I Just Saved a Bunch on My Car Insurance
Posted by Stephen on
September 27, 2006
It’s true! And nope, I didn’t need GEICO or Progressive! Well, even if I wanted to use them, I couldn’t because they don’t serve the Canadian Market.
I went down to renew my insurance today, but instead of heading down to the regular insurance place, I went down to BCAA. BCAA sells all sorts of insurance. I already get my house and my travel insurance from them, and I heard their extended auto was dirty cheap as well. I really wasn’t expecting much of a discount. I figure, if I saved $50 bucks, I’d be laughing.
I give them my Canadian Direct insurance quote, and they punch in my info. They came back with a quote that was over $200 less than my other quote. Since I no longer drive to work (I get up and walk into my office) I qualified for “Pleasure Use” driver premiums, so I got an additional discount on my Basic and my Extended. So together, I ended up saving over $300 for my insurance renewal. The insurance is underwritten by ING Direct. Pleasure use is defined as driving less than six days of the month for work, just FYI.
I paid for the whole year up front on my VISA which gives me 1% cash back. So I actually ended up saving MORE THAN $300. Gotta love that!
So folks, it looks like the new King of extended Auto Insurance is BCAA. At least in my case. Unfortunately, if you’re a bad driver, there’s nothing anyone can do. Take transit maybe?
Well Done! Everyone should review their policies before renewal and compare with other car insurance companies. It’s so easy to do today (especially with the internet) and like you they could end up with nice savings (I am sure you can think of better things to do with $300). Walking to work is also a great option has you have discovered and you also get some exercise at the same time. Thanks for the great tips.