Auto insurance rates can vary wildly between insurance companies. Premiums often change so the insurance provider who offered you the best rate five years ago, or even as near as last year, may not be the insurer who offers you the best car insurance rate today. That’s why it’s important to shop around because the quote you get from one company can be significantly higher (or lower) than the quote you get from another.
We’ve noticed, on average, InsuranceHotline.com shoppers saved $427 after comparing car insurance quotes on our site from January to November 2018. The average savings amount represents the difference between the consumers' recorded current premium and the lowest premium generated by InsuranceHotline.com.
How to Find a Better Rate for Your Car Insurance
Auto insurance rates are on the rise. In the third quarter of this year, Ontarians saw their car insurance rates increase by an average of 2.60%. In fact, over the course of the last two years, Ontario auto insurance rates have increased every quarter. In Alberta, premiums for some went up by 15% on average, according to the Insurance Bureau of Canada.