Owning a car comes with its fair share of expenses, not the least of which is auto insurance. Thankfully, while you can't exactly control costs such as the price of gas, you do have some power over your Edmonton auto insurance. Merit Insurance Services Ltd, an insurance brokerage offering vehicle insurance in Edmonton, has some tips that can help you save significantly on your auto insurance.
- Consider the level of coverage that you need
Your vehicle insurance must, at minimum, provide accident benefits and third party liability. You can also choose to add other options to your coverage, such as collision coverage. While you should consider these options, there are also reasons why you may want to leave them out. For example, if you drive an older car that just wouldn't be worth fixing in the event of an accident, then you can drop the collision coverage, pocket the savings, and put them towards a newer car.
- Consider raising your deductible
Opting for a higher deductible is one of the simplest ways to lower your vehicle insurance rates, as taking on more risk yourself means less risk for your insurer. Make sure, however, that your deductible is something you could afford.
- Insure multiple vehicles on the same policy
If you drive more than one vehicle, then another easy way to save money on auto insurance is to insure all of your vehicles on the same policy. Your insurance provider will gladly provide you with a multi-vehicle discount for your business.
- Bundle your Edmonton auto insurance and home insurance
Homeowners additionally have the option to bundle their home and auto insurance, which will save them money on both. If your home and car are on two separate policies, then you're likely spending much more than you need to be.
- Keep a good driving record
Having a good driving record and sustaining it for a certain period of time will earn you lower auto insurance rates, as you present far less of an insurance risk. It is also a good idea, if you are a new driver, to show that you are a safe bet by completing an accredited driving course.
- Consider the type of car you drive
Expensive vehicles (because they are more likely to get stolen) and heavy, powerful vehicles (because they may cause more serious damage if involved in an accident), are more expensive to insure. If you're in the market for a new car, then do some research on which vehicle can best suit your needs, your wants, and what you are willing to pay for insurance.
AFFORDABLE VEHICLE INSURANCE IN EDMONTON FROM MERIT INSURANCE SERVICES LTD
At Merit Insurance Services Ltd our experienced brokers will help you find the level of coverage that you need for your auto insurance in Edmonton at the best price possible. We'll take into account factors such as your driving record and what kind of car you drive, and we'll let you know how much you can save by bundling insurance policies.
If you're ready to save on your vehicle insurance in Edmonton, then don't wait to contact Merit Insurance Services Ltd today.