This survey result raises a vital question. No, not: ?What were the 55 per cent that didn't choose Paris Hilton thinking?!? but?
Did you know that when you lend your car, you also lend your insurance?
When a friend wants the keys to your car, how often do you hear the question, ?Can I borrow your car insurance?? Not often. But that's exactly the question that should be asked! Did you know that if your friend is involved in an at-fault accident , it's your insurance rate that goes up? And that's not the worst news. It takes nearly six years for your insurance rate to shake off the effects of an accident!
Accidents happen: So what should you do if one happens to you?
It is critical to periodically check your rate. As the accident fades from memory, your rate should also decrease. When it's time to renew, you need to shop around. I compared the rates of 30 insurance companies on InsuranceHotline.com using a driver with one accident on their driving record. Take a look:
Driving Record Low High Difference
1 Accident $2,793 $6,903 $4,110
As you can see, the quotes vary significantly ? with a price difference of more than $4,100.
No matter who was behind the wheel ? you deserve to be on the insurance A-List! Don't have a head on collision with your pocket book when it comes to your insurance rate.
No matter what your driving record, to check out rates go to a site such as InsuranceHotline, enter your driving information, and receive a free, instant quote with the lowest rates from the top 30 Canadian insurance companies.
