Introduction

Welcome to the September 2008 edition of the InsuranceHotline.com Insider newsletter.

In this issue, we've compiled 9 tips to save you money on your car insurance, explain exactly what factors determine your rate, and clarify the consequences of lying on your application, many of which could end up costing you lots of money.

Remember, no matter how much you are paying, in order to make sure you're paying the lowest insurance rate available for your profile, you need to shop around.

Click here to instantly compare the rates of over 30 insurance companies at InsuranceHotline.com, your search engine for lower insurance rates. It's fast, safe, unbiased and best of all, it's FREE!!

9 Tips To Save On Car Insurance:

Want to reduce your car insurance premium? Have a look at these tips.

1. Maintain a good driving record. Drive carefully, wear your seat belt and don't become distracted while driving.
2. Increase your deductibles. The higher the deductible, the lower your premium.
3. Take public transit. If you drive to work, consider using the bus or the subway. Driving your car less can lower your premium.
4. Buy accident forgiveness coverage. If you have this coverage and have an "At Fault" loss, it could save you hundreds of dollars on your next renewal.
5. Review your coverage. If you drive an older vehicle, you may want to consider removing your collision or comprehensive coverage and should discuss this with a licensed insurance broker or agent.
6. Change the type of car you drive. Some vehicles cost more to repair than others. Other vehicles have a better safety record. Visit the Insurance Bureau Of Canada site, to see which cars have the best records.
7. Insure your car and home with the same company. Many companies will offer a discount if you purchase both car and home insurance with them.
8. Complete driving courses. New drivers should take an accredited drivers training course, which not only prepares you to become a better driver, but also qualifies you for a discount with many insurance companies.
9. Shop around. This is actually the fastest, easiest way to save money on your car insurance. InsuranceHotline.com can provide you quotes from over 30 insurance companies in just minutes to ensure you are paying the lowest rate available, and all at no cost to you.

6 Consequences Of Lying To Your Car Insurance Company

Some people think it's acceptable to lie about past accidents, traffic convictions, claims and prior insurance cancellations when applying for a car insurance policy.  The mind-set of these consumers is often that insurance companies owe them something, especially if they've never reported a claim.

Providing false information to your insurance company is considered a form of fraud.  If you are caught committing or attempting to commit insurance fraud, be prepared to face 6 serious consequences:

1. Your insurance policy may be cancelled
2. Your reported claim will be denied
3. You will face higher insurance premiums
4. You may be denied car insurance coverage in the future
5. If found guilty under the Insurance Act, you will face a fine of up to $100,000 for the first offence and up to $200,000 for additional offences for non-criminal offences
6. If found guilty under the Criminal Code of Canada, you will face a maximum of 10 years in jail for fraudulent cases over $5000 for all criminal activities

Telling the truth on your car insurance application can save time and money.

InsuranceHotline.com can also save you time and money by searching for the lowest car insurance rate from over 30 insurance companies rates in our database.  Don't pay more than you need to. Get the lowest rate through InsuranceHotline.com for free!