Is the fear of higher insurance rates influencing your decision on buying a new car?

These rates were based on a 35 year-old driver in Toronto (M5C 2C5) with 19 years license and insurance experience. Coverages are $1 million for liability, $500 collision deductible and $300 comprehensive deductible. 10,000 annual km with a commute distance of 5 km one-way to work. The vehicle was a 2001 Chrysler Intrepid 4 DR.

Insurers just announced another record profit of $4.2 billion dollars. Many feel they've made this money from the pocketbooks of the drivers, and not as a result of a return on their investments.

If you're paying more then you feel is right for your car, home, life or business insurance, your insurance company may be trying to tell you something. It's called a 'Go Away Rate.'

I was wondering when the financial community would start including InsuranceHotline.com as part of their portfolio for saving their clients money, instantly.

Any traffic ticket, excluding parking tickets, can cause your insurance rate to skyrocket by thousands of dollars. But getting a ticket is different than being convicted. Just because you receive a ticket does not mean you are guilty of the offense.

This is a good time for homeowners and drivers to check their insurance coverage - Why?

Car insurance companies have plenty reasons for increasing your auto insurance rates. They are consistently searching for tickets and suspensions by performing background checks and investigations. Once your auto insurance company finds a new ticket, be prepared for a sharp increase in your rates. A speeding ticket issued 500 miles from home, in another province or state can cause your insurance rate to increase.

Car dealers say sky-high insurance rates are hurting new car sales, yet the insurance industry insists rates have come down. Who's right?