Left Navigation Cost Control There are many ways you can control insurance costs and lower your premium. Shop around and ask your insurance representative for more information about the options below and other savings opportunities. Home InsuranceAdopt and practice risk management strategies for your home.Consider whether you really need optional coverage in addition to your standard home insurance policy.If you are looking to save money and carry the financial risk of some losses yourself, you may consider a basic or named perils policy for your home or recreational property.Take action before the worst happens. Learn how to avoid freezing pipes. Auto InsuranceBuild a collision-free and conviction-free driving record.Adjust how you use your car by taking public transit to work if it is available.Exclude high-risk drivers from your policy so that if you are a good driver, you are not penalized with a higher premium.Ensure that an accurate VIN is on record with your insurer for your vehicle. Drop collision coverage on an older car.Install an immobilizer – an approved theft deterrent system – in your vehicle.Consider a telematics device. Also known as usage-based insurance (UBI) or pay-as-you-drive, this is a new way to administer insurance and calculate premiums. Buy a car with a lower-cost insurance rating – understand How Cars Measure Up. Avoid buying a flood-damaged vehicle. IBC’s VIN Verify Service can help.Business InsuranceAdopt and practise risk management strategies for your business.Control the potential for fraud. Learn about small businesses and the complex world of fraud.Reduce your risk if you run a business that relies on cargo shipments. Learn how you can clamp down on cargo theft.All Types of Property and Casualty InsuranceRequest a bundled deal for insuring your car(s) and home, or multiple lines of business risk with the same insurance company.Increase your deductible by taking on a greater share of the cost of a claim. What insurers want to know (Ontario)To determine the price of your car insurance, insurers want to know the following information...Understanding InsuranceLife is a risky business. Sometimes those risks hit home – a car collision… your basement suffering water damage… your business interrupted by vandalism. At times like these, insurance is there to help us recover, get us back on our feet and provide peace of mind. Related ServicesBuying TipsInsurance is a significant investment. Before you purchase coverage, getting answers to key questions can help you make informed decisions. Useful LinksAuto InsuranceRequired by law across Canada, auto insurance covers the owner/driver, passengers, pedestrians and property affected by a vehicle collision.Buying Home InsuranceAs a homeowner, you need to insure your house for replacement costs so that in the event of serious damage or destruction you have adequate coverage. Be sure to keep your home insurance current by reporting material changes or upgrades.Business Insurance CoverageInsurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.