Introduction to auto insurance quotes in Canada
Your auto insurance is there to protect you against financial loss if you are in an accident. Your auto insurance is, essentially, a contract between you and your insurance company. You pay a premium, and in return, the insurer agrees to pay for any losses as they are defined in your car insurance policy.
Auto insurance and the law
In Canada, it is the law to have auto insurance. Your car insurance is valid anywhere in Canada and the United States. It’s a good idea to take your proof of car insurance with you whenever you drive because you must produce it if a police officer requests. If you are found driving without valid auto insurance, you can have your driver’s licence suspended and your vehicle impounded.
In Canada, each province and territory establishes their own required minimum insurance coverage. However, you often can get options that go beyond the basics. One of the nice things about insurance is that you can modify your policy to make certain that you’ve got the exact protection you require, without paying for extra insurance you may not need.
The law does not require that you get car insurance to cover physical damages to your automobile. However, if you have a newer automobile you’ll want to protect your investment and consider purchasing Collision and Comprehensive coverage.
What does auto insurance cover?
Your auto insurance generally provides property, liability and medical coverage:
* Property coverage pays for damage or theft of your car.
* Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
* Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
Introduction to travel insurance for Canadians
Your bags are packed, you’re ready to go. Months of saving and arranging have gone into your dream trip. Then it happens - every traveller’s worst nightmare - you break a leg, and you’re far, far away from home.
Mar 28, 2009
Mar 24, 2009
COMPARE CAR INSURANCE QUOTES
Find the lowest auto insurance quote available from over 30 insurance companies – instantly, and for free.
Get an insurance quote NOW and see how much you could save today.
Providing quotes for Canadian car insurance and auto insurance in Ontario, Alberta, New Brunswick, Nova Scotia, Newfoundland and Prince Edward Island.
InsuranceHotline.com is Canada’s largest online, independent insurance quoting service for the lowest insurance rates. Since 1994, we have helped millions of Canadians get quotes from competing insurance companies, compare rates and save money on car insurance, auto insurance, home insurance, condo or tenant insurance, motorcycle insurance, life insurance, and commercial insurance.
Our online comparison car insurance quoting service helps drivers find the lowest rate on their car insurance by comparing rates from over 30 insurance companies. Quotes are available for drivers all across Canada including Ontario, Alberta, Nova Scotia, New Brunswick, and Prince Edward Island, as well as the United States.
Compare insurance rates and see how much you can save by getting an online quote today. InsuranceHotline.com is fast, safe, and best of all, it’s FREE.
InsuranceHotline.com does not sell insurance, is not a broker or agent, and is not owned in part or in whole by an insurance company, agent or brokerage. We simply run your driving profile against the same database used by most insurance brokers. The important difference is that we get quotes from over 30 of the top insurance companies in Canada to ensure you are connected with a licensed insurance professional participating in our service that can provide you with the lowest rate available...guaranteed.
InsuranceHotline.com is a partnership between Star Media Group, led by the Toronto Star, Canada’s largest daily newspaper, and Metroland Media Group Ltd, publishers of over 100 community and daily newspapers.
Mar 17, 2009
Mar 15, 2009
Cash Structured Settlements - Advantages
Structured settlement payout is a source of comfort to those who have been awarded compensation in torts. The defendant or his insurer has to make payments of certain amount of money to victims of personal injury, worker\'s compensation or medical malpractice lawsuits. The structured settlement ensures that the victim has a steady and secure source of income for his entire lifetime or for a certain period.
Cashing In The Structured SettlementThe structured settlement payout may satisfy some people but there are some others who are unhappy to receive modest payouts at regular intervals and would rather receive a lump sum payout. They begin to seriously consider selling their settlement.The most important factor to be considered while deciding to accept money for structured settlement is tax implication. The settlements are tax-free where as lump sum payouts that are invested may have tax liabilities. You need to consult an attorney and find out if it is possible to sell your settlement. They must be free from legal and contractual restrictions. Consulting with qualified experts will help you identify other means to solve your problems. They may also guide you in finding the right buyer and in securing the right price. Consider your needs and determine if you wish to sell in full or sell part of your settlement to fund the financial emergency.You need to be exactly sure of how many payments are due and the total sum of the structured settlement payout. You can use a broker to find the right buyer or get online and get free quotes from various buyers. The structured settlement transfer procedure begins after you have signed an agreement with the buyer. In a matter of a few months you will receive the structured settlement payout subject to court approval.After receiving the payout selling it may seem like an easy job compared to how you will secure the funds. You will be able to lead a comfortable life if you invested the funds prudently. Selling the structured settlement can open up a whole world of opportunities that can change your life forever. Take your time, select a good buyer and get a good price for your structured settlement.
Cashing In The Structured SettlementThe structured settlement payout may satisfy some people but there are some others who are unhappy to receive modest payouts at regular intervals and would rather receive a lump sum payout. They begin to seriously consider selling their settlement.The most important factor to be considered while deciding to accept money for structured settlement is tax implication. The settlements are tax-free where as lump sum payouts that are invested may have tax liabilities. You need to consult an attorney and find out if it is possible to sell your settlement. They must be free from legal and contractual restrictions. Consulting with qualified experts will help you identify other means to solve your problems. They may also guide you in finding the right buyer and in securing the right price. Consider your needs and determine if you wish to sell in full or sell part of your settlement to fund the financial emergency.You need to be exactly sure of how many payments are due and the total sum of the structured settlement payout. You can use a broker to find the right buyer or get online and get free quotes from various buyers. The structured settlement transfer procedure begins after you have signed an agreement with the buyer. In a matter of a few months you will receive the structured settlement payout subject to court approval.After receiving the payout selling it may seem like an easy job compared to how you will secure the funds. You will be able to lead a comfortable life if you invested the funds prudently. Selling the structured settlement can open up a whole world of opportunities that can change your life forever. Take your time, select a good buyer and get a good price for your structured settlement.
Structured settlements
A structured settlement is an agreement to pay out money owed from the settlement of a lawsuit in installments rather than one lump sum. Structured settlements usually involve large settlements and are typically created through the purchase of one or more annuities. The payments can be structured in any way the parties choose (monthly, yearly, quarterly, etc.). If you are involved in a car accident and are entitled to a large recovery, you might consider a structured settlement as the vehicle for payment. Structured settlements are also commonly used in workers’ compensation claims.
Structured Settlement Advantages
Why take a settlement in payments rather than one lump sum? There are several advantages to structured settlements. First, there are tax advantages. If properly set up, a structured settlement can reduce your tax liability or, in some cases, come tax-free. Second, receiving a settlement over time can ensure that the money you need will be there when you need it. Receiving one lump sum up front creates the risk of spending it all too quickly, leaving nothing left for a time when you may really need it for further treatment or to purchase new medical equipment. A structured settlement ensures you will not spend it all at once.
Structured Settlement Disadvantages
While some people may find it helpful to have the money metered out over time rather than risk spending the whole amount too quickly, others may feel overly burdened by the periodic payments that leave little room for flexible spending. Still others may find that taking the money up-front and investing it themselves will yield higher long-term returns over the annuities used in a structured settlement. Once in a structured settlement, some people opt to sell their settlement for a lump sum. There are many potential settlement buyers out there. If you have a structured settlement, you may have already been approached by a potential purchaser. There are a number of important things to know before considering the sale of a settlement.
Selling Your Structured Settlement
The sale of a structured settlement is not quite as easy as it may seem. First, you must check your state’s laws. As of March 2006, forty-four states and the federal government now have enacted structured settlement protection laws that require court approval for the sale and detailed financial and legal disclosures be given the seller before the transaction can be made. Under federal law, the purchaser of a structured settlement may be subject to a 40% excise tax if they did not comply with state laws. These laws are in place to protect structured settlement owners from fraud or abuse and are designed to make sure a settlement owner gets a fair price.
Structured Settlement Advantages
Why take a settlement in payments rather than one lump sum? There are several advantages to structured settlements. First, there are tax advantages. If properly set up, a structured settlement can reduce your tax liability or, in some cases, come tax-free. Second, receiving a settlement over time can ensure that the money you need will be there when you need it. Receiving one lump sum up front creates the risk of spending it all too quickly, leaving nothing left for a time when you may really need it for further treatment or to purchase new medical equipment. A structured settlement ensures you will not spend it all at once.
Structured Settlement Disadvantages
While some people may find it helpful to have the money metered out over time rather than risk spending the whole amount too quickly, others may feel overly burdened by the periodic payments that leave little room for flexible spending. Still others may find that taking the money up-front and investing it themselves will yield higher long-term returns over the annuities used in a structured settlement. Once in a structured settlement, some people opt to sell their settlement for a lump sum. There are many potential settlement buyers out there. If you have a structured settlement, you may have already been approached by a potential purchaser. There are a number of important things to know before considering the sale of a settlement.
Selling Your Structured Settlement
The sale of a structured settlement is not quite as easy as it may seem. First, you must check your state’s laws. As of March 2006, forty-four states and the federal government now have enacted structured settlement protection laws that require court approval for the sale and detailed financial and legal disclosures be given the seller before the transaction can be made. Under federal law, the purchaser of a structured settlement may be subject to a 40% excise tax if they did not comply with state laws. These laws are in place to protect structured settlement owners from fraud or abuse and are designed to make sure a settlement owner gets a fair price.
Online auto insurance quote comparison - How and Where?
Complete an instant car insurance comparison online with a rate quote from multiple companies by simply answering one set of questions. Get and compare auto insurance quotes side by side with this free service to find cheap prices and useful information.
How do I compare quotes online?
To compare automobile insurance companies around the United States, one must have an Internet connection and have available basic information about the drivers and vehicles. No personal info is required for the rate comparisons and it's simple to do; therefore, no technical skills are required.
Simply log onto OnlineAutoInsurance.com and enter zip code in the text box and submit by hitting the "GO" button.
Answer basic questions needed to obtain quotations such as vehicle garaging address. This is needed because where the location where vehicle is parked affects premiums.
Be prepared to answer questions about the drivers such as date of births and any accident or violation history they may have on their record. There is no need to provide driver's license numbers unless you choose to for driving record accuracy.
After answering the quick questionnaire, compare important things such as price of payments and also be sure to consider other commonly compared factors such as cancellation policies and service quality of claims payments.
See a quick video on how to compare auto insurance quotes online from multiple carriers.
Where can I compare auto insurance rates?
OnlineAutoInsurance.com is among the top car insurance comparison sites in America where visitors can compare rates from a variety of companies with little effort. Join the growing number of users taking advantage of this free service.
Additionally, in most states consumers may purchase their policy online to receive proof of coverage. This is made possible through electronic application via the World Wide Web which does not require one to drive to any location or see an agent in person. For more information, see more auto insurance comparison articles which cover a wide variety of topics or feel free to visit OnlineAutoInsurance.com's learning center for tips, guides and FAQ related to specific categories.
Mar 12, 2009
Save Money On Auto Insurance
You just received your most recent automobile insurance bill and it has gone up once again. More than 10%, in fact! A little gecko is clamoring for your business and so are a handful of other companies that you even no less about. So, what should you do? Switching insurance carriers is one option, but before go through all the hassles of making a change, let's first take a look at five ways you can reduce insurance premiums instantly.
Bump Up Your Deductible. You can gain instant savings by increasing the deductible you are willing to pay. You may find a $1000 deductible for collision to make more sense and save you a considerable amount of money in the long run.
Receive Discounts. If you park your car in a locked garage, have an alarm system installed, possess an excellent driving history, etc., make certain that your insurer is aware of all of this. Your premium should be adjusted downward to reflect your special security measures you're your superior driving record.
Change Your Coverage. If your vehicle is old, you many want to consider dropping collision coverage. Your comprehensive coverage may also be due for review. Finally, make sure that there aren't pricey supplementary costs being assessed to you such as towing insurance. Your automobile club likely covers towing insurance and vehicle rental insurance; check your member's agreement for duplicate coverage.
Adjust Your Family Status. You may be paying more for your insurance if your policy shows that you are single when, in fact, you are married. Rates are generally less for married couples and for those in their thirties and beyond.
Correct Your Address. Your insurance company may have you listed at the right address, but list you under the wrong zip code. You could be paying a higher premium for living in a "high risk" neighborhood.
In some cases you can save money on automobile insurance by packaging it with your homeowners insurance. Lastly, discuss with your broker whatever other steps you can take to gain additional savings. You may have missed something or you may not be aware of a special program or offer in place.
Copyright 2005 -- Matt Keegan is a contributing writer for Auto Parts Canada, a wholesaler of OEM parts and accessories for your vehicle.
Bump Up Your Deductible. You can gain instant savings by increasing the deductible you are willing to pay. You may find a $1000 deductible for collision to make more sense and save you a considerable amount of money in the long run.
Receive Discounts. If you park your car in a locked garage, have an alarm system installed, possess an excellent driving history, etc., make certain that your insurer is aware of all of this. Your premium should be adjusted downward to reflect your special security measures you're your superior driving record.
Change Your Coverage. If your vehicle is old, you many want to consider dropping collision coverage. Your comprehensive coverage may also be due for review. Finally, make sure that there aren't pricey supplementary costs being assessed to you such as towing insurance. Your automobile club likely covers towing insurance and vehicle rental insurance; check your member's agreement for duplicate coverage.
Adjust Your Family Status. You may be paying more for your insurance if your policy shows that you are single when, in fact, you are married. Rates are generally less for married couples and for those in their thirties and beyond.
Correct Your Address. Your insurance company may have you listed at the right address, but list you under the wrong zip code. You could be paying a higher premium for living in a "high risk" neighborhood.
In some cases you can save money on automobile insurance by packaging it with your homeowners insurance. Lastly, discuss with your broker whatever other steps you can take to gain additional savings. You may have missed something or you may not be aware of a special program or offer in place.
Copyright 2005 -- Matt Keegan is a contributing writer for Auto Parts Canada, a wholesaler of OEM parts and accessories for your vehicle.
Mar 11, 2009
Mar 10, 2009
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