For the First Time, kanetix.ca Study Sees Increase in Auto Insurance Premiums Quoted in Q3 2007

Published on: December 12th, 2007 12:00am by:

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Toronto, Canada (OPENPRESS) December 12, 2007 -- Today, kanetix (http://www.kanetix.ca), Canada's coverage marketplace, released the consequences of their quarterly car coverage coverage premium survey screening that the rates quoted for car insurance have got risen, on norm 1.5 per cent. By comparing the norm of the last car coverage insurance premiums quoted online for Lake Ontario shoppers through in Q3 2007—July, August and September—with the norm from the same time period in 2006, kanetix establish that the norm last terms had actually increased by 1.5 per cent—a first since the study's inception. "Every one-fourth since we introduced the survey in 2006, have shown that for coverage shoppers the norm last insurance premium quoted was cheaper than the former year's several quarter," explicates Gregory Xiii Ellis, Co-founder of kanetix.ca. "That is, until now because Q3 2007 showed us something all together different; that the competitory car coverage marketplace in Lake Ontario looks to be swinging in the other direction. With a 1.5% addition in the terms of the norm last quote, it proposes that coverage consumers are perhaps going to see additions in their yearly car coverage renewals, making shopping for coverage more of import than ever." For the last while, the coverage industry have establish themselves in what is commonly called a "soft market". A soft coverage marketplace is typically characterized by a strong focusing on edifice new business, where coverage companies aggressively marketplace their merchandises and seek to pull new customers. This is typically achieved by offering advanced characteristics and discounts, and most importantly, a lowering of rates. Kanetix.ca's survey proposes that this soft marketplace is "hardening", and that coverage consumers may soon acquire dinged with higher car coverage premiums. The good news is if this hardening tendency continues, those who make see an addition can shop around for car coverage easily, online to see if a better terms is available. At kanetix offerings consumers a better and quicker manner to shop for car insurance, after all, kanetix is the website where coverage companies compete, and you salvage money. About kanetix
Launched in October 1999, kanetix is Canada's lone national, online coverage marketplace. The kanetix coverage information and shopping service conveys consumers and coverage companies together in a one-stop shopping environment. Each day, one thousands of consumers visit the kanetix website to compare coverage quotation marks from a assortment of Canadian coverage companies. Users can take the insurance quotation mark of their pick and choose to finish the application for coverage online or purchase their policy over the phone. In improver to the coverage marketplace, kanetix is the prima supplier of online coverage citation engineering and develops online citation systems and websites for some of Canada's prima coverage providers. For more than information, delight contact: Gregory Xiii Ellis
Co-founder
1-888-854-2503
www.kanetix.ca

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