How to reduce your premium
by CleverCanadian on Mar 15, 2017
4 out of 5 stars
I have been with TD for almost 2 years. Never made any claims and now they are increasing my premium for no reason. No tickets anything. Upon talking to Customer Service, they told me, sir, we can't lower down than $2600, even with Sheridan College alumi discount. I now have insurance with Cheaftain insurance close to $2040.
I live in Ottawa, Ontario and I've been with TD Meloche Monex / Security National Insurance Company for about 3 years now. My car suffered quite a bit of hail damage during a storm a few years ago and when I went to claim it, the process was quite straight-forward and no strings attached. The insurance company wrote off the car and refused to insure it without having significant superficial repairs done to the body work. This seems quite silly and wasteful to me, especially considering it's my premiums that pay for insurance pay-outs, to write-off a car because of superficial damage, but they weren't the only insurance company to tell me this. On the plus side, the adjuster gave me a great value for the car.
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They increased my insurance on renewal for my motorcycle, without any accidents or tickets, I called them and they connected me with loyalty dept which said they could not do anything.
I pulled a trick on my sleeve and that reduced my rates by over 700 a year. I went online on their website and pretended as if I am a new customer to get a quote and my motorcycle rate went down by $400 from my renewal rate. I called them again and told them what the crap is going on. They reduced my rates for motorcycle by 450, I asked them to review my car and home as well and saved additional 200 on car and 25 dollars on home.
Hope you can use this trick as well. lol