Changes to your car insurance take effect 1 Sep 2010. Call your Insurance Agent and see how the changes affect you.

Changes in auto insurance policy in 2010

Depending upon how much you will pay for the coverage on your automobile insurance premiums, you will get more choices in the future. Some of the changes made in different types of coverage are:

Medical, Rehabilitation and Attendant Care (for catastrophic injury): Currently for medical and rehabilitation benefits you are getting coverage upto $1,000,000. However, from 1st September, 2010, though the coverage amount will remain the same, but, you will have the option to make more purchase.

Medical, Rehabilitation and attendant care (for non-catastrophic injury): Currently, the coverage for medical and rehabilitation benefits is upto $100,000, whereas, for attendant care, it is up to $72,000. After 1st September, 2010, the coverage for attendant care will be upto $36,000 and for medical and rehabilitation, the coverage will be upto $50,000. However, in the latter section, you will have the option to purchase more upto $1,100,000.

House Keeping and Home Maintenance Expense: If after an auto accident, you are unable to do housekeeping and home maintenance yourself, you can get benefit from this coverage. Though this is applicable to all types of injuries till now, but, after September 1, 2010, this coverage will be applicable for catastrophic injuries only. However, you can purchase this coverage for non-catastrophic injuries as well.

Income Replacement Benefit: Currently under this coverage you get replacement of 80% of your net income, up to a maximum of $400 per week. Under the changed law, the basic coverage will replace only 70% of your gross income, upto a maximum of $400 per week. However, you will get an option to purchase extra coverage for upto $600, $800 or $1000 per week.

Caregiver Benefit: Under this coverage, in the event of any accident and any type of injury, you will get financial support for some expenses, if you are not able to continue being the main caregiver to any dependent in your home, who needs your care. However, after 1st September, 2010, you can get this benefit only if you have catastrophic injury. To get coverage for non-catastrophic injury, you need to make a separate purchase.

Prior to buying the coverage, you should talk to your automobile insurance company and have a detailed knowledge on the coverage you need and what should be the cost for each.

Source:

Recent Auto Insurance Policy Changes in Canada, 2010 This post via: Cars Canada For Sale The help you need when buying a new or used car in Canada!. Just Ask Ryder

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ALWAYS Compare Rates

It’s an exciting time in the household when a son or daughter is ready to get behind the wheel of your car. Exciting for them, but most parents feel it can be a headache. Getting a car insurance quote new driver, doesn’t have to be a headache and if you are smart it won’t cost you a lot in your insurance premium either!

Think About Insurance When …

If your teen has the first level of their driver’s license (in Ontario it’s the G1, elsewhere in Canada it’s a Class 7), they are to have a licensed driver in the car with them at all times. Because they are under this constant supervision, insurance companies do not consider them a high risk for accidents and are not required to be added to your insurance policy.

The minute their license changes (G2 Ontario, Class 5 everywhere else), they do need to be insured and you’ll have to add them to your insurance policy. When it is time to add them don’t forget to shop for rates. You can get a Canada car insurance online quote and see by how much your rate will be affected from several companies at once and decide from there which way to go.   Continued

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With car insurance premiums can differ as much as $900.00 for the same coverage between companies. With car insurance online, it makes it a lot easier to see just where the differences are and with what car insurance company can we go with to get the best rates.

Car insurance Canada is a must … we all have to have it and with car insurance online we can certainly now see where we can save when we have to get it!

photo credit: mbowlersr

Car Insurance Online This post via: Cars Canada For Sale The help you need when buying a new or used car in Canada!. Just Ask Ryder

Fact #1

Regardless of what Province, City or Town you live in Canada – EVERYONE MUST have car insurance.

Fact #2

Sadly there are too many of us who overpay for our auto insurance in Canada because we don’t shop around for the best rates.

Why don’t we shop? It usually boils down to two answers:

1. It doesn’t matter which car insurance company in Canada I choose, I will just end up paying the same car insurance premiums.

2. Shopping for auto insurance rates in Canada are for people who need new driver car insurance or those who need high risk car insurance

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.

FACT … 
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.                                         
source: kanetix.com study Nov 2006

Let’s face it when it comes to insurance premiums today, don’t you think you owe it to yourself and your budget to check to see if you are getting the BEST RATE?

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

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Well, I am not sure if “cheap” car insurance in Ontario exists but I can certainly tell you that by doing your research and going online and getting an Ontario auto insurance quote, you will certainly see that not all auto insurance companies in Ontario are the same and YES their rates do vary!

Shopping rates should go without saying, you should take the time and do a little comparison shopping to get an Ontario online car insurance quote. BUT … Even of you decided to not shop and wanted to see a reduction in your car insurance there is one thing you can do right away that could save 10%. It’s as simple as looking at your deductible and making a change.

The deductible on our insurance policy is the amount we agree to pay and then our auto insurance company picks up the rest of the tab. The majority of people set their deductible at $250 to $500 which at first thought makes sense. We want to limit our financial responsibility as much as possible … but is that wise?

Think about this for a second. We all know that when it comes to auto insurance companies in Ontario or anywhere for that matter, the minute we report more than one claim our premiums raise. Because of that, we typically won’t make a claim unless we really have to and are more apt to pay for damages etc out of pocket avoiding the hit on our auto insurance.

Having said that would you make an insurance claim for $500 or maybe even $700-$1000? My guess is you probably wouldn’t if you were aware that you would be paying more for your car insurance. Here is another thought, insurance claims stay with you for 10 years, if you were to submit a claim for say $700 you could end up paying a lot more than if you had of just paid for the expense out of pocket in the first place.

So, where am I going with this? Well, if you are more apt to pay for damages out of your own pocket as long as they weren’t more than say $1000, then why have a deductible of only $250-$500? If you raise your deductible to $1000 you’re saving on your rate from the get go.

Cheap car insurance in Ontario might not necessarily exist, but you can certainly save as much as 10% if you raise the deductible a little more than where you have it. Do your due diligence, see for yourself on how raising your deductible affects your premium and do your comparisons.

Also remember that not all auto insurance companies are created equal. What I mean by that is, SHOP RATES. If you take the time out of your day to get an Ontario online car insurance quote you could save yourself even more money. Let’s face it money is better in your pocket than in someone else’s!!!

Cheap Car Insurance in Ontario – How to Get Instant Savings This post via: Cars Canada For Sale The help you need when buying a new or used car in Canada!. Just Ask Ryder

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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.

FACT …

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: kanetix.com 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?

Canada Car Insurance – It’s Worth It To You To Shop Around! This post via: Cars Canada For Sale The help you need when buying a new or used car in Canada!. Just Ask Ryder

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