This entry was posted on Tuesday, September 22nd, 2009 at 11:47 am and is filed under Ontario. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
September 22, 2009
Auto insurance cost in Ontario averages about $1278 per vehicle according to the recent industry information.
“If you have a nice clean driving record and you are being offered car insurance at an extremely reduced price, you are probably dealing with a car insurance scammer,” says Mark Yakabuski, Vice-President, Federal Affairs and Ontario, Insurance Bureau of Canada. Ask questions and get a number of price quotations. A low-ball price likely is not the deal it is cracked up to be. And, it will not seem like such a deal if you find out later that you have no car insurance coverage.
Check the source: Licensed agents and registered brokers
“Only licensed companies and representatives can sell car insurance in Ontario,” says Yakabuski. “If you have doubts about the person claiming to be a car insurance salesperson, find out whether if they are legitimate or not. Check with the Financial Services Commission of Ontario (for agents) or the Registered Insurance Brokers of Ontario (for brokers) to verify their status. If the so-called car insurance salespersons offering you a great deal on car insurance insists on meeting you at a coffee shop, you have to wonder whether if they are really legitimate or not.
Know someone who is driving without car insurance? Report insurance crime!
“Driving without car insurance is against the law. It is also unfair to law-abiding citizens who pay insurance premiums so that claims can get paid. If you are approached by someone selling phony car insurance or if you suspect someone of driving without car insurance, do not just be angry, be active. Pick up the phone and call 1-877-IBC-TIPS or go to IBC.ca to submit a confidential tip to IBC investigative services,” Yakabuski adds.
Need more info or advice? Consumer information is available at IBC
Insurance Bureau of Canada has knowledgeable consumer information officers available to answer your insurance questions at 1-800-289-2881 or 416 362-2031 (local Toronto), Monday to Friday, 8 am to 6 pm.
Insurance Bureau of Canada
Insurance Bureau of Canada is the national trade association of the private property and casualty insurance industry. It represents more than 90% of the non-government home, car and business insurance in Canada. To view news releases and information, visit the media section of IBC’s website at : www.ibc.ca.
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