Sneak Peak At What Insurers Know, But You Don’t, Until Now
As insurers announce record profits, many feel they’ve made this money from the pocketbooks of the drivers.
The Financial Services Commission of Ontario launched its "2005 Rate Guide" showing the vast difference between insurance companies’ rates. The link can be found on the
Resources section on InsuranceHotline.com.
Here’s the government’s rate comparison, showing the lowest to highest rates for 4 driver profiles, with rate differences of over $15,000.
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Toronto
Driver Profiles
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Lowest
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Highest
|
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19
Years-Old, Clean Record
|
$5,750
|
$15,551
|
|
Driver,
1 Ticket & Accident
|
$2,051
|
$17,468
|
|
2
Drivers, Clean Record
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$1,763
|
$6,992
|
|
70
Years-Old, Clean Record
|
$970
|
$2,576
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While this is a powerful tool, showing how much drivers could be overpaying for their car insurance, it doesn’t help individual drivers find which insurer has the best rate
for them.
InsuranceHotline.com is the only interactive, unbiased rate guide providing a personalized rate comparison, directing each driver to the right insurer.
For comment call Lee Romanov, founder of InsuranceHotline.com, at 416 699-4378.
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