Blog Archives

Car Insurance in Alberta – Top Media Stories, Spring 2017

Here are two summaries of top Alberta Car Insurance stories that were published in March and May 2017 in Canadian media outlets:

  • CBC News Edmonton: Insurance company offers $5,500 for truck appraised at more than $40,000 (click to scroll to the story summary)
  • Simcoe Reformer: Changes to benefit entitlement in 2016 adds to family’s struggle after man seriously injured in crash (click to scroll to the story summary)

Insurance Company Offers $5,500 for Truck Appraised at more Than $40,000: Summary

May 2017,

Read more ›

Posted in Auto Insurance


Cheap Car Insurance – 7 Things to Know if You Are New to Canada

Something that is quite straight forward for Canadians often turns out to be more complicated for those who are new to Canada. Searching for auto insurance and getting a cheap car insurance policy is one such issue, but we are here to help. Here are some questions you need to answer and steps you need to take to get cheap car insurance if you are new to Canada.

Read more ›

Posted in Auto Insurance


111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Home Insurance, Life Insurance


Ontario Car Insurance – Will the Premiums Climb Up in 2017?

car-insurance-rates

Ontario car insurance rates are still by far the highest across Canada. This publication looks, in detail, at these rates and scrutinizes the recent approval of rate changes by the Financial Services Commission of Ontario (FSCO) to understand what consumers can expect in future.

We also look at several possible scenarios how car insurance rates can develop in 2017.

Read more ›

Posted in Auto Insurance


Weekly InsurEye Digest: ON Car Insurance Rates and more

Insurance was a hot topic across several news as social media channels last week, from news about auto insurance rates in Ontario to discussions about drone insurance and reports about flooding and storms. So let’s start…

Ontario has the highest auto insurance rates, with Brampton topping the list

car-insurance-rates-on-week-43
As Canadian insurance comparison platform Kanetix reported,

Read more ›

Posted in Auto Insurance


Car Insurance in Alberta – Rates Average $1,430 Per Year

Many publications are focused on Ontario’s high car insurance rates, so that’s why we decided to take a look at car insurance premiums in Alberta and provide more transparency about this topic, and how auto insurance quotes differ selected several Canadian provinces.

Car Insurance Rates in Alberta are 25% Lower than in Ontario

Analysis of data in our database indicates that Albertans pay,

Read more ›

Posted in Auto Insurance


Insurance Companies in Canada – Who Owns Whom

Insurance Companies in Canada - Property and Casualty - Who owns Whom

Here you can download this infographic as a PDF.

The variety of insurance companies in Canada is not what it appears to be in the Canadian market.

Read more ›

Posted in Auto Insurance


Cheap Uber Insurance Has Arrived – What You Must Know

uber insurance

In the last few months there were many heated discussions and arguments about Uber’s ride-sharing services. Apart from the emotional side that Uber drivers put pressure on cab businesses, there was an issue with insurance that had not been properly resolved – what kind of insurance do Uber drivers need and what should it cover?

Read more ›

Posted in Auto Insurance
Tags:

Car Insurance in Alberta | Exclusive Insights into Insurance Rates

There is a lot of information available about car insurance rates in Ontario and how they are the highest in the country. That’s true — according to our own database of insurance rates, on average Ontario drivers pay $160 per month for their car insurance.

car insurance alberta - monthly rates

How does car insurance in Alberta compare to Ontario in terms of insurance premiums?

Read more ›

Posted in Auto Insurance


41 Ways to Reduce Your Auto Insurance Rates

Saving on Car Insurance

Looking for that new car? That means looking for insurance, too. When it comes to insurance, auto insurance is often the most expensive. Ontario drivers pay, on average, $1,917 a year on car insurance. BC drivers pay close to $1,429 per year,

Read more ›

Posted in Auto Insurance


Does Your Commercial Truck Insurance Policy Protect You Against These 10 Risks?

commercial truck insurance policyBusiness is trucking along in Canada’s road transportation industry. According to Todays Trucking online magazine, by April 2015, North American truckers ordered over 24,000 Class 8 units (i.e. heavy trucks); and while that number was not as strong as last year’s sales, it was due to a backlog of unbuilt orders.

Read more ›

Posted in Auto Insurance, Business Insurance


Car Insurance Deductible: One Major Mistake You Can Avoid

Car insurance is a legal requirement of car ownership, so if you own a car, you are familiar with the word “deductible”; but what is exactly is a car insurance deductible and how can it affect your insurance premium?

Your Car Insurance Deductible Explained

car insurance deductibleSimply put, your deductible is what you pay out-of-pocket when you make a claim.

Read more ›

Posted in Auto Insurance


Car Insurance in Nova Scotia – Average Costs is $1,093

Car Insurance Nova Scotia smallHave you ever noticed how most publications often choose to focus on only the larger provinces, such as Ontario, Quebec, and Alberta, leaving out smaller provinces entirely? It happens all the time, but today we decided to close this gap and provide insight into car insurance in Nova Scotia.

Read more ›

Posted in Auto Insurance


Alberta Car Insurance Costs Canadians on Average $122/month

Alberta car insurance

It’s well-known that auto insurance premiums in Ontario are the highest in Canada, and this is because of a number of factors such as the quality of roads, high claims costs, high theft rate, etc. But how does Alberta car insurance costs stack up in comparison?

Well,

Read more ›

Posted in Auto Insurance


Uber Insurance in Canada – What You Should Know About It

uber-insurance-canadaUber ride-sharing services have arrived in Canada.  They are currently being used across the country in several major cities, including Halifax, Hamilton, Kitchener-Waterloo, London Ontario, Montreal, Ottawa, Quebec City, and Toronto.  Ride sharing contains many benefits, but it can also make things—like insurance—seem a little complicated.  Here’s what you need to know about Uber insurance in Canada.

Read more ›

Posted in Auto Insurance


Average Car Insurance rates in Ontario – $1,920 per year

average car insurance rates in OntarioWithout a doubt, car insurance rates represent the highest insurance cost for Canadians. Car insurance cost is significantly higher than the cost of house insurance, and it’s even higher than most life or health insurance premiums. However, car insurance rates vary significantly across Canada. For example, the average car insurance rates in Ontario are $1,920 per year,

Read more ›

Posted in Auto Insurance


Cheap Auto Insurance: Periodic Table of Insurance Savings

Cheap Auto Insurance Periodic Table of Insurance SavingsWe created this periodic table so you have a handy reference for all possible savings opportunities, discounts and tips for buying car insurance. You can download a PDF version of the infographic Cheap Auto Insurance – Periodic Table of Insurance Savings here

Cheap Auto Insurance Ideas: Driver Profile

The first category relates to the driver profile and includes eight saving elements.

Read more ›

Posted in Auto Insurance


What Determines Your Motorcycle Insurance Rates – 6 Main Factors.

Motorcycle insurance rates can be extremely high, mostly due to the increased injury and fatality rate associated with motorcycles compared to cars.

The fatality rate for motorcycles is much higher than regular passenger vehicles, according to Transport Canada: in 2013, while the percentage of motorcycles on Canada’s roads was just under three per cent,

Read more ›

Posted in Auto Insurance


Classic Car Insurance: What You Should Know About It

Classic Car InsuranceFrom the polished rims, the gleaming dashboard and the spotless interior, it’s a welcome treat to watch owners beaming and gushing as they show off their prized classic car.

Many classic car owners extend that degree of care to choosing the right insurance service provider for their revered automobile.

Read more ›

Posted in Auto Insurance


Dash Cam in Your Car: Insurance Benefits Today and Tomorrow

Dash Cam and Car InsuranceA dashboard cam is a camera that is placed on your windshield or dashboard and is continuously recording everything that happens while you are driving the car. More advanced version of the cameras can also record rear views; some are equipped with infra-red sensors to enable recordings in the dark too. 

Read more ›

Posted in Auto Insurance


101 Insurance Tips to Save on Insurance | Cheap Car Insurance

Save on Insurance, IntroThere are many articles titled “10 ways to save on Home insurance” or “5 Tips to lower your auto insurance costs” etc, but would it not be great to have all those saving tricks and discounts at one place? We created such a list and divided it into two parts: The first one reflects general techniques to lower insurer costs and the second provides you with various saving tips depending on the type of insurance (Home,

Read more ›

Posted in Auto Insurance, Health Insurance, Home Insurance, Life Insurance


High Risk Auto Insurance in Canada: Everything You Need to Know

There is a special category of insurance called high-risk auto insurance. This article was prepared using expertise of a certified auto insurance broker to inform Canadian drivers about this topic. We will discuss who is considered a high-risk driver, what premiums they pay, what companies offers insurance for “dangerous” drivers,

Read more ›

Posted in Auto Insurance


Auto Insurance In Nova Scotia: Drivers Pay $1,100 per Year On Average

Auto Insurance in Nova ScotiaCanadian company InsurEye, has launched an Insurance Price Comparison tool for consumers in Nova Scotia to compare auto insurance. This tool has gathered some initial results regarding auto insurance prices in Nova Scotia. The outcome shows that the average auto insurance premium in Nova Scotia is $91 per month (~$1,100 annually).

Read more ›

Posted in Auto Insurance


3 Auto Insurance Fraud Scenarios – What Every Person Should Know

Auto Insurance Fraud in Canada InsurEye Infographic

3 Various Scenarios for Organized Auto Insurance Fraud

Many Canadians are not even aware that there are many ways that you can become a victim of organized insurance fraud. It can result in huge insurance claim costs paid by your insurer and consequently, your premiums going up.

Read more ›

Posted in Auto Insurance


Infographic: Find Insurance in Canada Wisely – Use Insurance Reviews

Infographic Insurance Reviews and Consumer

Reading Insurance Consumer Reviews will help you to make well informed decision regarding Auto, Home or Life Insurance.

Consumers Use Online Reviews for Everything but Insurance

Today’s smart consumers use online reviews for almost everything: travel, books, computers, restaurants, household items, and more.

Read more ›

Posted in Auto Insurance, Home Insurance, Life Insurance


15% Lower Auto Insurance Premiums for Older Drivers

Auto Insurance Premiums and AgeThere are many aspects that impact your auto insurance rates, and age is one of them. Common sense dictates that young, less experienced drivers tend to have more accidents and pay more in insurance premiums.  But just how much more?
We dug deeper into this matter and found that,

Read more ›

Posted in Auto Insurance


Top Six Issues Canadians Have with Their Auto, Home and Life Insurers

Unhappy Insurance CustomersInsurance is an essential part of life since it protects our main assets: cars, dwellings, life etc. But how do consumers feel about insurance?  What do consumers like and dislike about their insurance providers?  How do insurance companies measure up when it comes to service, value, and claims experience?

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance, Home Insurance, Life Insurance


How Much Do Canadians Really Spend on Insurance

Infographic Insurance Spend in Canada

In a recent insurance spending study based on Canadian consumer experience, InsurEye found that an average Canadian consumer spends $3,100 annually on insurance (it includes three major insurance types such a Home, Auto and Life insurance but does not include other smaller insurance policies such as e.g.

Read more ›

Posted in Auto Insurance, Home Insurance, Life Insurance


8 Aspects Canadian Consumers Value in Insurers

Candian Consumers Value in InsuranceWhat aspects do consumers appreciate most of all in insurance companies? Each consumer has unique expectations, but overall there are commonalities. InsurEye has conducted a study analyzing over 600 independent consumer reviews to understand what consumers value the most in their insurance providers. The top feature by far is “Fast claim processing”.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance, Home Insurance, Life Insurance


Ranking of Auto Insurance Products in Canada: Consumer Study

Consumer Study approach explained

Consumer-Study-Auto-InsuranceIndependent Canadian company InsurEye performed a consumer satisfaction comparison of auto insurance companies based on independent consumer reviews from InsurEye’s Customer Experience platform. Consumer insurance reviews cover most auto insurers and their products across the country.

InsurEye Co-Founder Dmitry Mityagin stated: “We plan to conduct such studies on a regular basis so that consumers can stay on top of the current insurance market and make the most informed decisions.”
Ranking of each company reflects weighted and aggregated customer ratings across three main criteria:

Customer Experience

Read more ›

Posted in Auto Insurance


Study: BC is Home to Canada’s Most Unhappy Auto Insurance Customers

Auto Insurance Attitude in CanadaAuto insurance isn’t everyone’s favourite monthly expense, but just how do Canadians feel about the subject? Canadian company InsurEye has completed an car insurance consumer satisfaction survey to answer the question:  “How do Canadians feel about car insurance and which provinces have the most critical consumer perspective?”

Read more ›

Posted in Auto Insurance


Insurance Companies, Reviewed by You – The First Platform in Canada

Insurance ReviewsA new online, independent, consumer-driven insurance review tool is making its debut today, a Canadian first.  The InsurEye Customer Experience is an innovative service that equips Canadians with independent consumer insurance reviews for all main insurance types (Home, Auto, and Life including its derivatives such as Disability Insurance,

Read more ›

Posted in Auto Insurance, Home Insurance, Life Insurance


Innovative Insurance IT Services: Tapping into Social Circles

Insurance is not considered to be an extremely innovative or exciting industry, and with reason. No one wants to be confronted with unexpected surprises when it comes to our protection. Being conservative in the insurance world is not bad, because less risk is a good thing.

Nevertheless, the world is not standing still.

Read more ›

Posted in Auto Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance, Home Insurance, Life Insurance


What is the Insurance Price Tag on a Bad Driving Record

Bad DrivingWhen you get an auto insurance quote, many criteria are taken into consideration.  Your age, the value of the vehicle, and your driving experience are just a few factors that affect your risk on the road.  But it’s also your driving record that strongly impacts auto insurance premiums.

Read more ›

Posted in Auto Insurance


Canadians Spend Average of $3,100 per Year for Insurance

Annual Spend for InsuranceInsurance means a lot of money for consumers, especially if they own several assets (auto insurance, home insurance) and want to protect their loved ones (life insurance). But what exactly does it mean in terms of dollars? Our proprietary research discovered that,

Read more ›

Posted in Auto Insurance, Home Insurance, Life Insurance


The Truth about Differences in Insurance Rates for Men and Women

 
There are many rumors about the differences in insurance premiums for men and women. We have analyzed insurance premiums of Canadians across the four most populated provinces. The outcome was quite clear across all major insurance types: Home, Auto, Life. On average, women in Canada pay 5% less than men for Auto insurance,

Read more ›

Posted in Auto Insurance, Home Insurance, Life Insurance


Top 5 Innovative IT Insurance Services

While insurance is not known as an extremely innovative or exciting industry, new technology has created a platform for a number of exciting insurance information technology (IT) services for both consumers and insurance providers. Here we provide an overview of the top 5 innovative IT insurance services.

#1: Pay as You Drive

IT Insurance Innovation 1Pay-as-you-drive insurance calculates premiums according to an individual’s driving profile,

Read more ›

Posted in Auto Insurance, Home Insurance


InsurEye Peer Comparison for Canadian Consumers Goes Live

InsurEye Peer Comparison ToolInsurEye Inc. is now live with its new innovative online service for Canadian consumers – Insurance Peer Comparison. This service shows users how their insurance spending compares to their peers. Insurance quotes can vary not just by 20%, but by 200% or more. Knowing what peers pay allows consumers to make informed buying decisions and discover providers with the best prices for their segment.

Read more ›

Posted in Auto Insurance, Home Insurance, Life Insurance