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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Auto Insurance Online Quote

Looking for auto insurance online can save you time and money. By going to an insurance comparison website to look for auto insurance, you can get quick quotes from multiple A-rated companies, which you can compare to be sure you're getting the best rate. Getting Started When you go to the insurance comparison website, you complete a short form with personal information, such as your name, address, and age. You also enter information about your vehicles and driving habits, including: * The year, make, and model, of your car. * You car's VIN number. * Safety features in your car, such as airbags and a theft prevention device. * The number of miles you drive each year. * Any tickets or accidents you've had. Getting the Best Rate You'll also need to decide what coverage amounts and deductibles you want. Changing your amounts and deductibles can change your rate quite a bit. Note that the best insurance comparison websites let talk with insurance professionals through an online chat service, so ask if you have any questions as you complete the form. (See link below). Keep these tips in mind as you set your coverage amounts and deductibles: * Most states...
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