Top tips to save on your car and home insurance

by | Jul 3, 2024 | Finance and Business

Insurance is meant to provide peace of mind when you need it most. Yet, the monthly expense of car and home insurance remains a stressor for many Canadians. If you’re looking for a way to lower your insurance rates, you’re not alone.

Start by exploring all your options to find out which insurer offers the best premium. If you’re renting or own a home, your insurance policy and rates will be different. Whereas, if you’re in the market for a new car, the model of car you’re looking to insure plays a big role in the calculation of the cost.

If you’re a student, your insurer may offer specialized packages tailored to your budget. Whether you’re commuting to school every day, only using your car on the weekends or driving across the country to visit your family on the holidays, there’s an insurance policy fit for you.

Many employee groups, college or university alumni associations, and other professional association members are often eligible for exclusive discounts on car and home insurance.

For families and households with multiple vehicles, consider bundling your home and auto insurance as you may be eligible for better rates, exclusive discounts and savings offered by your insurer.

Make technology your friend and have it remove the guesswork for you. Some insurance providers reward safe driving habits with discounts, such as Belairdirect’s automerit feature which utilizes real-time driving habit assessments, and offers personalized premiums based on safe driving behaviours, empowering policyholders to control their insurance expenses.

Find more ways to simplify your insurance costs at belairdirect.com

Related Content

How newcomers can find meaningful careers in Canada

How newcomers can find meaningful careers in Canada

If you’ve recently moved to Canada and are frustrated by a tough job market, you’re not alone. Many newcomers struggle to find similar positions to those they held back home and take on survival gigs to support their families. Fortunately, there are many things you...

read more
Budget like a pro this summer

Budget like a pro this summer

As Canadians navigate the current financial environment, they are seeking ways to reduce their expenses. According to a recent Belairdirect survey, close to half (41 per cent) of Canadians think of themselves as financially savvy, with more than a third sharing their...

read more
How to help make your money grow

How to help make your money grow

In today’s complicated financial environment, every dollar counts for Canadians. Many may miss the opportunity to maximize their money. The question is: how should Canadians allocate their funds? Should they put it towards personal spending, savings or high-interest...

read more
The best times to shop around for deals

The best times to shop around for deals

When you’re in the market for a new or used car you don’t buy the first one you see. It’s important to shop around and do your research to find the best deal. But what is the best time of year to do so? Here are the top three times of year to get the best bang for...

read more
6 tips for navigating financial stress

6 tips for navigating financial stress

Feeling anxious about money is normal, but it doesn’t have to be all-consuming. There are simple steps you can take to reduce stress and build more confidence in managing your finances. Here are six steps to help lower your financial stress, according to Royal Bank of...

read more