How to go about securing the best policy for your insurance in Canada.
Latest News
How much is insurance for a new driver? + MORE Mar 24th
You might believe that all you need to do to hit the open road is pass your driver’s test and put your keys in the ignition, right? Wrong. All drivers in Canada, including new ones, must also obtain auto insurance before they can legally drive. So, how much is insurance for a new driver? If you o.... More »
SimplyCash Preferred card from American Express review Jan 16th
If you’re looking for a card that will help you earn cash back on purchases, look no further than the SimplyCash Preferred Card from American Express. With a return of 4% cash back on gas and grocery purchases—and a flat 2% back on all other purchases—it is one of the best credit cards in Can.... More »
Canada’s Best Aeroplan Credit Cards + MORE Jun 20th
Canadians have been hotly anticipating information about the changes to Aeroplan and Aeroplan-branded credit cards since Air Canada acquired the loyalty program. The good news is that the changes are finalized, and we’ve got all the details about the best Aeroplan credit cards you can apply for.
U.... More »
Tontines in Canada: Moving from theory to practice as a solution to our retirement crisis Sep 29th
For years in his academic papers and some of his 17 published books, famed Canadian finance professor Moshe Milevsky described the history and theory behind a seemingly obscure retirement/longevity insurance structure known as the “tontine.”
Milevsky, who works at the Schulich School of Busi.... 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 »
Q3 Insurance Rates Drop in Ontario: FSCO Reports
– ratesupermarket.ca
Good news for drivers who need to renew their auto coverage: insurance providers lowered their premiums by an average of 0.5 per cent in Q3, reports FSCO.
The discount is part of the Ontario Liberals’ promise to reduce rates by a total of 15 per cent; while the initial July deadline to do that wasn’t met, they’re still striving for providers to steadily reduce their rates. It has been estimated that the measures will save drivers an average of $225 on their premiums.
As a result, insurance rates have dropped an average of 6.56 per cent across the province since July.
FSCO also announced regulatory changes that require all insurers to offer a discount for drivers who use snow tires. The discount will be applicable to all new and renewing policyholders as of January 1, 2016.
What Does This Mean for Drivers?
Auto insurance providers cutting their rates give drivers even more opportunity to shop around for the best deal. Remember, the rate cut is a province-wide average, meaning not every insurer has slashed their premiums; in fact, some have raised them…
Driving Records and Life Insurance
– life-insurance-quotes.ca
Did you know that a poor driving record can affect a life insurance application? Convictions like multiple speeding tickets, dangerous driving and DUI (Driving Under the Influence) can all be cause for higher premiums or outright declines by the insurer.
