TORONTO, July 25, 2012 – Almost 20,000 Canadians, who compared car insurance rates at Kanetix.ca between January and March 2012, would now be able to get a lower rate by at least $50, and an average of $450, if they returned to comparison shop their auto insurance.
Kanetix’s free Auto Insurance Rate E-lert service notifies shoppers when a lower rate is available. Based on the results of this opt-in offering, Kanetix estimates that nearly 20,000 drivers who comparison shopped their auto insurance needs in the first three months of 2012 would today find a lower car insurance rate. And, of those who have already subscribed to the Rate E-lert, thousands have been notified that a lower car insurance rate is now available and this savings is on average $450.
“With lower rates increasingly more common, now is the perfect time to shop your car insurance premiums,” said Janine White, Vice President of Kanetix.ca’s Marketplace. “The more quotes a driver gets, the more choices they’ll have, which can result in substantial savings.”
With auto insurance rates trending downward, and the addition of four new insurance partners and two new group insurers to the Kanetix comparison service, Kanetix encourages motorists to shop their existing car insurance rate with those now available to see if they too can save money.
Kanetix helps customers compare real-time car insurance rates from many of Canada’s top insurance providers, and connects customers to their insurer of choice via the company’s priority telephone queue. Customers who compare auto insurance rates on Kanetix.ca receive, on average, seven quotes from competing insurance providers.
Launched in October 1999, Kanetix was Canada’s first online insurance marketplace and today provides over a million quotes per year to consumers looking for insurance, as well as comparisons for mortgage rates and credit cards.
The Kanetix comparison service is a one-stop shopping environment for consumers. Each day, thousands visit the Kanetix website at www.kanetix.ca to comparison shop their various financial needs. Shoppers choose what they want to compare, obtain a quotation and complete an online application or, with the help of Kanetix connect with the provider to purchase or apply for the product over the phone.
Through its Software as a Service team, Kanetix is also the leading provider of online insurance quotation technology, developing online quotation systems, mobile solutions, actuarial tools and websites for many of Canada’s largest insurance brands.