TORONTO, April 27, 2021 ?? As Ontarians grapple with the economic fallout of a third COVID-19 county-wide lockdown, new data from RATESDOTCA suggests that 77 percent of them may be leaving more than $ 700 in annual auto insurance on the table. Interestingly, the survey revealed that fewer drivers in Ontario shop around for mandatory auto insurance than for major voluntary expenses such as cell phone or internet services, despite the greater dollar savings made by insuring the best insurance rates.
“It is alarming to see more than 1.4 million drivers in Ontario feel it is too much of a hassle to switch or that it never occurred to them, even though the amount they can save is equivalent to what an average family of three spend on groceries per month *, ”said Jameson Berkow, editor-in-chief of RATESDOTCA.“ And that the majority of Ontario drivers surveyed say they don’t shop around for auto insurance, suggests there is a real lack of awareness about the ease with which this can be done and the options and resources available. “
The research showed:
Saved less than $ 40 / month. Saved $ 40 + / month
Auto insurance 38 percent 56 percent
Home insurance 52 percent 35 percent
Mobile phone 62 percent 37 percent
Internet 52 percent 47 percent
It’s time for drivers to seriously consider the many options available to lower their insurance rates:
To view the full study results, visit RATESDOTCA.
* According to Canada’s Food Price Report 2021
** Ontario shoppers who were quoted on RATESDOTCA and transacted through our contact center from August to December 2020 saved an average of $ 676. third lowest listed premiums generated by RATESDOTCA.
About the research
An online survey of 1,000 Ontario residents was conducted by Leger from March 19-21, 2021, using the Leger online panel. The age of the sample ranged from 18 to 55+ years. The margin of error for this study is +/- 3.1%, 19 times out of 20.
About PRICES ENDOTCA
RATES DOTCA is Canada’s leading rate comparison website that provides a quick and easy digital experience to compare the widest selection of insurance and cash products on the market. More than 8 million Canadians rely on PRICE DOTCA every year to get a better rate on auto, home and travel insurance, mortgages and credit cards. PRICES ENDOTCA is designed to help Canadians make better insurance and money decisions so they can save time and money to spend on what really matters to them. @RATESDOTCA
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