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Connect With HL Hamilton

We’re proud to announce some exciting new online tools and features that our customers and everyone else can take advantage of. Our team at HL Hamilton is committed to helping our clients get the greatest possible value out of their insurance. A huge part of living up to that commitment is helping people better understand their insurance policies and the many benefits available to them. If getting to know your insurance better is something that matters to you, then read on!

1. myHLHamilton

This brand new app and web portal allows you to instantly access all of your policy information, speak to your agent, and even pull up your pink slips. Not only will it allow you be able to pull up your policy anytime, anywhere, it’s the fastest way to receive updates and information straight from your agent that is relevant to you! It’s available today to download on your iPhone and Android, or you can access it through your browser. To set up your myHLHamilton account, call your agent today!

2. Connect With Your Insurance

Our social media accounts are now live, and we’re thrilled to start using them to connect with our customers and others. Make sure you follow our Twitter and pages so you can keep up with what’s happening in your community, learn useful tips to save money, and of course, connect with your insurance company.

Insurance Misconceptions and Myths

Like so many other topics these days, there is an awful lot of misinformation floating around about insurance. Well, your team is here to set the record straight. Below are five of the most popular myths and misconceptions we’ve heard:

  1. “If I’m not constantly driving below the speed limit, the insurance company will use those driving habit trackers to justify raising my rates.”

    This one is false. Your insurance company can not apply any surcharge or raise the rate of your policy based on the information they gather through their Usage-Based Automotive Insurance program. They can use the information they collect to discover cases of insurance fraud though, so be honest when you sign up for your policy. That said, the savings that come from these programs, as well as the incentive to drive safer, can make them worth considering at the very least.

  2. “I don’t want to get a red car because I don’t want to pay more money.”

    Again, false. Insurance companies use the year, make and model of your car, along with many other factors to determine the price of your policy. The colour of your car, is not one of them. While we’re on the topic of esthetics, having a two-door car as opposed to a four-door car will not affect your rate either.

  3. “What is the monthly rate for this quote?”

    This one isn’t a straight-up falsehood as much as it is a misconception. While there are some exceptions, most insurance policies are annual contacts, which means, the price you pay is based on the price of that contract. True, most insurers do provide the option to pay for your quote through monthly payments, they are by no means obligated to.

  4. “My friend was driving my car when I got into that accident, so my rate shouldn’t be affected.”

    False.If it’s your car, it’s your insurance policy. Whether you’re the one behind the wheel, or it’s your mother, your friend, your cousin, some guy you picked up off the street, your policy is the one that covers your vehicle if an accident occurs. It’s extremely important that you take some time to consider this, before you lend out your car to someone else.

  5. “If my car is stolen, my insurance will cover it.”

    This one again does not have a straight answer. If you purchased comprehensive coverage, then you would be correct in saying this. Comprehensive coverage is optional, but it can save you a lot of money in the long-run. Without it, damages not caused by a collision – such as theft, fire, vandalism, hail, etc. – will not typically be covered by your policy.

5 Things You Can Do Right Now to Save On Auto Insurance

Here’s a quick hypothetical for you: you’re given two quotes for two completely identical auto insurance policies. Quote 1 is $2000 annually and Quote 2 is $1800 annually. I’m going to go out on a limb and say it’s safe to say you’re going to choose Quote 2. But what if you could bring the price of both quotes down another couple hundred dollars? You’re still probably going to pick quote 2, but now you’ve saved even more money than before.

The point here, is that it’s safe to assume that all of us want to save money on our auto insurance. So while shopping around for insurance might help you find another quote, Here are things you can do right now to save yourself some money:

  1. Plan before you shopTaking a few moments to plan ahead is probably the best money saving tip on this list, so keep this one in mind as you read, because the other tips here often refer back to this one.

    If you already have auto insurance, time your shopping appropriately. If you try switching in the middle of your contract, you’ll likely find yourself paying a chunk of cash to opt out of it. Don’t let yourself put it off either – all policies include an auto-renew feature that make it easy to miss out on your golden opportunity to switch policies. Set a solid date (we recommend between 30-40 days before your existing insurance ends/renews) to start looking for quotes.

    Make sure you have accurate information and know what you need as well. Can you handle a large deductible, or will you need something a little lower? How much liability coverage do you need? Not only will this help you make informed decisions about your policy, it will also save you a good amount of time.

  2. Usage-Based InsuranceSome insurance companies provide the option to track your driving habits for a set period of time through an app on your cell phone. The results may save you money when you renew your policy, but usually there will be a discount applied just for opting in. The best part of this is that there aren’t really any risks and the savings potential can be substantial. The results of your driving habits cannot count against you as a surcharge or be used to raise your premium and the better you drive the more money you save.
  3. Choose your vehicle wiselyShopping for a new or used vehicle? The choice you make here can either cost or save you a lot of money over the next few years. Whether you decide to get a vehicle that’s fresh off the lot, or you’re more interested in a used car, make sure you do your research. If you’re buying a new car, look up its IIHS safety ratings. If you’re looking at a used vehicle, the Insurance Bureau of Canada website can provide plenty of information that will help give you an idea of how much a particular model might cost you relative to other models.
  4. 1-time annual payJust about all auto insurance policies are annual contracts that the insurance company provides the option to pay down monthly. As a result, some companies will provide a discount if you pay for your annual policy up front. When you’re shopping around, make sure you ask if this is an option. Again, if you plan everything ahead of time and give yourself the opportunity to save enough money before it comes time to buy insurance, this is a quick and easy way to bring those annual costs down.
  5. Buy Winter Tires

    Most, if not all, Insurance providers in Ontario offer incentives to use winter tires. Not only will winter tires get you an extra discount on your policy, you’ll be greatly reducing the risk of causing an accident during our region’s unpredictable winters. None of the discounts you can get on your insurance premiums will come close to the amount of money you’ll save by not being in an accident.