ARTICLES

Auto Rates Still Slipping in Canada

Like political football, auto insurance can remain in storage for the Oct. 10 Ontario provincial elections. Rates have been relatively stable for months, and they have fallen substantially since the Liberal and Conservative parties last campaigned on promises to reduce premium costs, reports The Star. What is there to argue about? Well, not much. But the future could give surprises along the way. A clutch Canada could not even handle the shifts. "Ontario drivers have saved $4.5 billion since November 2003 from lower premiums as a direct result of changes to the (auto insurance) product," says Jane Voll, an economist with the Insurance Bureau of Canada. "The average premium per vehicle has dropped from $1,499 to $1,260 annually - a reduction of nearly 16 percent." Statistics Canada and the Financial Services Commission of Ontario each take a diverse methodology to calculating the cost of insurance than the IBC. Regardless of the methodology, however, the level of public anguish has sinked. The industry lobby group IBC merely takes total premiums accumulated and divides that by the number of insured autos. The computation discloses how much shoppers are spending. But not how much coverage they are purchasing. Statistics Canada attempts to do...
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10 Steps for Auto Insurance Quotes

Cost of auto insurance is increasing day by day, which is increasing the number of people searching for cheap auto insurance quotes. But truly speaking, the question how to find cheap auto insurance remains unchanged. We will here discuss ten simple steps to find right auto insurance quotes. I. It s true that everyone is asking for cheap car insurance policy, but a cheap car insurance quote turn into a nightmare at the time of filing a claim. Don t divert whole of your mind on auto insurance quotes, always keep an eye on coverage provided by the auto insurance policy you are taking. II. Try to raise your deductible amount. Auto insurance quotes will be directly related to deductible amount. III. Model of car, make of car also matter when you request for auto insurance quote. If you own a sports car and want to get an auto insurance quote, definitely it will attract higher auto insurance rates. IV. Drive carefully. It will be very tough for you to get lower auto insurance quote if you had two accidents and three speeding fines in the last year. Auto insurance companies count all these thing while offering you auto insurance...
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