OVER
$7,000 DIFFERENCE IN INSURANCE RATE QUOTES FOR
SAME DRIVER IN THUNDER BAY
According
to a recent study by Lee Romanov of the Insurance
Hotline, based on recent insurance company filings
with Ontario's Financial Services Commission, there
is a vast difference in insurance company rates.
It
certainly pays to shop around for quotes for your
car insurance.
For
instance:
Profile
1: Male, single, age 19
Risk
Description:
Licensed 3 years, 1 year with class G licence
Owner and principal operator
Commute - 5 km one way, annual mileage under 12,000 km
2001 Honda Civic DX 2 door Coupe (VICC Code 0258)
New business application to company
In
Thunder Bay, Allstate Insurance will charge him,$12,192
for a one year policy while Western Assurance is
$9,612
At
the low end, this Thunder Bay driver can be insured
with State Farm insurance for $5382 or with Traders
Insurance for $5382 or Nordic insurance for $4937
For more information please see: www.insurancehotline.com
In
Toronto the rates show:
for
a 19 year old with a clean record, rates between
$5750 and $15,551
for
a driver with one ticket and one accident, rates
from $2,051 to $17,468
for
2 drivers with clean records from $1763 to $6992
for
a 70 year old with clean record, from $970 to $2576
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