Even more insurance products for Owen Sound residents
At BrokerLink, we offer more than just auto, home, business, and cottage insurance. We help residents all over Ontario find pet insurance, boat insurance, life insurance, and more. Our experts in Owen Sound can assist with personal insurance, motorcycle insurance, and other coverage needs. Here is a summary of some of our insurance services in Owen Sound:
- Personal Insurance
- Boat Insurance
- Condo Insurance
- Tenant and Renters Insurance
- Life Insurance
- Landlord Insurance
- Musical Instrument Insurance
- Wine Cellar Insurance
- Umbrella Liability Insurance
- Equine Insurance
- Pet Insurance
- Group Insurance
- Associations
- Employee Benefits
- Farm Insurance
- Cyber Insurance
- Identify Theft Insurance
- Storage Unit Insurance
- Tractor Insurance
- Travel and Trip Cancellation Insurance
- Trailer and RV Insurance
- Motorcycle Insurance
- ATV and Snowmobile Insurance
Find affordable insurance with help from an Owen Sound insurance broker
Whether you need commercial insurance, condo insurance or life insurance in Owen Sound, the goal is always to save money on insurance. No matter your budget, everyone wants to avoid overspending on insurance, and that’s what BrokerLink is here to help you do. Below, we’ve listed our top tips to help you keep insurance costs low. By following this advice, you can enjoy lower premiums and keep more money in your pocket:
Take advantage of Owen Sound insurance brokers
A great way to save money on Owen Sound insurance is to get help from a local insurance broker. The brokers at BrokerLink are licensed and have years of experience. They can give you insights into how insurance works and specific tips to save money. If you buy insurance through a broker, they can also help you get quotes and compare them to find the best rate for your Owen Sound coverage.
Bundle insurance policies
Bundling insurance policies is one of the easiest ways to save money on insurance. To qualify for a bundle discount, you just need to buy two or more insurance products from the same provider at the same time. They don’t have to be the same type of insurance, so you could insure your car and home together or even two cars in your household. The options are endless. A BrokerLink broker can explain how bundling works and tell you which insurance companies offer bundles.
Raise your policy deductible amount
The deductibles you choose for your Owen Sound insurance policy will greatly affect your rates, so it’s important to choose carefully. Look at your finances to decide the highest deductible you can comfortably afford. Selecting a higher deductible can lower your premium. A BrokerLink insurance advisor can explain how deductibles impact premiums and estimate the cost of your policy based on different deductibles.
Choose an annual payment schedule
You should also thoroughly consider your payment plan. Insurance companies usually offer monthly and yearly payment options. A yearly plan means paying the entire premium upfront, while a monthly plan spreads the payments over the year. Although monthly payments might seem easier, some insurance companies charge extra fees for this option. Ask about any additional fees, such as transaction or administrative charges, associated with monthly payments. If a monthly plan costs more in the long run, a yearly payment plan might be a better choice.
Only purchase the coverage you need
When buying an insurance policy, it can be tempting to get as much coverage as possible. While this might give you peace of mind, it can also lead to overspending. Instead, we suggest getting only the coverage that fits your needs. For instance, if you’re buying homeowner’s insurance and have a lot of expensive items, high-value home insurance is best for you. On the other hand, if you’re buying car insurance for an old, beat-up vehicle, collision or comprehensive coverage might not be necessary due to its low value.
Review your coverage annually
Instead of automatically renewing your policy, take a moment to review your coverage and see if it still fits your lifestyle. We recommend checking your insurance coverage regularly to ensure you have enough protection without unnecessary extras. Removing unnecessary coverage or adjusting limits can help lower your premiums. If you’re unsure how to do this, contact your local insurance broker for help.
Don’t let your insurance lapse
Maintaining a consistent insurance history with no gaps shows responsibility and can lower your premiums. Avoid letting your coverage lapse, even if you switch providers. For instance, if you’re not driving for a few months, consider keeping some level of auto insurance, like a non-owned liability endorsement, so you can drive other people’s cars and keep your insurance history intact.
Consider all of the factors before buying a new home
Many factors affect how much you pay for insurance. Some are within your control, and some aren’t. For home insurance, the home you choose to buy plays a big role. Knowing how the features of a home can impact your insurance rates is important if you want to pay less. Generally, older homes cost more to insure, especially if they have an old roof or outdated plumbing, heating, or electrical systems. Homes with pools or trampolines also have higher insurance rates due to increased liability risks. A BrokerLink insurance advisor can give you more details on this topic.
Install security systems in your home, car, or workplace
Insurance companies may offer discounts on home, car, and business insurance to policyholders who install security systems. A monitored security system can reduce the chances of incidents at your home, car, or workplace. Monitored burglar alarms are common in homes and workplaces, while anti-theft devices are often installed in cars. To learn more about protecting your home and how it can affect your rates, contact BrokerLink. Our advisors can also provide tips to keep your property safe while you’re away.
Drive hybrid or electric vehicles
Insurance providers often offer lower premiums for hybrid or electric vehicles because they have lower risk profiles and environmental benefits. Sometimes, these discounts are part of a green incentive program. Plus, insurance companies know that owners of these cars are usually more careful and eco-friendly, which lowers the risk even more. This helps promote green practices and encourages more people to choose eco-friendly cars.
Ask about available discounts
Finally, asking about discounts is yet another good way to save on insurance. Many insurance companies offer different discounts that you might not know about. These can include discounts for having multiple auto insurance policies, installing security systems, having a good driving record, using winter tires, or being a member of certain groups. When you talk to your BrokerLink insurance advisor, ask about all the discounts you might qualify for. This can lower your premiums and help you get the best deal. If you’re not sure what discounts are available, BrokerLink can give you more information and help you save money.
How you can purchase insurance from an Owen Sound insurance broker
Need help getting insurance from a broker? We’re happy to provide a simple step-by-step guide. Whether you’re new to using a broker or just need a refresher, this guide will help. Working with a broker is easy and can save you money. Check out this three-step process for buying insurance from a BrokerLink-licensed advisor:
Contact a licensed insurance broker at BrokerLink
This step is the easiest. Simply connect with a local insurance broker by phone, email, or in person at a local branch. With over 2,000 branches across Canada, BrokerLink likely has an office near you to start the process.
Let your insurance broker shop around for you
Getting quality insurance is easy when you let your advisor shop for you. You and your broker will have a detailed conversation about what kind of insurance you need and your specific requirements. You can explain your ideal coverage and any special needs. Then, relax while your advisor does the work and finds the best policies for you.
Choose a policy and get protected
Once your broker finds some good policy options, they will show them to you. Ask any questions and get a professional opinion to make sure you understand the details of each policy. Then, you can make a decision. Your broker can help you choose the best option so you don’t feel overwhelmed. Once you decide, you’re covered. It’s that simple.
Why work with an Owen Sound BrokerLink insurance broker
We understand that finding insurance in Owen Sound can be confusing, as there are so many options and policies to choose from. Thankfully, BrokerLink makes the process easy for you with our excellent customer service, insurance expertise, and vast resources. Here are three benefits of working with a BrokerLink insurance advisor:
We are independent
Insurance brokers don’t work for insurance companies, so we focus on your needs. At BrokerLink, we learn about what you need and give you honest advice on the best coverage for your home.
We do the work for you
If you don’t want to look for home insurance after a long day, BrokerLink can help. A BrokerLink advisor will contact top insurance companies in Owen Sound, get quotes based on your needs, compare them, and find your savings. We then present you with the best options that fit your budget.
We are experts
Since 1991, the BrokerLink team has been dedicated to finding insurance policies that meet the needs and budgets of our customers. We are experts in all things insurance and can ensure you receive the most competitive rate on your policy.
We’re in your community
Getting involved in the community is a big part of who we are. We live and work in your community. We love meeting our neighbours!
Contact us
At BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.
You can reach us by phone, email, or in person at any one of our locations throughout Canada. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.
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FAQs for insurance broker in Owen Sound
What insurance do I need in Owen Sound?
The insurance you need in Owen Sound depends on your situation. Car insurance is required by law if you drive. Home insurance isn’t legally required, but you might need it if you have a mortgage or rent your home. Beyond legal requirements, you can choose what types of coverage to add to your policy. This can be tricky with so many options available. It’s best to assess your needs and budget carefully or ask a licensed insurance professional for advice on which insurance products are best for you.
Is it safe to buy Owen Sound insurance online?
Yes, buying Owen Sound insurance online is safe and popular. It’s convenient because you can get coverage without leaving your home. If you prefer to talk to someone, you can call or visit your local insurance office.
What types of insurance are available through an Owen Sound insurance broker?
Some insurance brokers focus on one type of insurance, like life insurance, while others cover multiple types, like car, home, and business insurance. When shopping for insurance in Owen Sound, look for a full-service brokerage. They usually have experts who can help you with various insurance needs, including auto, home, commercial, tenant, condo, motorcycle, boat, life, and more.
How can I find an insurance broker in Owen Sound?
Search online or ask your friends and family what insurance broker they work with. You can also reach out to any Owen Sound insurance broker by phone, email, or by visiting the nearest branch. Many insurance brokerages also have contact pages on their websites.
What is the difference between an insurance agent and a broker?
An insurance agent works for one specific insurance company. They sell only that company’s policies and can only offer what their company provides. On the other hand, a broker works independently and isn’t tied to any one insurance company. This means brokers can offer policies from many different companies, helping you find the best option for your needs.
What is the difference between an insurance company and a broker?
An insurance company is a business that creates and sells insurance policies. They set the terms, prices, and coverage options. A broker doesn’t create or sell their own policies. Instead, a broker helps you find the best policy from different insurance companies. They act as a middleman, comparing options and advising you on the best choice for your situation.
What is the difference between an insurance advisor and a broker?
An insurance advisor advises on what type of insurance you might need and helps you understand the different options available. An insurance agent typically only works with one insurance company that they represent. An insurance broker also gives advice, but they focus on finding and comparing policies from many different insurance companies that they represent, which allows them to find the best deal and coverage for you. Sometimes, the terms insurance advisor and insurance broker are used interchangeably.
Do insurance brokers do claims?
Insurance brokers don’t handle the claims process themselves. However, brokers can help you with the process. They can explain how to file a claim, help you gather the necessary information, and connect you with the right people at the insurance company. This support can make the claims process easier and less stressful for you.
How do I renew an insurance policy in Owen Sound?
To renew your policy, contact your broker or agent. You might be able to renew online by logging into your insurance provider’s website. Sometimes, your policy renews automatically, which can be convenient. Just make sure to review it first to make any needed changes.
Is car insurance mandatory in Owen Sound?
Yes, Owen Sound car insurance is mandatory, no matter what type of car you drive or where you live in Canada. In Owen Sound, you must have a policy that meets Ontario’s minimum coverage requirements. There are three types of mandatory coverage in Ontario: third-party liability, uninsured automobile, and accident benefits. If you lease or finance your car, you might also need comprehensive and collision coverage. Driving without insurance is illegal and can lead to fines up to $50,000, suspension of your licence, and impounding of your car.
What insurance discounts are available in Owen Sound?
Insurance discounts vary by company, and not all companies offer the same discounts. You might need to research which insurers in Owen Sound have discounts that suit you. There are many discounts available, some for any type of insurance and others specific to certain types. For example, a loyalty discount could be applied to any insurance policy, whereas a winter tire discount is strictly for car insurance.
How can I get a free insurance quote in Owen Sound?
Getting a free insurance quote in Owen Sound is easy as most insurance companies offer free quotes. Just contact your local insurance company or broker, tell them you want a free quote, and answer their questions.
If you have any questions, contact one of our local branches.
