Here's how you could be saving on your car insurance
Due to the pandemic, many Canadians have been out of work, which has caused them to be unable to pay their bills.
As a result, many service providers have been providing assistance to many Canadians unable to pay.
This includes insurance companies, who have been offering relief in the form of discounts, rebates, and payment deferrals.
However, this isn’t the only way for Canadians to lower their monthly car-insurance bills.
Additionally, those looking for an extra way to save on car insurance during these uncertain times may want to consider usage-based insurance.
According to Ratehub.ca, these programs could help drivers save as much as 30 per cent on their premiums.
This means, using the average price of car insurance for Ontario drivers—$1,505 per year—they could save up to $37.63 per month, or $451.50 per year.
These savings are based on driving habits—those who drive safely and obey the rules of the road are rewarded with cheaper premiums.
Insurance companies track these by using an app on the driver’s phone, which monitors their driving habits, including how fast they’re going.
These apps also monitor other factors, including distance per trip, time of day most drivers are on the road, and speed at which drivers accelerate and brake.
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