Insurance companies have a lot of tricks to raise insurance quotes as high as possible. Still, most of the insurance companies aren’t unreasonable, as in areas with higher crime rates and vehicle theft the prices simply have to go higher. But this isn’t the only criteria for increased premiums.
There are many other factors that affect the overall price. For example, most Ontario car insurance companies look at the tiniest details including what people drive, where they drive, their age, gender, occupation, and so on. However, there are ways to reduce your quotes and get a better deal, here is how.
Choosing the Right Job Title
Every car insurance application has a job section where you are required to state your profession. The quotes can be very different depending on what you put in. This is because insurance companies look at the average pay in your country for that job position and add a percentage to your quotes.
This is why you need to pay attention to what you say on the application. For example, instead of writing “main chef”, you can simply write “kitchen employee” or “staff” so that you reduce your quote.
See If There Is a Payment Interest
A lot of car insurance companies have monthly interests that you pay for every time. When going through an insurance policy, look for the interest and even ask the person you’re talking to whether there is any.
In some cases, it’s impossible to avoid the interest. This is why it’ always a good idea to pay for your insurance upfront so that you don’t get any interest.
Reducing Unnecessary Cost
Car insurance quotes can have a lot of detailed coverages including windscreen damages, breakdowns, accidents, theft, and so on. When all these coverages are put together, they can drastically increase the total amount you have to pay.
There are many things that you might find unnecessary, while there are also a lot of those that could be covered for other insurance you might have, so you will end up paying for them twice unless you are careful. Make sure to check off all of those you don’t need.
Don’t Be Afraid to Negotiate
In case your current car insurance is expiring, look for all of the options you have and talk to them about your current insurance and what they can offer. Then go to your current insurance provider and tell them what the others are offering you and whether they can give you something better because you are their loyal client.
About Author: The author of this blog is a content marketer who formally worked at Business-Informer. A writer by day and a reader by night, he loathes discussing himself in the third person but can be persuaded to do so from time to time.