How can I lower my auto insurance bill during COVID-19 lockdown?
The Insurance Bureau’s grand general statement, and the imprecise media reporting that followed, contributed to confusion among Canadian drivers. Yes, $600-million is a whole lot of money, but it has to be divided among more than 20 million personal use vehicles registered in Canada, for a rough average of $30 per vehicle. And bear in mind that the promised savings on premiums is based on the predicted one- to three-month duration of physical distancing and home confinement—for the remaining nine
Original Article Source Credits: MoneySense , https://www.moneysense.ca/
Article Written By: GEORGE INY
Original Article Posted on: APRIL 30, 2020
Link to Original Article: https://www.moneysense.ca/columns/reducing-auto-insurance-premiums-during-covid-19/