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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Cheap Auto Insurance Quote And How To Get One

Looking to get a cheap car insurance price quote? Here's how to do it ... Car Insurance Price Quotes There are a number of ways to get car insurance price quotes: You can spend half a day calling local insurance agencies. You can spend hours on the Internet getting quotes from single-company websites. Or you can spend a few minutes at an insurance comparison website where you can get quotes from a number of different companies in one place. The benefits of using a comparison site are: * You only need to fill out one form to get quotes from multiple insurance companies. * Most comparison sites only give you quotes from A-rated companies so you know the company you choose will be reliable * Some sites have an insurance expert on hand so you can get answers to your questions (see link below.) * It only takes a few minutes and it's absolutely free. Lowering Your Car Insurance Price In addition to comparing rates to save money on your car insurance, you can lower your insurance rate even further by doing the following: Raise your deductible - Raising your deductible from $250 to $500 or $1,000 can save you...
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