Car Insurance renewal time - It's probably everyone's least favorite time of the year. Now, if you're lucky enough not to have an increase in your policy, congratulations! But, if your one of the thousands of car insurance policy holders who received an increase in your policy this year, this money saving article on car insurance is for you.
Car Insurance rates are on the rise:
For the second quarter in a row, the average lowest car insurance quote has been higher than in the same 3-month period a year earlier. Near the end of each fiscal quarter kanetix.ca, an online insurance marketplace, looks at some of the data obtained from people shopping for car insurance. This particular study looked at the lowest premiums quoted during the months of October, November and December and calculated an average, which they then compared to the same time period for the year earlier.
The study indicated a 5.3% increase year-over-year. Whereas last quarters study suggested only a 1.5% rise in car insurance premiums. There is a way to fight back however, and following these useful tips may help you to lower your car insurance premiums.
Top five tips to fight the rising cost of car insurance:
Ignore the myths surrounding car insurance premiums.
Contrary to popular belief; car insurance premiums across insurance companies aren't the same! Consider this: what you are paying now with your current insurer could be hundreds more, or hundreds less with another company. In actual fact, it could be said that there are no two car insurance policies exactly alike.
Shop around for quotes
Use a service that does the shopping for you! Let Kanetix.ca do all the hard and boring work for you. Simply input your information once, and receive multiple quotes from competing insurers. This is one of the most efficient ways to see if you can lower your car insurance rate.
Never pay for quotes
When shopping around for car insurance you should never pay to get your quotes, whether you're researching online, or offline. Services like kanetix.cawhich offer online insurance comparisons will never charge you or add hidden fees to the quotes you receive.
When shopping, compare oranges to oranges!
Be consistent when you are comparing car insurance rates; always include the same deductibles, coverages such as collision and comprehensive, and limitations so you're comparing similar rates. The majority of comparison sites will automatically calculate these for you. Nevertheless, keep this in mind if you plan to do your research offline.
Not only should "bad drivers" shop around but everyone should!
Many drivers think that the only reason to shop around for car insurance, is if you have a bad driving history and need to find someone to insure you. This is a costly error on their part, because all drivers interested in saving money (good drivers or bad), should all shop around to ensure that they are receiving the coverage at the best price.
Join thousands of Canadian insurance shoppers on the fight to finding a lower car insurance rate at Kanetix.ca where you will find insurers competing to give you the best possible Car Insurance rate available to you!
Paul S. Gregg is part of the online marketing team at Kanetix.ca. Kanetix is Canada's leading insurance marketplace, helping more than 100,000 insurance shoppers a month to save time and money with their insurance needs. Visit http://www.Kanetix.ca today to receive your free Car Insurance quote!
Article Source: http://EzineArticles.com/?expert=Paul_Gregg
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