More ways to save on your Auto Insurance

Actually, let me clarify that title – really it should read "More ways to save on ALL types of insurance" but I got to know about this website through their auto insurance comparisons. If you have 5 free minutes I STRONGLY suggest checking out what the going rates are for insurance coverage on your vehicle – it’s fun to see the results and you might end up saving some money – I saved $1200 year!

CarMuscleBlue.jpgAll you have to do is enter a bunch of data on age, where you live, type of car, etc. and then the website will access online calculators from a whack of different insurance providers and provide you with a very good idea as to what the costs will be at the other insurers.  To be accurate, you really should pull out a copy of your insurance policy which lists how much your deductibles are, and the specifics of your coverage so that you can compare apples to apples.

The site even provides information on the financial health of the insurer – but you should do your own due diligence with respect to finding out each company’s (and your own company’s) "resistance to claims" which is another way of asking how vigilantly do they argue against you when you make a claim.  Some insurers charge more, but if they have a tendency to accept more claims without a fight, it might be worth taking into consideration… 

In Canada:

In the U.S.:

Happy bargain hunting! 

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Preet Banerjee
Preet Banerjee an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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  • Nora

    Thanks for this information on saving money on insurance – something we all want to do!
    However, when I tried to navigate to the US site, I am continually re-directed to the Canadian one. Is there indeed a US component to Kanetix?

  • Preet

    Hi Nora – thanks for the comment. I just tried the link to the US site and found that it works fine. It might have something to do with your browser settings – but this is over my head – I know that if I try to go to it forces me to

    But I just tried the kanetix us site with a us zip code (90210 – it’s the only one I know!) and it works fine.

    If anyone else can weigh in on this – it would be much appreciated…