What ever you do – Don’t make a claim!

So this past weekend the Toronto Star had a full section dedicated to Insurance, they detailed a couple of stories on individuals whose rates increased substantially despite not having any claims. Well isn’t this a surprise.

This is going to be a great apples-to-apples comparison; both houses are approximately the same size, two registered automobiles in each location, one motorcycle each location, same drivers, coverage etc.

Canada. I have been a long time customer of State Farm Insurance in both countries however a significant increase in my Canadian auto rates last year prompted me to shop around. After some tome online and chatting to agents I moved my car insurance to Desjardin. When the Home Insurance with State Farm came due this month I again did some shopping and moved it to Desjardin as well. I state this as I want you all to know that I am using the best rates that I could find in Canada, with multi vehicle discounts  and discounted Home Insurance as a result of moving everything to one company. Before proceeding the result of this exercise saved me in excess of $800.00 annual in Canada.

For this comparison, here are the details…Car and house insurance with same company in Canada, motorcycle with another company, in the U.S. house and all vehicles with same company. Both houses are just a little over 2,500 sq. ft. In Canada we have 2010 Kia Forte and a 2006 Pontiac Grand Prix and a 2001 Harley Davidson. In the U.S. a 2011 Subaru Outback, a 2004 Grand Caravan and a 2003 Harley Davidson.

Home Insurance               U.S. $348.00                       Canada $957.24

Auto                                     U.S $1,468.00                     Canada $1,855.00

Motorcycle                         U.S. $638.00                       Canada $809.00

Total Savings U.S. – $1,167.00

About 2sidesof49

This Blog is for all Canadian Cross-Border Shoppers wanting to maximize their returns on their U.S. shopping trips. Visit 2sidesof49.com for tips and tricks and links to our partners websites, blogs and products. Also check out my book The Canadian Cross-Border Shopping Guide - guaranteed to save you money!
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