A Few Quick Tips to Help You Save Some Money on Your Car Insurance

Posted on July 24th, 2015

piggy-bank2-263x3001. More than one vehicle? If you are insuring more than one vehicle you should try to insure them with the same provider. Insurance companies offer discounts for insuring multiple vehicles.

2. Opt in for a higher deductible. Usually the higher your deductible, the lower your premiums will be.

3. Pick the right vehicle. The make, model and features of your vehicle will influence your rates. By choosing a lower risk car you can reduce your premiums.

4. Combine your insurance. Most insurance companies will offer discounts if you group your home and auto insurance together. Discounts are typically between 5% and 10%, so it is worth looking into.

5. Anti-theft devices. Insurance companies will typically discount your policy when you install an anti-theft device, as it lowers the risk of the vehicle being stolen.

6. Driving record. Your insurance is greatly affected by your driving record. Drive cautiously to keep your record clean.

7. Drive less. On average, people drive approximately 1500 to 2000 kilometres per month. If you drive less than that you may be eligible for low mileage discounts. On that same note, if you can avoid driving to work (take the bus, walk, bike, etc.) you can avoid the higher premiums that are charged to drive to and from work. The longer the commute the higher the premiums.

8.  Don’t pay unnecessary charges. If you have an older vehicle that is not worth very much, there is no point in having collision and comprehensive coverage, as the cost can be greater than the benefit.

By looking into these options, and taking the time to do a little bit of extra homework on your policy, you can potentially save hundreds of dollars.

Why Hybrid Vehicles?

Posted on July 15th, 2015

Many manufacturers have produced or are in the process of producing hybrid vehicles. Because of their popularity you can now find them in an array of different models from compact, to pick up trucks, to passenger vans. So why hybrid? Hybrids use less gas than conventional vehicles  because they have an electric motor that stores energy in batteries, which reduces the vehicles reliance on the engine without interfering with the autos performance. This in turn leads to better fuel economy when compared to a comparable, conventional vehicle. It is estimated that hybrids use between thirty and sixty percent less fuel than conventional vehicles.

Since hybrids use less gasoline they are better for the environment, reducing the effects of emissions and helping the ozone. And as an added bonus, hybrids require oil changes less often than conventional vehicles.

Hybrids do cost more upfront, but the money you save on conserved fuel will make up for that over time.

What is a Supplement?

Posted on July 6th, 2015

When a vehicle comes into the shop for a damage assessment, a preliminary estimate is written from what the estimator can see at the time. Once your vehicle comes in for the repairs it will be dismantled to see the full extent of the damage. At this time a supplement may be added to the estimate if additional damage is uncovered.  This should be explained to you in detail when your vehicle is brought in for the initial estimate so there are no surprises. In addition, the collision shop should go through the additional damage with you in detail so you know what is being added to the estimate and why.

Please note that supplements are very common and insurance companies recognize that not all damage can be seen at the first look, so requesting a supplement is standard procedure. Additional damage is not the only reason for a supplement. Sometimes there is a difference in parts pricing, and sometimes insurance is not willing to pay for certain procedures required to adequately repair the vehicle. But rest assured, at Formula First Collision we will repair your vehicle the way it should be repaired in order to keep you and your family safe on the road.