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Ratehub.ca
How the upcoming recession will affect your home and auto clients
January 3, 2023 by Jason ContantWith a potential recession on the horizon, consumers will likely purchase fewer big-ticket items such as cars and homes. Of course, this also means a decrease in demand for the Canadian P&C insurance industry. “Cars can be seen as a…
What your snowbird clients need to know before they fly south
October 20, 2022 by Alyssa DiSabatinoSnowbirds flying south for the winter should heed that they need a policy that differs from a traditional travel policy, one expert says. They also must inform their broker that they’ll be on an extended trip, so they can update…
Will Ontario’s budget proposals actually reduce auto rates?
May 4, 2022 by Alyssa DiSabatinoTo reduce Ontario auto insurance rates substantially, fairer rating systems and offering usage-based insurance (UBI) may be most effective, says one industry observer. The Ontario government is proposing measures to reduce the cost of auto insurance. Among them, it is…
Pandemic prompts policyholders to shift purchasing behaviours
February 10, 2022 by Alyssa DiSabatinoThe pandemic’s prompted Canadians to spend more time researching and evaluating their insurance options online, according to a recent Ratehub.ca report. Ratehub.ca’s 2021 Digital Money Trends Report, looked at how Canadians interact and evaluate insurance policies and services, based on…
Car owners score poorly on auto insurance quiz
January 20, 2022 Canadian Underwriter StaffCanadians who have auto insurance really need to re-read the fine print on their policies, a recent survey found. A poll of more than 1,300 auto policy holders, conducted by rate comparison site Ratehub.ca, focused on 10 common misconceptions around…
More than half of polled Canadians keep their auto insurer for five years or longer
November 24, 2021 Philip PoradoA whopping 84% of Canadians have stayed with their auto insurer for two or more years and 58% have remained with the same company for more than five years, according to a Ratehub survey. What’s more 23% said they’ve stayed…
With 81% of polled Canadians yet to try UBI, brokers have opportunity to educate and sell
October 26, 2021 Canadian Underwriter StaffWhile usage-based insurance (UBI) has been around for nearly nine years in Canada, a new survey shows only 57% of Canadians have heard of UBI and 81% of those surveyed have not tried it – presenting an opportunity for brokers…
How well do your clients understand their auto insurance?
August 19, 2021 by Jason ContantIf your clients are taking a test on auto insurance, it’s likely they would barely pass, the results of a recent Ratehub.ca survey reveal. Rate comparison site Ratehub.ca reported last week the results of a poll of more than 1,300…