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Comparative Rates — Frequently Asked Questions
Why does belairdirect allow me to view comparative rates of up to five competitors?
Like any important decision, we know you’ll comparison shop for your car insurance. We also understand that you want to have as much information as possible to make an informed decision. This involves regularly shopping for your car insurance to make certain you are getting the coverage that best suits your needs. We decided to make things easier for you! By obtaining your quote at belairdirect.com, you can compare our offer with those of some of the competition, in one easy to understand process.
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Why does belairdirect use a third party to provide comparative rates on its website?
We partnered with Kanetix Ltd., a third-party company that provides insurance rate comparisons for dozens of Ontario companies through their website, kanetix.ca. By allowing you to access the kanetix rate comparison table after obtaining your car insurance quote at belairdirect.com, you can see how an independent, non-insurer, third party company compares our offer against some of the competition. This way, you know you are getting unbiased information that will help you make the right decision.
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Who is kanetix®?
Incorporated in 1999, Kanetix Ltd., founded by Gregory Ellis and George Small, aimed to offer Canadian insurance consumers a better way to shop for insurance.
With the simple, yet innovative idea to offer instant insurance quotes from competing insurers, the kanetix insurance marketplace was launched online. Since then, Canadian insurance consumers have enjoyed the shopping ease offered by the kanetix insurance marketplace for car insurance.
Source: kanetix Website.
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What information will I find on the comparative rating table?
While comparing insurance rates is viewed as the main feature, insurance shoppers can easily compare the insurers and their rates, along with payment options, A.M. Best® rating (an indicator of financial stability), and available discounts among other pertinent information needed for the shopper to make an informed choice and decision. All this valuable information is displayed in a side-by-side chart format, for easy comparison.
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What’s the benefit for the consumer?
You’ll be a smart shopper: by obtaining as much information as you can about your specific car insurance situation, you are better able to make an informed decision that suits your needs.
You’ll save time: rather than entering your information several times on different web sites, you only have to enter your information once.
You can find out insurance rates for different cars: because different cars have different insurance rates, you can see how belairdirect measures up against some of the competition in each scenario. It’s like window shopping with your computer!
Once you have what you need, you can take action: stay with your current insurer, keep shopping around, or switch to a different insurance company. It’s always smart to shop around!
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Is belairdirect always going to provide the best rate?
No insurance company can always have the best rate. Your car insurance rate is based on many rating criteria such as your car, driving history and where you live. Every company will offer you a different rate. By getting a car insurance quote at belairdirect.com and then comparing against some of our competitors, you’ll see how we measure up. Sometimes we’ll have the best offer for you, sometimes we won’t.
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Why would belairdirect give me access to kanetix®, who may show me when a competitor can provide a lower rate?
Because we want you to know! We want you to make an informed decision – and price is only one thing you need to consider when comparing car insurance offers. We recommend that you compare the coverage, and services offered by a company before you make a decision based on price.
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I don’t see my current insurance company on the rate comparison table – how come?
Not all insurance companies allow kanetix to access and post their rates. Also, the company may not have competitive rates for your situation, and therefore are not included in the comparison. There may also be rating criteria which preclude your company’s rates from appearing.
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Are the comparative rates accurate?
The rate comparisons are as accurate as the information you provide us in your belairdirect quote. Kanetix obtains their information directly from member companies who have agreed to be part of the kanetix marketplace. Their agreement with kanetix is such that the price that appears on the comparative tables is the same as you would receive if you contacted the company directly.
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Will my personal information be transferred to kanetix or any of the insurance companies who have an agreement with kanetix?
The information you provided us is transferred to kanetix to generate the comparative quotes. Kanetix will disclose this information to another insurance provider only on your request to purchase from them. Your information is not sold to any third party and you will not be solicited by kanetix. For more information please see our Privacy Policy and the Privacy Pledge on www.kanetix.ca.
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What should I look for when comparing offers from different insurance companies?
When shopping for car insurance, you need to compare the following:
Coverage and limits:
- Third party liability coverage (1 million, 2 million?)
- Collision Coverage: is it included in the quote, and what is the deductible amount, if any?
- Comprehensive Coverage: is it included in the quote, and what is the deductible amount, if any?
- Rental car coverage: if my vehicle is involved in an accident and needs repair, do I have coverage for a rental car and if so, how much?
- Driving Record Protection: some companies offer protection for your car insurance rates and driving record after your first at-fault accident. Do you qualify for this coverage? What happens after your first at-fault accident? How much does this protection cost?
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