Car insurance renewal time - It's probably everyone's least favorite time of the year. Now,
if you're lucky enough not to have an increase in your policy, congratulations!
But, if your one of the thousands of car insurance policy holders who received
an increase in your policy this year, this money saving article on car
insurance is for you.
Car
Insurance rates are on the rise:
For the second
quarter in a row, the average lowest
auto insurance quote has been higher than
in the same 3-month period a year earlier. Near the end of each fiscal quarter
kanetix.ca,
an online insurance marketplace, looks at some of the data obtained from people
shopping for car insurance. This particular study looked at the lowest premiums
quoted during the months of October, November and December and calculated an
average, which they then compared to the same time period for the year earlier.
The study indicated
a 5.3% increase year-over-year. Whereas last quarters study suggested only a
1.5% rise in car insurance premiums. There is a way to fight back however, and
following these useful tips may help you to lower your car insurance premiums.
Top
five tips to fight the rising cost of car insurance:
Ignore the myths surrounding car insurance
premiums.
Contrary to popular belief; car insurance premiums across insurance companies
aren't the same! Consider this: what you are paying now with your current
insurer could be hundreds more, or hundreds less with another company. In
actual fact, it could be said that there are no two car insurance policies exactly
alike.
Shop
around for quotes
Use a service that does the shopping for you! Let
Kanetix.ca do all the hard and boring work for you. Simply
input your information once, and receive multiple quotes from competing
insurers. This is one of the most efficient ways to see if you can lower your
car insurance rate.
Never pay
for quotes
When shopping around for car insurance you should never pay
to get your quotes, whether you're researching online, or offline. Services
like
kanetix.ca which offer online insurance
comparisons will never charge you or add hidden fees to the quotes you receive.
When
shopping, compare oranges to oranges!
Be consistent when you are comparing car insurance rates;
always include the same deductibles, coverages such as collision and
comprehensive, and limitations so you’re comparing similar rates. The majority
of comparison sites will automatically calculate these for you. Nevertheless,
keep this in mind if you plan to do your research offline.
Not only
should "bad drivers" shop around but everyone
should!
Many drivers think that the only reason to shop around for
car insurance, is if you have a bad driving history and need to find someone to
insure you. This is a costly error on their part, because all drivers
interested in saving money (good drivers or bad), should all shop around to
ensure that they are receiving the coverage at the best price.
Join thousands of Canadian insurance shoppers on the fight
to finding a lower car insurance rate at
Kanetix.ca where
you will find insurers competing to give you the best possible
car insurance
rate available to you!