Posted on: 03-03-05 16:24:16
Guys, my car insurance is up for renewal.
Couple of quick questions :
1) Does anyone have a list of insurance companies & their contact numbers in GTA...? That way i wont have to build one...
Call me lazzzy...but i will also review and refine it 
2) Also, do we need to go thru a broker in this province? Or, Can we go talk directly to the insurance company... Looks like Wawanesa operates only thru brokers in this province...and u can talk directly with The Personal.
3) What are the advantage of going thru a broker? Any brokerage fees?
4) I know this is a bit generic question, but on an average, how much time should i keep to find and finalize an insurance, if u can access them directly... (In quebec, i could do it in 2/3 days )
5) Lastly, what documentation do i need in hand?
- Drivers abstract from Quebec and Ontario
- Experience letter from my previous insurance company
???
Thanks 
bison
Yo Desis,.....
I'm sure some questions could be answered right away...
Need some informational help here... 
bison
Can't answer all your questions, but here goes -
Quote:A broker can shop several insurance companies at the same time and give you the best quote.
Orginally posted by bison
3) What are the advantage of going thru a broker? Any brokerage fees?
If you contact each insurer, they will only give your their quote.
There will be lots of companies that you are not awar or or cannot contact directly.
A broker can do a much wider search on your behalf.
Quote:I did my insurance directly and did not take more than a few minutes at the office of the agent.
4) I know this is a bit generic question, but on an average, how much time should i keep to find and finalize an insurance, if u can access them directly... (In quebec, i could do it in 2/3 days
They printed temporary cards, and the real cards came in the mail later.
But the coverage is effective from the day you want.
Quote:I don't think anything other than your driving license number is needed.
5) Lastly, what documentation do i need in hand?
- Drivers abstract from Quebec and Ontario
- Experience letter from my previous insurance company
You may need the driving abstract from the other province - I don't know amd someone who moved provinces should be able to tell you.
Other than that, usually the insurance companies get all the required data themselves, such as checking your driving record, etc.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Dude, Wanted to Thank U for ur updates...
Here's my blog :
Had in hand :
1) Drivers abstract from Quebec
2) Drivers abstract from Ontario
3) "List of claims" letter from my Insurance company in Quebec
4) "List of claims" letter from the Master claims file in Quebec ( from
Groupment assurance... something something)
Got names & phone numbers of 6/7 insurance companies/brokers here. Called them all in 3 days
Before i was paying 1600
Got quotes as follows : 2700/3500/5100/6400/6800/7500
Finally, got it for 1900/-
Thanks for ur tips once again...
bison
Quote:So your insurance went up?
Orginally posted by bison
Before i was paying 1600
Got quotes as follows : 2700/3500/5100/6400/6800/7500
Finally, got it for 1900/-
Do you know why?
I have heard that most insurance companies have reduced rates this year.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Went up? Yep... Moved from Quebec to Ontario...
In quebec, i was paying 1100
In ontario, Same company adjusted it to 1600 to cover me till end of year
They couldnt renew it and i had to find a insurance company from ontario.
I think here, it depends on what rating they give you. Each company has its own rules to rate you.
With no claims/accidents in last 3 years, U can get a 6* rating...
bison
Quote:I think for 6* rating you have to have 6 years of no accidents, claims or tickets.
Orginally posted by bison
With no claims/accidents in last 3 years, U can get a 6* rating...
For 3 years, you will get 3* rating.
I believe the best is called 8 star, which you get after 10 years.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
