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Where private auto insurance rates are rising the fastest in Canada

July 31, 2018 by Jason Contant

Ontario’s premium rates are rising the fastest among Canada’s private passenger auto insurance regimes, according to the Q2 2018 Auto Insurance Price Index from LowestRates.ca. A measure of only private passenger auto insurance regimes in Canada, the index from the

News InsuranceMarkets / CoveragesTechnology

Here’s one way that lower auto insurance rates could increase profits

May 24, 2018 by Greg Meckbach

With new technology-driven auto insurance on the horizon, some motorists will drive less and buy insurance from carriers who target low-mileage vehicles, the founder of a comparison shopping provider suggests. Several Ontario auto insurers will probably launch products similar to

News InsuranceMarkets / CoveragesTechnology

Brokers succeeding with chatbots, refund portals, text messaging: InsurTechTO panel

November 8, 2017 Greg Meckbach, Associate Editor

Brokerages looking to expand should be prepared to invest in technology and think differently, but innovation does not necessarily require a huge investment, speakers suggested Monday during InsurTechTO. “Know what you want to be and how you want to get

News Earnings / RatingsInsuranceMarkets / Coverages

Auto insurance rates dropping in Ontario, but increasing in Alberta: LowestRates.ca

October 30, 2017 Jason Contant, Online Editor

A newly launched Auto Insurance Price Index from comparison site LowestRates.ca has found that auto insurance rates are dropping in Ontario, but rising in Alberta. Released on Monday, the index report tracks the average cost of consumer auto insurance on

News InsuranceMarkets / CoveragesProducts

Many polled Canadians aren’t researching options before buying financial products: LowestRates.ca survey

August 16, 2017 by Canadian Underwriter

While Canadians may head online to compare prices on flights or when booking a hotel, most aren’t researching their options before buying financial products, according to a new survey from comparison site LowestRates.ca. The online survey, conducted last month by

News InsuranceMarkets / CoveragesMergers and Aqcuisitions

Canadians “greatly overestimate” their financial literacy skills, including those related to auto insurance: survey

June 27, 2017 by Canadian Underwriter

More than two-thirds (67%) of polled Canadians responded incorrectly when asked if an expensive car always costs more to insure that a cheaper car, according to a new survey on Canadians’ financial literacy. Commissioned by Toronto-based LowestRates.ca, which provides a