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Did you know? – January 2011

January 12, 2011

Did you know your insurance rate can vary from one insurance company to another, even within the same city? 

It’s true. Most insurance companies include your postal code as part of your driving profile. Insurance rates are set based on the insurance companies’ claims experience (the amount of claims they’ve paid out). If your insurance company as a high rate of claims within your particular postal code you will likely pay more for your insurance with that company, than if you were with an insurance company who has not. This is another reason to compare insurance rates as not all insurance companies claims experience is the same.