Canadians more satisfied with car insurance, but pricing still a problem

Auto insurance is a sore spot for many Canadians. Many believe they are paying too much for premiums while receiving too little in return. However, those perceptions are changing. An annual study released Wednesday indicates customer satisfaction with auto insurance has increased for the first time in five years. The J.D. Power 2016 Canadian Auto Insurance Satisfaction...

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The Question: Why is the price of car insurance going up?

  While motor costs are going down around the world, here at home the cost of insuring your car has spiralled. According to the Central Statistics Office, the cost of car insurance rose by 32 per cent in the year to March. Insurance companies blame an increase in the number of personal-injury claims brought to court, and a jump in the size of awards given out, but...

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Young Drivers: How You Can Avoid a Huge Car Insurance Bill

Shutterstock photo One of the biggest appeals of turning 16 is finally driving a car. Perhaps you've even saved up for years to buy one of your own. Did you account for the insurance though? On average an 18-year-old driver will pay $5,411 for a standard auto insurance policy annually. Luckily, with some prior knowledge you can avoid having to spend all that money on...

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Here are 7 reasons why car insurance is absolutely necessary

There is nothing quite like the freedom of driving. However, it's not a privilege to be taken lightly, and we all know what comes with great power. Even if you are the most careful, type-A human alive who has never even gotten a parking ticket, you still need to invest in a car insurance policy. An auto insurance policy doesn’t just help you with issues relating only...

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Check your car insurance

Do you know how much third-party liability coverage you have in your auto insurance policy? Do you know how much coverage you should have? Few people know the answers but they should. There are two basic types of coverage in a standard auto insurance policy: no-fault and third-party liability. No-fault coverage is set by the Ontario government. It means certain benefits...

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Cost of Car Insurance In Every State

Every car insurance company claims they can save you money on your monthly rate, but there are more forces at work here than your flawless (or not so flawless) driving record or credit score. Even the state where you live can impact your annual car insurance premium, so take the claims of those countless ads with a grain of salt. Credio, a personal finance site that’s...

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