The Most Affordable Car Insurance Not Always the Answer Reports Shop Insurance Canada

April 23, 2016 – Ontario is home to the most expensive auto insurance premiums in Canada, but getting the best deal possible does not always mean taking the most affordable coverage, reports Shop Insurance Canada. The average price of auto coverage in the country's most populated province sits at over $1,500, and while the government is working to reduce premiums, the cost to insure a car in Ontario is prohibitive.

However, while working to find the best possible price is advisable, customers should avoid just opting for the cheapest option. If the price is too good to be true, then it probably is. Leading insurance providers will not sell their coverage on price alone, but will instead discuss policy points and how the protection offers value for money.

There are ways to get the most coverage for your money, but a policy offered based on affordability alone can turn into more of a hassle and could actually end up costing more.

Losing Coverage
If an auto insurance policy is considerably cheaper than the competition, chances are it sacrifices coverage to be able to be so affordable. Cheaper insurance will likely mean some policy benefits are missing, such as a higher liability. This means customers will have to pay more if they have to make a claim that is above their liability coverage, leaving customers unable to pay what they owe through their insurance.

Fraud
If the price of car insurance is very low, then customers should consider if the coverage is from a reputable provider. Fraud is common in Ontario and an easy way to lure unsuspecting victims is to offer auto insurance at a price that seems too good to be true. If coverage cost is 30% or cheaper compared to other providers, then something is probably wrong.

Another clear sign of fraud is a company that is really forceful in trying to get customers to pay for coverage, typically by saying that the affordable deal is only for a limited time. Also if a broker is unable to provide concrete contact information, or becomes absent after a policy is purchased, then chances is are it was a fraudulent product.

The good news is, while customers should be vigilant against auto insurance deals that seem too good to be true, there are still very good deals available. Finding a compromise between getting a robust policy that protects against most scenarios and affordability is possible. Shopping around can help customers find the best deals, while doing due diligence on insurance providers can help avoid fraudulent coverage.

About Shop Insurance Canada
Shop Insurance Canada is a Toronto based company that specializes in delivering the best auto insurance products to customers around Ontario and Canada. The online auto insurance quoting tool uses an engine that is easy to use and accurate enough to deliver the best auto insurance quotes from over 25 of Canada's leading providers. Shop Insurance Canada also offers expert advice on the auto insurance industry, as well as guides and news to help customers find the best deal possible.

Shop Insurance Canada
1003-60 Bathrust St.
Toronto, Ontario
M5V 2P4 Canada
(416) 913-0151