Words can be magical and the words ‘new car’ mean a lot of things to a lot of people but there’s that common moment of turning the vehicle on, driving off the lot, windows down, wind blowing and sun shining with smiles all around. But even before you decide to upgrade – you need to consider your insurance options.
At Capital Insurance Brokers we realize that Edmonton is a driving city, having your own car or truck is still the most efficient way to get around the city. While auto insurance is the law and a smart idea, our competitive rates, coverage, and personalized services has earned us the reputation of the automobile insurance Edmonton trusts over other companies in the area. To maintain your trust, here are a few tips for insuring your new car.
Much of what insurance ‘costs’ is associated with ‘choices’ – the choices you make in relation to your vehicle. Choice in how you drive, what you drive, who else drives your car all have major implications.
Auto insurance companies like to see a consistent accident-free, conviction-free track record. Remember, accidents can affect your premiums for six years or more. However, with Capital Insurance Brokers, if you have been accident-free for at least six years and choose a policy with “Accident Forgiveness,” your rates will not rise.
The vehicle you choose has a huge impact. Do your research and read consumer reports, cars with a high theft rate, frequent accidents, or are expensive to repair, can increase your premium. Check with the Vehicle Information Centre of Canada to see how your dream-car rates.
To ensure you get the right coverage there are a number of items beginning with asking lots of questions and look at your coverage limits and deductibles. There are a number of ways to enhance the value of your policy and/or reduce your cost.
The three most popular ways to save are: place all your cars on the same policy; insure both your car and home with the same company; and, increase your deductibles. Having an anti-theft device installed in your car may be beneficial, see if your company offers this ‘Alarm or anti-theft discount’ and consider if the price of the device is worth the added savings over the years for you.
Finally, a new car means new driver – to the vehicle and sometimes to driving. If this is you or someone in your family, then note that licensed drivers who have completed an approved drivers training course in the last 3 years pay lower premiums.
If you have questions, or need Car Insurance call Capital Insurance Brokers today at 780-476-1600 to schedule an appointment to discuss your auto insurance needs and request a free, no-obligation quote.