How To Lower Your Auto Insurance Premiums: 4 Tips From TIRECRAFT Techs
May 11, 2023
Tires
Looking to lower your auto insurance premiums? You’re not alone. According to a new report by the Toronto Star, auto insurance premiums have jumped by as much as 37% in some Ontario cities, leading drivers scrambling to find ways to save (Gupta, 2023).
Fortunately, there’s plenty you can do to lower your auto insurance premium without shopping around for new providers, and the TIRECRAFT team is here to help.
Read on to learn 4 ways to lower your auto insurance premiums in 2023, or contact your local TIRECRAFT to schedule a consultation today.
#1. Keep Your Older Car In Shape With Preventative Maintenance
Believe it or not, older cars often cost less to insure because they don’t have all of the expensive sensors, systems, and on-board computer gadgetry used in modern vehicles. This new tech can be quite pricey to replace, and this is reflected in most new vehicles’ higher auto insurance premiums.
Thus, there’s a big incentive to keep your old family car in shape—it will save you both the costs of a new vehicle, and the costs of modern auto insurance premiums!
With regular investments in preventative maintenance, you can extend the service life of your old family vehicle for years, while also keeping ride comfort and fuel economy comparable with modern builds. Take inspiration from Mark Intihar, an Ontario man whose 2000 Toyota Sienna van is now nearing the 1-million kilometer mark (Foran, 2022).
His secret?
“It’s all about maintenance,” says Intihar. “At 930,000 kilometers, I think it’s just getting broken in.”
Looking at the Insurance Bureau of Canada’s Relative Claim Cost Index, we see the 2000 Toyota Sienna leading the pack with all-green, all-positive scores, indicating auto insurance premiums far below the market average. In other words, Mark is saving big, and you can too, with the help of our preventative maintenance experts.
#2. Reduce Your At-fault Accident Risk With Smart Auto Care
Well-maintained vehicles get into fewer accidents—that’s a fact!
It doesn’t matter how skilled you are behind the wheel. If your brakes are shot, your tires are bald, or your visibility is reduced due to wiper blade or headlight problems, no amount of careful driving can fully protect you.
And collisions aren’t just a safety hazard; they’re also one of the most important factors used to determine your auto insurance premium.
If you want to stay safe and reduce your risks of at-fault accidents, your local TIRECRAFT is here to help, offering easy access to expert auto care services and premium parts, all under one roof, so you can drive with lower premiums and more peace of mind!
#3. Simplify Your Auto Insurance Registration And Save Money
In order to be insured in Ontario, vehicles must meet strict safety and emissions standards. And if you’re buying a used vehicle or registering a car from another country, you will need your Safety Standards Certificate (SSC).
If your vehicle is in bad shape, this can cost a lot (just another reason to stay on top of your preventative maintenance!). But your local TIRECRAFT can simplify the process and help you save big, whether you need a quick service or a major system replacement in order to pass. We guarantee great prices to start, and we offer our clients even more ways to save through our customer loyalty program, exclusive promotions, and service freebies.
#4. Equip Winter Tires To Reduce Your Auto Insurance Premium
In Ontario, all insurance providers are required to provide discounts to drivers who use winter tires. Best of all, these discounts apply year-round, so you’ll save money even through the summer and spring, while your winter tires sit in storage.
If you’re thinking of making the switch, your local TIRECRAFT can help. We offer a huge selection of winter tire brands and services, and we can help you gather and submit all necessary paperwork, including:
- Pictures of your winter tires
- Receipts proving that your tires were bought within the last 5 years
- Proof of installation
Book A Free Consultation With Your Local TIRECRAFT
To learn more about how we’re helping drivers lower their auto insurance premiums, get in touch with your local TIRECRAFT today.
References
Foran, P. (2022, May 17). Ontario man’s van has travelled nearly 1M kilometres. Here’s his secret. CTV News.
Gupta, D. (2023, May 11). Auto insurance premiums have jumped by as much as 37% in some Ontario cities. The Toronto Star.
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