Top 5 things you need to know if you’re clueless about car insurance

First time buying auto insurance on your own? It doesn’t have to be daunting if you know what to look for ahead of time.

We’ve put together our top five tips on what you need to know if you’re feeling a bit clueless about buying car insurance.

  1. Going for a higher deductible can help reduce costs. Don’t want to pay more for your auto insurance than you have to? Consider increasing your deductible – just make sure you can afford to cover the higher amount if you make a claim.

  2. Not all loss or damage is covered. Rusting, corrosion, mechanical breakdown, tire damage and general wear and tear aren’t covered by a standard auto policy. Also, if any personal items (e.g. your phone, purse, sports equipment) are stolen from your vehicle, it’s not covered either – it may, however, be covered by your home/condo/tenant policy.

  3. You’re not going to pay more if you drive a red car… or any other colour car for that matter.

  4. Check for discounts. There might be ways you can save on your insurance. (Be sure to read 6 ways to save when insuring your ride to find out more about saving on auto insurance.)

  5. It’s a good idea to shop around. Yes, we’re actually telling you it’s okay to check out other insurance companies! It could make a difference in your price. For instance, if you have a history of speeding tickets, some insurance companies will base your rate on that history – others won’t. Like any important purchase you make, it’s always smart to shop around before you make your final decision.

Coverage your car’s always wanted at a competitive price.