British Columbia auto insurance customer can take measures to keep the cost of their insurance coverage down. Drivers in that province must have insurance in place, but it doesn’t mean they want to break the bank to do so.
One simple way to keep cost down is to increase the amount of the policy’s deductible. When a customer agrees to pay more toward the cost of a claim themselves, the insurance company rewards them with a price break.
Insurance companies will always charge lower prices to people who have clean driving records, so it’s important to avoid being involved in accidents. Getting traffic tickets will also increase the cost of coverage, and savvy insurance customers will make sure they are following the rules of the road at all times.
Since insurance companies pay out on collision coverage to the Blue Book value of the vehicle, as opposed to replacement cost, it may not make sense to keep this type of protection in place on an older vehicle. If there is an outstanding loan on the vehicle, the lender may require that the collision coverage be maintained, but once it has been paid in full, the customer may want to consider dropping it.
Keeping annual mileage low is another way to get lower car insurance rates in British Columbia. Taking public transit is not only good for the environment, but it can save money, too!