Rates are based on the information provided. We use the same rating software as the majority of brokers in the country (Compu-Quote Rating Services).

There are a number of reasons why the quote you received is higher:

Input Errors

90% of rate discrepancies occur due to the wrong information being input. For example, many car models are similarly-named (Nissan Altima instead of Nissan Altima SE), and this can lead to a considerable difference in rates.

Accident-Forgiveness

Some drivers, if they have had an accident in the past six years and were found at-fault or partially at-fault, may have an endorsement called Accident-Forgiveness or Accident-Protection on their existing insurance policy. This type of coverage is not transferrable to another company, and the rate calculated will be higher because the driver is being charged for an at-fault accident that their current company has forgiven and not charged for.

Last Year's Rate

If your rate is from last year's renewal, the system may not be able to generate something lower. Insurance companies can file for rate increases up to 4 times per year, so your rate from last year will be based on different rates than today. Wait for your renewal and then compare.

Comparing Rates Correctly

Some companies withdraw 9, 10, or 12 times a year, so compare your total annual rate, not a monthly rate twelve times.

Discounts

If the rate is approximately 10% different, it may be due to a loyalty or renewal discount. If you have property insurance with the same company, you may be eligible for another discount of approximately 10%. This can be transferable when you speak to the broker representing the company quoted.

Graduated Licensing

Please double-check that you completed the form properly. In particular, look carefully at the license/insured sections. If you skip the "Insured Since" question, you may be rated as a new driver. Also, if you have a full G licence, please make sure you completed the G section, not the G1 and G2 which are for new drivers only. This can cause the system to rate you unfairly as a new driver.

International Driving Experience

If you have international driving experience and are being credited for that with your existing company, the quote will be higher. InsuranceHotline.com does not quote for international driving records. If this is your situation, please click here.