Car Insurance

[stang]

Time to renew.
Am attracted by my bank's quoted rate which is about $350 less per year. Looks like the similar coverage I wanted.
Anyone have thoughts on car insurance through the bank instead of traditional broker/insurer as I always have until now?
Oh, it's TD/Canada Trust BTW.

 

[pieter]

I have been insured through CAA for the past five years.
Every year I compare the rate with at least four or five cometitors like banks, insurance brokers, president's choice etc.
CAA ,at all times is 2 to $300 cheaper than anybody else.

 

[pizzaboo]

Try a quote from PC insurance they tend to be cheaper for most people I know . If you have to make a claim I find most companies act about the same so whoever gives you the cheapest pink piece of paper I go with .

Boo

 

[hunter001]

All the car insurance offer throught the banks, CAA or PC are just deals with Insurance Companies to rebank their coverage and Market through the bank, CAA, PC. So you get a discount but you have the same coverage.

 

[TRX]

if you are member of an alumni association, try Meloche Monnex as group insurance

http://www.melochemonnex.com/promo/search?campaignid=GOOG410203&s_kwcid=meloche%20monnex|747076577&gclid=CPfdrrLw6YgCFRwHQQodIVUOjg

 

[stang]

Okay so I call the broker to cancel my old policy (approx.$150/mth,$1800/yr). and I get the "oh, no,no,no, let us requote you". So they do, still comes to $1400/yr. Friggin' crooks, if they could do that so easily why didn't they do it sooner? I tell them thanks but no thanks, and off to the bank I go for $1200/yr. The little guy wins for once!

(but I'll probably end up paying the difference to them in continued ass-raping bank fees. )

 

[to-guy69]

Okay so I call the broker to cancel my old policy (approx.$150/mth,$1800/yr). and I get the "oh, no,no,no, let us requote you". So they do, still comes to $1400/yr. Friggin' crooks, if they could do that so easily why didn't they do it sooner? I tell them thanks but no thanks, and off to the bank I go for $1200/yr. The little guy wins for once!

(but I'll probably end up paying the difference to them in continued ass-raping bank fees. )

The two tallest buildings in any large city are:

1) Banks
2) Insurance companies

Why?

Because they are the most profitable legal crooks in society (up there with the government).

 

[goodtime]

All the car insurance offer throught the banks, CAA or PC are just deals with Insurance Companies to rebank their coverage and Market through the bank, CAA, PC. So you get a discount but you have the same coverage.

Most are re-marketing ex-Canada Life (M.Monnex) & Belair (ING group).

 

[Protoss]

if you are member of an alumni association, try Meloche Monnex as group insurance

http://www.melochemonnex.com/promo/search?campaignid=GOOG410203&s_kwcid=meloche%20monnex|747076577&gclid=CPfdrrLw6YgCFRwHQQodIVUOjg

I saved very big doing this. Also be aware that different associations get better rates. If you belong to an alumni assoc. and a Professional Association get them to quote rates for both. This can make a big difference. I'm kicking myself that I didn't do it sooner.

Protoss

 

[Alexis696969]

If you drive your car to work only .Theres a reduction in that alone .Just found out What I did was I called like 10 places no kidding and i said look this is the coverage I have and this is what Im paying ,and I am ready to cancel with them from the outrageous rates.So if you can do much better in price with the same coverage ,I will sign up with you .If not lets not waste anytime .So from the 10 phonecalls i ended up from 260 a month to 130 with the same coverage .
Not to mention other factors can adjust the rate due to driver record age ,and etc.. etc.. It diffinately doesnt apply to all .

 

[goodtime]

You'll save more if you're occasional driver, but if you lied & insurance find out about true mileage, grounds to cancel your policy or hefty renewal.

If you have driver training, car alarm will also save on premium. Home insurance with same carrier is 10-15% off. Higher deductible also helps but
set money aside to offset claim & do out-of-pocket repairs. If residence outside of GTA is another saving, lower rate less likihood of claim.