In the ever-changing landscape of insurance rates, it’s crucial to equip yourself with knowledge and strategies to ease the burden on your wallet. At Northern Insurance Brokers, our goal is to provide some savvy tips to help you navigate the intricacies of insurance and secure significant savings, while ensuring you remain protected.
- Review your Options Wisely
Unlike provinces with a single public insurer, Ontario boasts countless options for companies offering auto insurance. At Northern Insurance Brokers we have access to over ten of Canada’s top insurance markets and will review them all on your behalf; Contact one of our Brokers to find the protection solution that fits your family’s needs and budget.
- Drive Smart: Plans Tailored to your Driving Habits
Explore insurance plans that factor in your driving behaviour, calculating your rate based on your habits. Take advantage of discounts such as Intact’s mydrive®,which monitors your driving habits and offers discounts of up to 30% based on your safe driving performance. We also offer CAA’s MyPace™, which allows you to pay based on how much you drive, lowering rates during months when you aren’t on the road as much. Embrace a personalized strategy using technology to align your insurance expenses with your usage patterns and habits.
- Customize Protection to Fit Your Needs
No two homes are created equal, so why should your insurance protection be just like everyone else’s? Our local Insurance brokers possess in-depth knowledge of the industry and the unique factors of Northern homes, enabling us to assess your unique circumstances and identify potential avenues for rate reduction that fit the unique characteristics of your assets, your risk tolerance, and your specific needs.
- Bundle Up for Maximum Savings
Insurance companies love it when you bundle! Combine your auto policy with your home or tenant’s insurance under one provider to unlock substantial discounts. At Northern Insurance Brokers, we always review your entire portfolio when recommending the protection and insurance company that’s right for you. This not only streamlines your policy, but also puts more money back in your pocket.
- Adjust Your Deductible Strategically
The deductible – that initial amount you pay before your insurance company kicks in – can be a powerful tool for savings. Most companies offer a choice of deductibles starting at $500, and up to $10,000! Opting for a higher deductible can lead to lower monthly premiums, making it an attractive option for drivers and homeowners maintaining a clean claims record. Our experienced brokers can help assess your capacity for risk and recommend a deductible that works for you!
- Winter Tires: An Investment in Safety and Savings
Investing in winter tires isn’t just about safety on the roads; it can also be a financial benefit. Insurers offer discounts to drivers who equip their vehicles with winter tires. It’s a win-win – enhanced safety during inclement weather and reduced insurance costs.
- Unlock Exclusive Savings with Affinity Programs
Explore whether you qualify for discounts through affinity programs through local organizations, associations, non-profits, or clubs. Being part of such groups may entitle you to exclusive savings, so be sure to investigate this often-overlooked avenue. Northern Insurance Brokers offers affinity programs for United Steel Workers (USW Local 2251), Steelworkers Organization of Active Retirees (SOAR), Sault Ste. Marie Construction Association (SSMCA), and Search and Rescue Volunteer Associations of Canada (SARVAC).
Contact us to see if you qualify for additional discounts.
Navigate the insurance landscape with NIB – from tailored plans for young drivers to winter tires and personalized protection, these tips go beyond the surface, helping you unlock substantial savings.
In conclusion, the key to mitigating the impact of rising insurance rates lies in proactive and informed decision-making. By contacting Northern Insurance Brokers to help you understand the nuances of the insurance market and tailor your protection to your specific needs, you can navigate the complexities with confidence and emerge with substantial savings. Drive smart, stay informed, and let your insurance work for you.