Tips and tricks to shopping for new automobile insurance in order to save money from year to year
2WARNING - I will NOT be held responsible for any damages the methods shown in this video may cause to yourself or someone else, including loss of chance and/or loss of profits. Any information you choose to put into use from this video is done AT YOUR OWN RISK.
This video will show you tips and tricks that I use when shopping for new automobile (car) insurance (either online or by telephone). In the Montreal, Quebec, Canada insurance market, after years of shopping around for car insurance, I have saved on average $200 from year to year in the first four years of owning my car, just by shopping around and changing insurers every year. This video will show you my method of setting the ideal date to research rates, gathering the necessary information, keeping track of insurers and their rates, what to look for in coverage vis a vis your current coverage, which insurers to prioritize and which insurers to avoid, how to avoid long-term contracts, how to understand what is being offered to you and how to compare rates from quote to quote, and most importantly, how to identify and realize when an insurer is taking advantage of your complacency and is trying to impose on you the same rate that was once advantageous but that is now unfairly in favour of the insurer due to the depreciation of your vehicle due to age and use.
Here is the outline of the tips and tricks that I cover in this video (of course, these topics are discussed in detail in the video itself):
BE MINDFUL OF YOUR INSURANCE RENEWAL DATE, AND ALLOCATE MINIMUM A FULL BUSINESS WEEK BEFOREHAND TO EXPLORE OTHER OPTIONS
PREPARE ALL PERTINENT INFORMATION BEFOREHAND
Including:
-Driver's License Number
-Date First Driver's License Was Issued
-Date Learner's Permit Issued
-Date Driving Courses Completed
-Vehicle Identification Number (VIN)
-Specific Dates, Details, and Amounts Claimed for Prior Accidents
-Specific Dates, Details, and Fines Paid for any Driving Infractions
-Specific Date When Moved Into Current Residence
CREATE A LIST OF WHICH INSURERS HAVE BEEN CONTACTED AND THEIR RATES, INCLUDING URL'S AND REFERENCE NUMBERS IF THE OFFERS ARE INTERESTING
COMPARE COVERAGE TO YOUR CURRENT COVERAGE, NOT JUST WHAT IS CHEAPEST, AND ENSURE YOUR NEEDS ARE BEING MET
UNLESS TIME IS OF LITTLE IMPORTANCE TO YOU, FAVOUR OBTAINING QUOTES FROM INSURANCE PROVIDERS OVER BROKERS,AND ENSURE ALL MAJOR INSURANCE PROVIDERS ARE CONTACTED
BEWARE SITES THAT OBTAIN QUOTES FROM MANY PROVIDERS AT ONCE
NEVER SETTLE
BEWARE OF LONG CONTRACTS, AND FACTOR IN ALL APPLICABLE SAVINGS, WHILE KEEPING IN PERSPECTIVE THE COST PER MONTH RATIO
REMEMBER, A QUOTE IS JUST THAT: A QUOTE! NEVER FEEL OBLIGED TO SIGN UP WITH AN INSURER UNTIL YOU HAVE EXPLORED ALL OF THE OTHER OPTIONS YOU CARE TO EXPLORE