your insurance premiums (except Nova Scotia)

36. Short distance to work: Finding a home close to your workplace reduces the distance you need to drive each day to get to work and therefore results in lower insurance premiums.

38. Drop glass coverage: For cars with cheap windshields, it may be more economical to leave the glass coverage since in combination with the deductibles to be paid in the event of an accident, you would pay more. It’s up to you to calculate.

39. Discounts for retirees: Some insurance companies will offer different retirement discounts for drivers.

40. Disabilities: Some companies offer discounts for people with disabilities.

41. Hybrid Vehicles: Many companies reward driving a hybrid vehicle with lower insurance premiums.

42. Private garage: Parking your car in a secure location (for example, private or secure garage) typically results in lower insurance premiums with auto insurance providers.