To find the best auto insurance rate possible, you must know the various factors that affect premiums as well as the different coverage types that are available. Before you make a decision, make sure you ask these 6 essential questions that will help you find the best rate and coverage available.
Are There Any Discounts?
Many people are unaware that there are many discounts that can be applied to lower your insurance rate. If you have multiple vehicles, anti-theft devices on your vehicle, have a good driving record, have been a loyal customer, own a hybrid vehicle, have a recognized occupation, they can all help you save on your premiums.
Can I Get a Better Rate for Being a Good Driver?
Depending on the number of years you have had a clean driving record, most insurance providers will offer a better rate. Some go even further and will offer a lower premium if you register for a program that tracks your driving behaviour via a mobile app. This program monitors the distance that you drive, the time of day you most frequently drive, your hard braking and acceleration behaviour.
What Is the Deductible Amount?
Most policies have a $500 deductible. In some cases, you can choose to opt for a higher deductible in exchange for lowering your premiums.
What Insurance is Mandatory?
By law, drivers must have basic liability coverage and accident benefits. Third party liability is what covers the policyholder in the unfortunate event that their actions led to an accident causing damages or injury to another individual. Accident benefits are what cover the driver and occupants of the vehicle for income replacement, medical costs, death benefits or funeral expenses as the result of an accident.
What Are the Other Types of Insurance I Should Consider?
There are other types of insurance available which can be added to your policy for increased coverage. These are:
Collision Coverage – provides coverage for damage to your vehicle that is caused by collision with another object.
Comprehensive Coverage – provides coverage to your vehicle for fire, windstorm, vandalism, hail, or theft of your entire vehicle.
Does the Policy Offer Accident Forgiveness?
This can vary depending on the insurance carrier but some offer accident forgiveness and premium protection. It is important to note, however, that you may not qualify if you have already been involved in an accident, have had your license suspended before, have been convicted of distracted, dangerous or impaired driving or have received too many traffic violations.
Why Should I Choose Bow Valley Insurance for My Coverage?
As a leading team of insurance professionals since 1979, we have extensive knowledge of the insurance industry and how to get you the best possible rate. We compare a number of policies to find the most competitive rate on the market to ensure that you have the best coverage available at the best rate.
Start saving today and get a free quote for the best auto insurance rate with the best coverage available. Call 403-297-9400 today!