Since it’s Required, Why Not Compare and Save on Auto Insurance With Kanetix?

This is a guest post from Shirley Barnes, a freelance writer and finance enthusiast.

No matter what province you live in, carrying auto insurance is mandatory in Canada. Just because mandatory auto insurance laws require you to carry specific coverage options and minimum limits, it does not mean that you are required to carry your coverage through a specific insurer.

If you are in the process of buying a new vehicle, or you currently have coverage and you want to find lower premiums, it is important to use your time wisely and compare auto insurance rates through several different companies – one popular Canadian choice being Kanetix.ca, who has both an English and French version of their website, which makes comparing auto insurance, or comparer vos options de couverture, a snap.

In this article, find out why performing an auto insurance comparison is so important and how you can do your comparison in just minutes, and watch the savings add up.

Why You Must Take Time to Compare Auto Insurance Rates

As a consumer, it is your right to find the most value in whatever you are shopping for. No matter what you might be shopping for, chances are you will compare prices of several different manufacturers, the features and options offered, and the reputation of the manufacturers before making your purchase.

Just because you are purchasing a service and not a product when doesn’t mean you shouldn’t do the same kind of comparisons. You need to consider the insurer’s reputation, the cost of insurance, and the features that will benefit you when filing a claim.

What many drivers are not aware of is that some auto insurance companies cater to excellent drivers and others cater to high-risk drivers with blemishes on their driving record, regardless of the province. Insurance rates are calculated by assessing risk. If a driver presents more risk of filing a claim, the insurance company will assign a higher rate to that driver, which will drive up the overall rates of the policy.

Fortunately, some companies are willing to take on more risk than others and drivers who are classified as risky to a standard company may not be considered the same way by a sub-standard company. This is why comparing available rates through several different insurers in the province is so important.

Building a More Comprehensive Policy on a Budget

All provinces in Canada require drivers to carry compulsory third-party liability coverage. Some provinces also require policyholders to carry other options like Medical Payments, Funeral Expenses Benefits, and Disability Income.

While carrying the minimum requirements will afford you the coverage you need to satisfy compulsory laws, these minimum coverage requirements may not be adequate for you depending on your situation. When you take time to compare auto insurance rates, you can enter all of your personal information and select limits. You can then adjust these limits to purchase a more comprehensive policy.

How to Compare Quotes Quickly

Doing an auto insurance rate comparison does not have to be a time-consuming task. With all of the advanced tools that have been developed in the recent years, consumers now have access to the rates of several insurance companies in the province with a good reputation.

Consumers who truly want to save money no longer have to travel to each insurance office or call several different toll-free numbers to compare quotes. Comparing rates has never been easier or more convenient.

You can save money on your insurance and save time in the process by using rate comparison tools. Make sure you have your current auto insurance policy by your side, your vehicle information, and all of the information on each driver. By entering your information into the fields, the rate comparison tool will become your personal insurance broker.

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Comments

  1. those comparison sites really save a lot of time, although sometimes it is necessary to check out the whole policy to make sure it fits your needs, only the main features are compared.
    Pauline recently posted..7 ways to make money on the sideMy Profile

  2. Definitely compare auto insurance rates! We have found very different rates for our cars in the past couple of months.
    Michelle recently posted..Financial Goals and Increased Income – Many ChangesMy Profile

  3. I used to compare my insurance in the UK all the time for free or phone around to all the copanies I could and it helped me get the best deals. I’ve heard of this site but never used it.. Overall, comparing is one the smartest things we can do with anything in life especially when we are forking over cash from our own pockets. Cheers mate
    Canadian Budget Binder recently posted..The Grocery Game Challenge #3 April 15-21, 2013- Can Your Budget Handle The Low GI Diet?My Profile

  4. That’s why auto insurance is more expensive for teenagers than adults.
    You can create gaps in coverage easily by moving from one insurance carrier or policy to another one.
    Most adjusters and claims departments these days have sophisticated estimating
    software that has the depreciation tables built right into it.
    cheap auto insurance recently posted..cheap auto insuranceMy Profile

  5. I agree with you that it shouldn’t stop you from comparing rates even though it may appear to be more complicated to compare auto insurance policies. The points to look at is the level of coverage, reliability of the insurer and of course the premium quote. Nice article, thanks.
    talkcarinsurance recently posted..How to Reduce Car Fuel Consumption?My Profile

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Since it’s Required, Why Not Compare and Save on Auto Insurance With Kanetix?

This is a guest post from Shirley Barnes, a freelance writer and finance enthusiast.

No matter what province you live in, carrying auto insurance is mandatory in Canada. Just because mandatory auto insurance laws require you to carry specific coverage options and minimum limits, it does not mean that you are required to carry your coverage through a specific insurer.

If you are in the process of buying a new vehicle, or you currently have coverage and you want to find lower premiums, it is important to use your time wisely and compare auto insurance rates through several different companies – one popular Canadian choice being Kanetix.ca, who has both an English and French version of their website, which makes comparing auto insurance, or comparer vos options de couverture, a snap.

In this article, find out why performing an auto insurance comparison is so important and how you can do your comparison in just minutes, and watch the savings add up.

Why You Must Take Time to Compare Auto Insurance Rates

As a consumer, it is your right to find the most value in whatever you are shopping for. No matter what you might be shopping for, chances are you will compare prices of several different manufacturers, the features and options offered, and the reputation of the manufacturers before making your purchase.

Just because you are purchasing a service and not a product when doesn’t mean you shouldn’t do the same kind of comparisons. You need to consider the insurer’s reputation, the cost of insurance, and the features that will benefit you when filing a claim.

What many drivers are not aware of is that some auto insurance companies cater to excellent drivers and others cater to high-risk drivers with blemishes on their driving record, regardless of the province. Insurance rates are calculated by assessing risk. If a driver presents more risk of filing a claim, the insurance company will assign a higher rate to that driver, which will drive up the overall rates of the policy.

Fortunately, some companies are willing to take on more risk than others and drivers who are classified as risky to a standard company may not be considered the same way by a sub-standard company. This is why comparing available rates through several different insurers in the province is so important.

Building a More Comprehensive Policy on a Budget

All provinces in Canada require drivers to carry compulsory third-party liability coverage. Some provinces also require policyholders to carry other options like Medical Payments, Funeral Expenses Benefits, and Disability Income.

While carrying the minimum requirements will afford you the coverage you need to satisfy compulsory laws, these minimum coverage requirements may not be adequate for you depending on your situation. When you take time to compare auto insurance rates, you can enter all of your personal information and select limits. You can then adjust these limits to purchase a more comprehensive policy.

How to Compare Quotes Quickly

Doing an auto insurance rate comparison does not have to be a time-consuming task. With all of the advanced tools that have been developed in the recent years, consumers now have access to the rates of several insurance companies in the province with a good reputation.

Consumers who truly want to save money no longer have to travel to each insurance office or call several different toll-free numbers to compare quotes. Comparing rates has never been easier or more convenient.

You can save money on your insurance and save time in the process by using rate comparison tools. Make sure you have your current auto insurance policy by your side, your vehicle information, and all of the information on each driver. By entering your information into the fields, the rate comparison tool will become your personal insurance broker.

Enjoy Plunged in Debt?

Pid

Subscribe to get our latest content by email.

Powered by ConvertKit

  1. Pauline says:

    those comparison sites really save a lot of time, although sometimes it is necessary to check out the whole policy to make sure it fits your needs, only the main features are compared.

  2. Michelle says:

    Definitely compare auto insurance rates! We have found very different rates for our cars in the past couple of months.

  3. I used to compare my insurance in the UK all the time for free or phone around to all the copanies I could and it helped me get the best deals. I’ve heard of this site but never used it.. Overall, comparing is one the smartest things we can do with anything in life especially when we are forking over cash from our own pockets. Cheers mate

  4. That’s why auto insurance is more expensive for teenagers than adults.
    You can create gaps in coverage easily by moving from one insurance carrier or policy to another one.
    Most adjusters and claims departments these days have sophisticated estimating
    software that has the depreciation tables built right into it.

  5. I agree with you that it shouldn’t stop you from comparing rates even though it may appear to be more complicated to compare auto insurance policies. The points to look at is the level of coverage, reliability of the insurer and of course the premium quote. Nice article, thanks.

Speak Your Mind

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