The premiums are based on the company’s historical experience with similar drivers and cars and that’s why different companies can have a different rate for the same driver and car combination.
Toronto, Ontario (PRWEB) June 23, 2011
InsuranceHotline.com wants seniors to know they have a choice when it comes to car insurance policies and rates. There are discounts available to retirees and older adults when it comes to auto insurance. InsuranceHotline.com provides this demographic an easy way to research and compare policies, ultimately saving them money and offering peace of mind.
Loyalty doesn’t pay! InsuranceHotline.com is campaigning for auto insurance rate awareness, especially amongst seniors. “Insurance companies base their rates on the risk associated with a particular driver and vehicle profile,” explains Tammy Ezer, Marketing Director, InsuranceHotline.com. “The premiums are based on the company’s historical experience with similar drivers and cars and that’s why different companies can have a different rate for the same driver and car combination.”
Insurance companies consider age a risk factor. Drivers between the ages of fifty-five and seventy have the lowest collision rate. Once over age seventy, the collision rate is comparable to that of a new driver. Remaining dedicated to a particular insurance carrier doesn’t mean a loyalty discount will offset any rate increases. In fact, the loyalty discount is often a myth, providing very little savings for the faithful consumer.
InsuranceHotline.com is providing services to seniors as a way to save them money through education. The site is simple to use. It can directly compare someone’s current auto policy against the coverage offered by at least thirty other car insurance companies. Seniors will then be connected with an insurance professional.
Although seniors groups are a great resource, the group rates offered through their membership can come with a false sense of security. Sometimes, these group rates even penalize older drivers. InsuranceHotline.com wants everyone, specifically seniors, to know that is pays to shop around. Unfortunately, the special rate of a group policy can sometimes be higher than an individual auto-insurance policy.
InsuranceHotline.com, which isn’t owned by an actual insurance company, has been impartially helping consumers make decisions on car insurance since 1994. By helping seniors, who are often on a fixed budget, compare their policy and driver profile for free on the website, the company is helping most visitors save time, money, and in most cases it helps consumers beat the group rate myth.
InsuranceHotline.com is a free, no obligation website serving all of Canada. The site provides a rate comparison service for consumers of all ages, directing them to a wide variety of insurance companies. The company wants people to know they are not stuck with their current rates.