Selection - Based on 5,351 replies:
They are all the same 549 (10%)
Between $100 to $500 2,465 (46%)
Between $500 to $2,500 2,022 (38%)
Between $2,500 to $10,000 248 (5%)
Over $10,000 67 (1%)
Most drivers think there are rate differences of about $100 to $500 between insurance companies. About 10% thought that there was no difference at all! In reality, there can be more than a $10,000 difference in rates.
So, who's the best rate-slinger in town?
Take a look at this rate comparison of 51 different insurance companies, using four different driving profiles.
Toronto Driver Profiles Lowest Highest Difference
19 Years-Old, Clean Record $5,750 $15,551 $9,801
23 Yr-Old, 1 Ticket & Accident $2,051 $17,468 $15,417
2 Drivers -Old, Clean Record $1,763 $6,992 $5,229
70 Years-Old, Clean Record $970 $2,576 $1,606
Resource: Ontario Government, www.fsco.gov.on.ca
Using the highest and lowest rate found, there is a difference of more than $15,000 depending on your profile! But rest easy: If you visit sites like InsuranceHotline.com, you won't have to dual with any high-faulting' rates.
Take on Rascally Rates!
