How to deal with the rising costs of auto insurance due to car theft Apr 17th

How to go about securing the best policy for your insurance in Canada.

Latest News

Canadian Dental Care Plan news: Coverage expanding on May 1 Apr 26th

How to apply for the Canadian Dental Care Plan Starting on May 1, the Canadian Dental Care Plan (CDCP)—a federal program designed to make dental care more affordable for those Canadians without access to dental insurance—will be open to more age groups. Here’s when you can apply fo.... More »

Canadians are quietly overspending on convenience May 24th

There is no doubt that life has become expensive. Everywhere you look, prices are rising: gas, groceries, restaurants, insurance. Everyday essentials that once felt manageable now seem to demand a small emotional recovery period every time you tap your debit or credit card. If it’s not rising p.... More »

The best travel credit cards in Canada for 2025 May 8th

To be one of the best travel credit cards in Canada on our list, the card must combine strong earn rates with perks like lounge access, no foreign transaction fees and travel insurance coverage. We’ve compiled this list of the top cards in this category to help you get started. Best travel cred.... More »

Unlocking the Annuity Puzzle: Why Canadians avoid what seems to be the perfect retirement vehicle Dec 19th

The Annuity Puzzle is about a curious phenomenon in Canada: while life annuities sold by insurance companies seem to have all sorts of compelling reasons to acquire them, more often than not, retirees shun them. Financial planner Robb Engen recently tackled this puzzle in his Boome.... More »

How to deal with the rising costs of auto insurance due to car theft

– moneysense.ca

Looking for a break on car insurance premiums is often top of mind for drivers. And finding ways to reduce that figure is especially important now, when rampant thefts have led to higher insurance costs.

How to lower the cost of auto insurance and prevent car theft

Experts say installing a tracking device and parking in a garage are among the actions that could help lower insurance costs.

Generally, a whole host of factors determine insurance premiums—driving history, type of vehicle and location, among others, said Matt Hands, vice-president of insurance at rate comparison website Ratehub.ca (Ratehub and MoneySense are both owned by Ratehub Inc). But as car thefts rise, he added, some car owners are likely to see an insurance surcharge.

“When you see the price as a consumer, you might go: ‘Oh, wow, that’s quite expensive’,” he said. “A good broker is going to walk you through why it’s the price and is largely out of their control.”

Compare personalized quotes from Canada’s top car insurance providers…

Continue Reading On moneysense.ca »

Banks.ca constantly finds the best and most current Insurance information available in Canada.

Share