Boxing Day is a much-beloved Canadian tradition. Although it may not be as prominent as it was before Black Friday and Cyber Monday came about, it still ranks high in consumers’ minds as an opportunity to save money.
But when it comes to saving, spending your hard-earned dollars on consumer goods pales in comparison to saving money on car insurance.
How much can you save?
On average, drivers who use InsuranceHotline.com’s free online quoting tool get a quote that is 26% less than the average market rate when comparing their current premium against the rates available through our network of more than 30 insurance providers. That’s a heck of a deal!
How? Because car insurance rates are always changing. In Ontario, for example, the Financial Services Regulatory Authority (FSRA) of Ontario publishes its rate-filing decisions weekly, and those decisions could trigger an increase or decrease to an insurer’s rates.
That is why shopping around is so important. What you’re paying for coverage currently may not be the lowest car insurance rate you can get. You won’t know for sure until you try comparing quotes.
Rates change and chances are you do too
A lot can happen in a year that can affect your auto insurance rate. It’s time to find a better deal for your coverage if in 2020 you:
- Bought a new car
- Got married or moved in with a common-law partner
- Added a teen driver to your policy
- Changed jobs or retired
- Got a ticket (or had one fall off your driving record)
- Were involved in a collision (or had one fall off your insurance history)
Regardless, there are plenty of times when premiums could change, which means an insurer other than your current one may offer you a lower premium. Don’t let this opportunity to pay less for your coverage pass you by unnoticed.
Find the Best Car Insurance Rates
Compare car insurance quotes from 30+ providers in a single search. Start saving money today on the premiums you pay.
Avoid overpaying for your insurance needs
Try kicking off 2021 by putting your current insurer’s premium to the test. Find your cheapest car insurance quote by comparing policies and premiums from a broad range of insurers in a few clicks. Moreover, there are plenty of things you can do that may reduce your premium.
Afterwards, go ahead and scour the internet for the Boxing Day sales you’re after knowing you might be able to spend a little more this year.