Insurance increase in Ontario region........??


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RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 29-01-09 18:39:04

Hi all,

today i got renewal notice from my insurance company and they increased my auto and home insurance by 10%.

Company replied, they increased for all the policy holder. I asked one or two friends they have similiar experience with their company also.

How about you guys? any idea feed back..

Regards



viggy   
Member since: Aug 07
Posts: 569
Location:

Post ID: #PID Posted on: 30-01-09 11:30:25

My home went up by 7%.. Auto is the same. But can't get a cheaper quote from any leading insurers... :-(



akscanada   
Member since: Jun 07
Posts: 227
Location: GTA, ONTATIO, CANADA

Post ID: #PID Posted on: 01-02-09 13:31:04

Auto / Home Rates will go up in your next renewal.
This is for all Insurance Companies.

State Farm had the lowest increase among all companies.



i_luv_canada   
Member since: Nov 08
Posts: 46
Location:

Post ID: #PID Posted on: 01-02-09 17:47:41

I was the first one who posted as regards the increases.

There is a way to get it down. Shop around for an Insurance Broker (they have schemes where they are able to give you a good rate because of strength of numbers contract with that company)

I got an Insurance quote from a Broker, went back to my SF insurance company and they agreed to match !!!

End of story !!


-----------------------------------------------------------------
When the going gets tough, the tough gets going!!!


RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 02-02-09 12:43:12

Thanks for all reply,

I have insurance through my CAA broker, They search for me around and replied all the company is going to increase the price.

if anyone have good Insurance broker? if possible can you give me a contact info so i can shop in market before my renewal.

thanks





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