Insurance Broker Interview Checklist

Following are some key questions to ask your insurance provider BEFORE you purchase your automobile insurance.

What coverages does the law require me to purchase?
Can you give me an example of a loss that would be paid under each coverage?
I understand there are optional coverage selections of Specified Perils, Comprehensive, Collision, and All Perils. What would each one cover, and which should I consider?
Is it possible to buy "new for old" coverage on my vehicle and, if not, why not?
Should I purchase coverage for a rental car if my car is out of use because of an insurance loss?
Is there also coverage available to protect such a rental car from damage to it that might be my responsibility?
As my insurance professional advisor, what coverages and limits would you recommend that I carry?

The preceding questions are intended as a guideline only, and are not meant to be exhaustive.

Insurance Shopping Checklist

Car Insurance Prices can vary widely from one auto insurance company to another. It can become very frustrating when you're trying to find a reliable company that offers the best coverage for the lowest price.

Comparison Shop!

Competitive quotes can be obtained by phone or on the internet in a matter of minutes. various insurance companies will provide you with vastly different quotes for seemingly the same insurance.

Ask For Higher Deductibles!

Car insurance deductibles represent the amount of money you pay before you make a claim. By requesting higher deductibles on collision and comprehensive (fire and theft) coverage, you can lower your car insurance costs substantially.

Drop Collision and/or Comprehensive Coverages on Older Cars!

It may not be cost-effective to have collision or comprehensive coverage on older cars. Should you wreck an older car, the car insurance company will most likely declare the vehicle a "Total Loss" and pay you for the value of the car in an amount that is far less than the actual repairs would have cost. So, save yourself some money right up-front by carrying liability coverage only!

Eliminate Duplicate Medical Coverages!

If you have adequate health insurance, you may be paying for duplicate medical coverage in your car insurance policy.

Buy a "Low Profile" Car!

Before you buy a new or used car, check into insurance costs. Cars that are expensive to repair, or that are favorite targets for thieves, have much higher insurance costs.

Consider Area Insurance Costs if You are Making a Move!

Costs tend to be lowest in rural communities and highest in center cities where there is more traffic congestion.

Take Advantage of Low Mileage Discounts!

Some companies offer discounts to motorists who drive fewer than a predetermined number of kilometres a year. Ask your insurance carrier for this discount if it applies.