Insurance Rates for the 2006 Car Of The Year Awards

Insurance Rate Comparisons: Here are the 2006 cars that are up for the awards, and the thirty top Canadian insurance company rates (from lowest to highest) for each car, with only the vehicle being different.

There are rate differences of hundreds and thousands of dollars between insurance companies for the same vehicle. Drivers knowing this can get great insurance deals.

Ranking: Included is the "ranking" the insurance industry has given each of the vehicles according to:

1) Accident Benefits Coverage: How safe is the vehicle? This is an indicator of the amount paid out by insurance companies in injury or death claims.
2) Collision Coverage: Indicative of the cost paid out to repair the vehicle.
3) Comprehensive Coverage: An indicator of the amount paid out for fire, theft, vandalism, etc.

Sample Rate Comparison: Shockingly, some of the vehicles with the poorest ratings, like the Hummer, have great insurance rates. These rates have been calculated for a driver with a clean record, compared to having a ticket and accident for a Hummer and a Honda Civic.

	Clean Record		One Ticket & Accident
Vehicle	Lowest	Highest	Lowest	Highest
Hummer	$1,651	$3,138	$2,812	$8,769
Honda Civic	$1,602	$3,125	$3,182	$11,271

If you would like any other type of insurance rate comparison, it can be done instantly upon request, by calling Stephanie Lewis at 416 699-8608.

Fear Of New Car Buying: A recent poll, by www.InsuranceHotline.com, found 75% of drivers fear what their insurance would be if they were to buy a new car. If drivers found which insurance company had the best rate, they would probably pay less for a new car then their old car.

Rate Comparison Results: When comparing insurance rate information, some surprising findings have been uncovered:

Family Car: A family car under 35K can cost more to insure than one over 35K.

SUV: Some sport utility vehicles can cost less to insure then a family car under 35K. A Hummer can cost approximately the same to insure at $1,655 as a Honda Civic at $1,602. And the Hummer has a much higher theft ranking.

Luxury Cars: Luxury cars are one of the most expensive vehicle types to insure, costing about $500 more then family, SUV's, muscle cars and alternative vehicles. And they are classified as having a high cost to repair and theft ranking.

Alternative Vehicles: Most drivers who purchase alternative vehicles, do so to save money ie. less gas cost, yet they're not going to do that through the cost of their insurance. Alternative vehicles can cost as much as some muscle cars.

Last Years Winners and Categories