7 Money Saving Tips on Car Insurance

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July 5, 2013
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July 18, 2013

7 Money Saving Tips on Car Insurance

There are many ways to reduce your car premiums.  We have made a list of these things.


7 Money Saving Tips on Car Insurance

1.     Immobilize your car – depending on the vehicle, MPI will install a free immobilizer in your car, or provide one at a reduced price.  You will also save at least $40 in premium every year.

2.     Good driver – Good price – Being a good driver is the best way to save money on your car insurance premium.  With a clean record you move up one level per year on the Driver Safety Rating scale.

3.     Pleasure Users – Pleasing Premium – If you do not drive to work or school, or only do so not more than four times a month, you can insure as “Pleasure” use and save approximately 15% on your insurance.

4.     Low Profile – Low Cost – The type of car you drive is a major factor in what you pay for insurance.  Is it less costly to repair than most cars?  Is your vehicle not a target for thieves.  If you answer to these questions is ‘Yes”, you’re paying less than the average car owner for insurance.

5.     Increase your deductible – The higher the deductible you choose, the less you pay in premiums.  If you choose a higher deductible of $500 you save 10-15% in premiums.

6.     Drop Unnecessary coverages – For example, if you own several vehicles, you may not need Auto Loss of Use (coverage for a rental car if one of your cars is in the shop for repairs following an accident).

7.     Discounts for Safety Features – If the car has airbags, automatic seat belts, anti-lock brakes and a theft deterrent system, a premium discount is automatically built into the premiums.


If you have questions about your premiums, don’t hesitate to call the insurance specialists at Pembina Insurance.