These are tough times and if you are looking to reduce your monthly expenses, you can start by finding ways to lower the premiums of your car insurance. In Nova Scotia, drivers can apply many different solutions that can save them a pretty penny.

The best way to reduce car insurance in Nova Scotia is by contacting your insurance broker. Your agent can review your policy and suggest several actions you can take to reduce your car insurance payments – regardless if you pay monthly, quarterly, bi-annual or yearly. Some of these suggestions may include changes, such as:

1. A revision of your deductible – When your insurance company has to pay out a sum of money due to damages to your car, there is always an amount you have to contribute. That is your deductible.  You determine the deductible. The lower the amount you choose, the more your car insurance will charge. Consequently, if you select a higher deductible, your car insurance in Nova Scotia will be reduced.

2. Switch cars – Insurance rates are not the same for all cars. Some car types, like sports cars, will have higher rates. They are prime theft candidates and to replace them will cost the insurance company a lot more than if a Nissan Cube was stolen or vandalized. So, if you drive a big SUV, you may want to consider replacing it with a more modest vehicle.

3 Driving record – Drive carefully and avoid accident. The fewer traffic violations and speeding fines you have, the less of a risk factor you become to your insurance company. Safe drivers often receive discounts!

4.  Anti theft devices – Installing anti theft devices in your car or pickup truck will boost your risk profile and can lower your insurance. Check with your Nova Scotia insurance broker which products they recommend.

All these small changes may make a big difference. Remember that next time you have to renew your car insurance in Nova Scotia.