Added January 3, 2017: Filing Decisions for 4th Quarter of 2016.
December 21, 2016: AIRB Circular 01-1990 has been amended. See: Driving at an Unreasonable Rate of Speed Conviction (amended circular). The original circular is also available: Surchargeable Convictions
Ways to Lower Your Premium
Obtain a quote prior to purchasing a vehicle.
Before buying a vehicle, find out how much the vehicle is going to cost to insure. Premiums vary based on the claims experience for the make, model and year of vehicle. "How Cars Measure Up" is a helpful reference.
Increase your deductible.
The higher your physical damage (collision, comprehensive and specified perils) deductibles, the lower the premium.
Insure exposures with one insurance company.
Companies offer multi-vehicle (insuring more than one vehicle) and many offer multi-policy (insuring both automobile and property) discounts.
Reduce physical coverage on older vehicles.
On older vehicles, you may want to consider deleting collision coverage. The cost of insuring some older vehicles for collision could be high relative to the value of the vehicle itself.
Remove windshield coverage.
Coverage for windshield glass can be expensive to purchase; consider limiting this coverage by purchasing a "Comprehensive Cover Limited Glass" endorsement-SEF 13D.
Install anti-theft devices.
Many companies offer a discount for anti-theft devices, and in addition, this will also help to keep claims costs down. "Top 10 Stolen Cars" is a good reference for information on vehicle theft.
Consider cost of monthly pay plan options.
Monthly payment plans are convenient, but there is usually a fee added to the premium for this service.
Take driver training.
Newly licensed drivers who complete a driver training course qualify for a reduction in premium.
Traffic convictions and at-fault accidents result in increased premiums.
The automobile insurance market is a competitive one; therefore, each company is unique in the premiums that they offer.