ThinkInsure | Ontario Insurance Blog

Recently we posted a news article that reviews some interesting stats about car drivers and their lackluster approach to shopping around when renewing their car insurance policy. The report shows that some 39 per cent of Ontario drivers have been with their current car insurer for three years or more and do not bother to seek out alternative offerings. I can’t imagine the amount of savings some of these drivers would be realizing on by at least doing themselves a favour and getting some comparison quotes. I guess it’s like the old saying, that we spend about 10 times as much time choosing a vacation as we do on things like getting the best possible rate on car insurance.

Some notable industry experts have stated the following about this:

“With the cost of car insurance at a record high, it is worth shopping around before renewing premiums.”

“Insurers rely on apathy to retain customers. Very few renewal notices show what you paid for your car insurance last year, because your new auto insurance premium may have increased significantly,” he said.
“Also, car insurers make use of the annual renewal to review the cover they offer, typically increasing excesses or altering policy wordings. So it’s essential that you check not only the price, but the level of cover to ensure your policy continues to give you the protection you need.”

Do yourself a favour and at a minimum take 3 minutes of your time to get car insurance quote comparisons. It’s easy with our service, simply click here!