Picture yourself in a new car. Wind whipping through your hair as you race down the winding, curvy road. Bruce Springsteen's ?Pink Cadillac? is pumping in the background and you feel like you're in a commercial.. You are so cool. And then you come to a screeching halt. It's going to cost too much. The payments! The gas bills! The insurance!



In your wildest, most fantastic dreams, could you ever have imagined that what you're currently paying for car insurance could land you a new car? Read on.

At some online insurance sites you can compare your current car insurance rates with competing companies, and there's a good chance you'll find a much lower rate. The difference could be enough that the next time you leave your house you'll be on your way to lease a new car!.

We surveyed more than 5,000 people and asked: Is fear of higher insurance rates influencing your decision to buy a new car?

Selection - Based on 5,096 replies:

Yes 3,838 (75%)

No 1,258 (25%)

A staggering 75% of respondents said "yes"!

Is this concern justified? Or is there something much more sinister at work in your subconscious? Could it be an irrational fear of high insurance rates?

Brand new car or mom's hand-me down: Checking out rates for a new car isn't something to fear. In fact, it could save you money! The lowest rate possible on a brand new car could be cheaper than what you are currently paying for your older car. If you don't shop around?you'll never know! The key is to get the best rate possible, and you can do that online.

Getting quotes from the top 30 insurance companies in Canada, we compared the insurance rates between a new car and an older model of that same car.

Newer Vehicle Insurance Rates VS Older Vehicle Insurance Rates

Year Vehicle Low High

2008 Pontiac Grand Prix 4DR $1,395 $4,924

2001 Pontiac Grand Prix 4DR $1,609 $4,698

In this case the older vehicle is more expensive to insure by $214.

Still not sure? Repeat this insurance affirmation: ?I am working towards change. I am open to new possibilities. I deserve the lowest car insurance rate possible.?

Remove the roadblocks to happiness! Simply go to a site such as www.InsuranceHotline.com and enter in your driving information, and receive an instant quote with the lowest rates from 30 top Canadian insurance companies.