Consumers have some options available to them if they want to save money on the cost of their Prince Edward Island auto insurance coverage. To qualify for lower rates, maintain a clean driving record. If you have been involved in one or more accidents or you have been given tickets, you will qualify for lower rates if you can avoid any further incidents for between three and five years.
Buying your car insurance from the same company that issued your homeowners’ or commercial insurance policy can help you save money on the cost of both policies. If you insure more than one vehicle on the same policy, you would also qualify for a discount.
The insurance company will ask about your annual mileage when you apply for coverage. This isn’t idle curiosity on the company’s part; the less time you spend behind the wheel, the lower the risk that you will be involved in an accident. Ask about a low annual mileage discount, and consider taking public transit to and from work to save money on the cost of your coverage.
A strategy that anyone can use to save money on the cost of his or her coverage is to compare rates by shopping around. Taking some time to get quotes from several companies can help you find affordable coverage.