Behind The Insurance Curtain
As insurers announce record profits, many feel the companies have made this money from the pocketbooks of drivers.
Rate Guides: Many governments put out rate guides to let drivers know that they must shop around for their car insurance. The government in Ontario, Canada, is a good example of this. Their "Rate Guide" shows the vast difference between insurance companies' rates. The link can be found on the Resource section of InsuranceHotline.com. Here's the government's rate comparison, showing the lowest to highest rates for 4 driver profiles, with rate differences over $15,000*.
Driver’s Age & Profile Lowest Highest
19 Years Old, Clean Record $5,750 $15,551
Driver, 1 Ticket/1 Accident $3,089 $14,546
Driver, Clean Record $1,380 $16,948*
70 Years Old, Clean Record $621 $4,586
While this is a powerful tool that shows the amount drivers could be overpaying for their car insurance, it doesn't help individual drivers find which insurer has the best rate for them.
InsuranceHotline.com is an interactive, unbiased rate guide providing a personalized rate comparison, directing each driver to the right insurer.