Review Your Insurance Before You Renew

By Myrna Burgoyne

In the three decades plus since the internet has been evolving into being our daily helper, we’ve become accustomed to its speed, its convenience, and its instant access to information in all facets of our daily lives.

There’s surveillance video of your home from anywhere in the world, the ability to order your groceries online, and choosing clothing, furniture and decor for door-to-door delivery in just a few days with a few simple clicks. Turns out there really is “an app for that.”

Convenient? Yes. Money-saving? Not always.

 

The easy way is not always the best way

Consider your automatic car insurance renewal. Most insurance companies will roll over your coverage every year and you won’t even have to think about it. It is most certainly convenient.

But are you leaving some of your hard-earned money on the table?

 

When your insurance requirements change

CAA Insurance1 points out that though automatic car insurance renewal takes no effort, it does not take into account any changes in your driving habits, at-home and at-work circumstances, or how you might find ways to pay less. Sometimes a lot less.

That’s why CAA offers complimentary renewal reminders, aimed at helping members and insurance clients update their policies to accurately reflect their current driving habits and lifestyles.

Why not take that pink insurance slip out of your wallet or glove box right now and make a point to review it with a licensed CAA Insurance Agent?

There are numerous ways their expertise can save you money.

 

What has changed since your last review?

You may have begun to work from home. Or maybe you are switching from your home office back to the corporate space, even part time. Or your driving for the year could be considerably less because you’re walking or biking more. Your policy should reflect these types of changes.

 

Know where to look for savings

If you are driving less than 12,000 kilometres a year, or you do most of your driving on weekends, you could benefit by switching to CAA MyPaceä. It’s Canada’s only pay-as-you-go auto insurance payment program specifically for people who drive less – it could be all you need.

If your needs ever change again, it’s a simple matter of switching from CAA MyPace back to traditional CAA Insurance with no fees or penalties.

 

More (easy) ways to save

There are other savings to be had in insurance when you have guidance for where to look. Customers who bundle their policies with CAA get 10% off auto insurance, up to 12.5% off home insurance, plus complimentary CAA Tire Coverage.

You’ll also save if you have winter tires installed on your vehicles2. Insurance companies often offer a discount for that simple practice and it’s just a matter of being aware of it. Those savings should be in your pocket.

 

The benefits of belonging

Did you know that with a $30 per year CAA Everyday Membership, you can save on your insurance premiums?3 Your CAA membership can also translate into savings when you’re dining out, shopping in person or online, and travelling.

Imagine having access to more than 124,000 CAA Rewards® partner locations across North America, and the myriad savings that could accumulate for you!

 

Your next steps

Now that you’re armed with information about how your policy might be costing you more because it’s outdated, now’s the perfect time to review your coverage with a licensed CAA Insurance Agent. Call 1-888-308-4701 or get an online quote today.

 

Legal note:

  1. Auto and Property Insurance and CAA Tire Coverage are underwritten by CAA Insurance Company.

Vehicle compatibility and enrolment in CAA MyPace payment program is subject to terms and conditions.

  1. Underwriting rules apply. Rating applied to vehicles with four (4) winter tires that meet the winter tire designation. Installation no later than November 20 and removed no earlier than April 15.

      3. To qualify for the discount you must be a current CAA Member in good standing (CAA Membership dues paid in full by membership expiry date). Everyday Members maximum savings on auto insurance is 5%.

CAA trademarks are owned by, and use is authorized by, the Canadian Automobile Association.

Certain conditions, exclusions, and underwriting eligibility rules apply.

This Content is made possible by our Sponsor; it is not written by and does not reflect the views of the editorial staff

 

 

 

 

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