Canada Car Insurance – It’s Worth It To You To Shop Around!

193215_dash_boardWhen it comes to Canada car insurance all Canadians are well aware of the fact that we MUST have auto insurance coverage. Each Province has their own “basic” or “minimum” car insurance coverage requirements and then we can add to that coverage based on our own individual needs.

That’s a given.

What is sad though is that when it comes to car insurance many of us are paying much more than we should be. Why? Because we don’t take the time to shop.

Why don’t we shop …

Let’s face it, it’s a hassle calling car insurance companies giving each one the same information over and over again. We’ll call two “maybe” three insurance companies and then call it a day and go with the lesser of the quotes from the few calls we made.

In addition, the general consensus is when it comes to car insurance in Canada ALL insurance companies are equal and the same and that the current rate that people are paying is the same rate they will get elsewhere … so what’s the point of shopping.

In the past before the internet calling companies one by one would be a hassle. But, with the speed and ease of the internet you can get several auto insurance quote for Canada and compare their rates in a matter of minutes. Which alone makes things a lot easier.

If you believe that all auto insurance companies in Canada charge the same premiums and that shopping rates for car insurance is for the newbie or high risk driver then you could be losing money. Auto insurance rates in Canada vary hugely from company to company, even based on the same coverage.


In November 2006 a study was done comparing 8,000 online auto insurance quotes for people with no tickets, no accidents or claims. Each person was provided with a car insurance quote from the TOP 10 car insurance companies in Canada. For each person the lowest and highest auto insurance premium was then recorded and an average was calculated. The results showed that auto insurance rates varied on average by $900.00 FOR THE SAME COVERAGE.

Check car insurance rates in Canada and see where you stand.

source: study Nov 2006

I am sure you will agree that it is well worth the time and energy it takes to shop around for insurance quotes, click a button, get a comparison from several companies at once and keeping $900 in your pocket …

Well let’s just stop there and let me ask you …

When it comes to Canada car insurance is it worth shopping around?

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1 Comment »

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