Insurance might not be the most exciting part of adulting—but it’s one of the most important. Whether you’re renting your first apartment, driving your own car, or just trying to understand what you’re paying for each month, learning how to actually use your insurance can save you money and stress.
Here are four easy ways to get more out of your coverage:
1. Know What You’re Covered For
Take time to read your policy (yes, really). Understanding your coverage limits means you won’t be surprised if you need to file a claim and you’ll avoid paying for coverage you don’t need.
2. Ask About Discounts
You might be eligible for savings just by having a clean driving record, installing safety features, or bundling your policies (like auto + home). Ask your provider what discounts are available.
3. Rethink Your Deductible
Raising your deductible (the amount you pay out of pocket if something happens) can lower your monthly premium. Just make sure you could afford that cost in an emergency.
4. Compare Before You Commit
Rates change. Companies offer new deals. Use comparison tools to shop around once a year—you might find the same coverage at a better price.
Bonus Tip: If you’re a student, first-time renter, or new driver, don’t be shy about asking questions. Understanding insurance now sets you up for long-term financial confidence.
Take control of your coverage, protect what matters, and make your money go further.
Need a quick comparison tool? You can get started with tools such as rates.ca or ratehub.ca.
Adapted from content originally published by rates.ca.