How To Benefit from Falling Car Insurance Rates
With auto insurance rates on the decline in Ontario and now is the perfect time for consumers to benefit from falling car insurance rates. With a plan in place to lower rates by 15% and eliminate other factors that drive up car insurance costs, such as insurance fraud, now is the perfect time to get an auto insurance quote.
The Current State of Auto Insurance in Ontario
“Rates have dropped an average of 5.44 per cent since the government started to take measures aimed at combating insurance fraud last year,” Finance Minister Charles Sousa said on July 15th.
Sousa goes on to add, “About a dozen companies have reduced their rates by over 10 per cent since the government started addressing the issue.” Additionally, more insurance companies are expected to drop their auto insurance rates as well once the bill aimed at tackling insurance fraud and inflated towing costs passes in the legislature. This will help the Ontario government reach its goal by August 2015 and make car insurance more affordable for all.
How Can Drivers Benefit From Falling Auto Insurance Rates?
If you want to capital on the government’s plan to save on auto insurance rates, you cannot stand put and wait for your rates to drop. Keep in mind that your insurance premiums can still go up and it is up to consumers to find the best possible rates they can get. Therefore, shopping around for insurance rates is your best strategy for maximizing how much you can save on your rates.
You will not likely see a drop in your rates until your policy comes up for renewal. Even if your current insurance provider does lower your rates, this doesn’t mean that you are saving the most money on your car insurance rates. Further savings could be possible, but you need to shop around. The easiest and most effect way to do this is by using an insurance broker. They will do the insurance shopping for you and help you identify the insurers that offer you the most savings on your auto insurance.
When was the last time you got a car insurance quote? Now is the perfect time to get a quote and take advantage of falling car insurance rates in Ontario.