Published on 01.24.19
Common Reasons Canadians Switch Auto Insurance Companies
There are a number of reasons why Canadians switch auto insurance companies. The top reason (and probably the most common insurance related conversation consumers have with each other) is because they have found a company with cheaper rates.
People love to compare insurance rates. Many consumers get information from conversations with other consumers, which can lead to a game of broken telephone where the information can get misconstrued.
Having a casual conversation with your friends about your insurance policy may not be the most fruitful thing to do; unless you both know the details of your policy, you’re probably not comparing apples to apples. It’s important that you know the facts about your own insurance policy and the details from other companies when you’re pricing out a new auto insurance policy.
Switching Auto Insurance Companies
Along with cost, there are some common reasons why people choose to switch insurance companies for their auto insurance…
Rates Have Become Unaffordable
You need auto insurance to drive, which means you need a policy to get to work, to get groceries, and to carry on with your life’s activities. If your rate is becoming unaffordable, it’s time to see what else is out there.
Adding Drivers To The Policy
There comes a time when your children grow up and it’s time to get behind the wheel. As the number of drivers in your household grows, your auto insurance policy will have to be adjusted. Sometimes a different company can offer a better policy for your situation.
Moving to a new province or city can impact your auto insurance policy rate. As soon as you know you are moving, you will have to inform your insurance provider of your new address and you may find your rate will change. It’s common for people to look at other insurance companies at this time, especially if your existing policy is not available in your new location.
Bad Customer Service Experience
A terrible customer service experience can leave a bad taste in your mouth. These bad experiences have been known to drive consumers away from certain companies.
Group Savings on Auto Insurance
If your motive for switching insurance companies is cost, we have just the solution for you. Our model uses group purchasing power to generate upfront savings on premiums, deductibles and again when it’s time to renew your policy.