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Don't Let the Fear of Higher Insurance Rates Put the Brakes on ...

Picture yourself in a new car. Wind whipping through your hair as you race down the winding, curvy road. Bruce Springsteen’s “Pink Cadillac” is pumping in the background and you feel like you’re in a commercial.. You are so cool. And then you come to a screeching halt. It’s going to cost too much. The payments! The gas bills! The insurance!

In your wildest, most fantastic dreams, could you ever have imagined that what you’re currently paying for car insurance could land you a new car? Read on.

At some online insurance sites you can compare your current car insurance rates with competing companies, and there’s a good chance you’ll find a much lower rate. The difference could be enough that the next time you leave your house you’ll be on your way to lease a new car!.

We surveyed more than 5,000 people and asked: Is fear of higher insurance rates influencing your decision to buy a new car?

Selection – Based on 5,096 replies:

No 1,258 (25%)

A staggering 75% of respondents said “yes”!

Is this concern justified? Or is there something much more sinister at work in your subconscious? Could it be an irrational fear of high insurance rates?

Brand new car or mom’s hand-me down: Checking out rates for a new car isn’t something to fear. In fact, it could save you money! The lowest rate possible on a brand new car could be cheaper than what you are currently paying for your older car. If you don’t shop around…you’ll never know! The key is to get the best rate possible, and you can do that online.

Getting quotes from the top 30 insurance companies in Canada, we compared the insurance rates between a new car and an older model of that same car.

Newer Vehicle Insurance Rates VS Older Vehicle Insurance Rates

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Read more...

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Car Insurance Rates In Canada- News


Toronto Vehicle Insurance Firms Hike Premiums By 14 Percent
Toronto Vehicle Insurance Firms Hike Premiums By 14 Percent
Globe and MailAt least 10 car insurance firms have secured permission from the regulatory agency to hike their premiums for the second or third time in 12 months. Ontario Hints Cut On Healthcare, Education, Other Basic Servicesall 356 news articles »

Car Insurance Rates To Climb
Car Insurance Rates To Climb
Financial PostCar insurance rates are set to climb in the province as companies raise their premiums – but Premier Dalton McGuinty argues that the cost is still cheaper GTA drivers face 14% insurance hikesDrivers in Ontario face insurance rate hikes, but McGuinty says rates still lowOntario drivers facing an auto insurance rate hikeall 87 news articles »

H1N1 Families Face Financial Challenges
H1N1 Families Face Financial Challenges
Just like car insurance. Have an accident? Pay more. by jokr8790 October 30, 2009 12:57 AM EDT Boy I'm so glad we live in America and don't have a

Buy or skip rental car insurance?
A No, the coverage is generally only valid in the United States, Canada, Puerto Rico and US territories. Check with your insurance agent. and more »

Hertz and AAA Expand Agreement to Offer More Benefits and Discounts to Members
As part of the agreement, AAA members will now receive a discount on the recently launched Hertz prepaid rates. Other new member benefits include a discount and more »