Car Insurance in Truro

Our second tip is to choose an annual instalment plan instead of the more common monthly instalment plan. Many insurance companies will offer you both, and while monthly payments can be tempting, we strongly recommend you pay for it annually instead. Some insurers may charge policyholders an administrative fee for each payment, meaning you would pay 12 fees with a monthly instalment but only one fee annually. Thus, you will likely save money in the fees alone by paying for your policy in one annual instalment instead of monthly.

Tip number four to help you to save on Truro car insurance is putting winter tires on your vehicle. While they are not required in Nova Scotia, they can help you keep your claims history clear. Winter tires are more effective at braking on slippery roads, which helps to prevent rear-end collisions. They also have improved traction in snowy and icy conditions and just overall handle winter road conditions more effectively than all-season tires, meaning you are less likely to be involved in a collision. At-fault collisions often lead to filing insurance claims, which can result in higher auto insurance premiums. Moreover, some insurance companies may offer a 5% discount for drivers who install winter tires.

Owning a hybrid or electric vehicle (EV) can also be a way to save money on your insurance. Many insurance providers across Canada offer incentivized discounts to hybrid or electric vehicle owners to help them to go green. Owning one could save you up to 10% on your insurance policy.

Lastly, our final money-saving tip is specifically for young drivers or drivers who are out of practice. We recommend you consider enrolling in a recognized Nova Scotia driving school. There are a few approved driving schools in Truro that will teach you road rules and defensive driving fundamentals. Plus, driving schools typically include a set number of hours for driving lessons. This gives you the ability to practice your driving with someone other than a friend or family member. By graduating from an approved driving course, insurance companies feel you are a safer, more responsible driver, thus decreasing your odds of getting into an accident. Because of this, your insurer may give you a driving school discount on your insurance policy.