Car insurance rates keep changing every year. In the last few years, premiums have increased, and the auto industry rates are likely to rise even higher this year. It has become more difficult for an average car owner to find affordable car insurance that gives them much-needed coverage. While car premiums may sometimes feel like a loss, they come in handy in the event of an accident. It can protect you from heavy financial loss in case of an accident. It is also a requirement by the law to have car insurance. In Ontario, you can be fined up to $5,000 and have your license suspended for driving without insurance. But, you have a hand on how much you spend. Here are a few hacks you can use to save some bucks on your car insurance costs: 

Compare Rates

Comparing auto insurance rates is essential to ensure you get the cheapest rates. To evaluate your coverage plans in your area, you can use sites like compare.com. This gives you the room to review both small and big companies in the industry to ensure you get the best deals. Several things are affecting your insurance rates, and some are constantly changing. Therefore, be keen to make comparisons and ensure you are saving some money continuously.

Bundle Policies

Combining some insurance policies, for instance, bundling renters insurance or homeowners with an auto policy, can lead to massive discounts on your policy. While the savings vary, combining your home and auto insurance could save you between 6% and 26%. 

Look Out for Discounts

Your auto insurance deductions can come in the form of many discounts. Check out the discounts available, from multi-vehicle discounts to affinity discounts that serve employees working for the government, for instance, the military, to safe drivers' discounts.

You can opt for discounts from reputable insurance brokers or independent insurance agents who sell insurance from different companies instead of captive insurance agents who work for one company. Find a reputable insurance broker near you. For example, if you are in Ontario, find a broker who can deliver quality coverage at affordable rates. It is one of the best ways of getting the lowest car insurance rates in Ontario. A reputable broker will give you choices and a wide range of auto and car discounts. They can also help in making an informed decision.

Improve your Driving Habits

You will likely pay more for coverage the more accidents and violations you cause. Some insurance companies use telematic devices in your car to measure and monitor how and when you drive; from that data, a rate is drawn for you. Keep a clean driving record and reap big from it. Watch those rates drop by maintaining that spotless driving record.

Take up a Defensive Driving Class

A discount is provided to drivers who complete an approved defensive driving training course. Completing a recognized driver's education course requires you to reassure your insurance company that you are a low-risk and safe driver. The more traffic violations on your driving records, the higher you are likely to pay your insurance rates. Not only does that save you money on your insurance premiums, but it also helps you save a life.

Final remarks

Car insurance can be an expensive burden, especially in such a tough economic time. The good thing is that you can ultimately lower your premiums. Use the car insurance hacks to help you save significantly on your auto insurance expenses.