by hirby
I’ve heard that if you do Young Drivers of Canada as opposed to another ministry approved program you will receive even more of a car insurance discount than the normal one you receive for doing driver’s ed in the first place. Is this true? Because Young Drivers of Canada is very expensive compared to some of the other programs.
Source: Does Young Drivers give you the cheapest car insurance rates?
04.08.10
If you have good auto insurance already, chances are that when you rent a vehicle – whether for a vacation, or because your vehicle is being repaired or serviced, or for some other reason – you’re already covered. And even if you are not, if you pay for the rental with a credit card, in many cases liability is covered by the card issuer. Unfortunately, two out of five consumers do not realize this and often wind up buying the insurance offered by the car rental agency when it’s completely unnecessary.According to the Consumer Federation of America (CFA), insurance for a rental car is a quasi-legal scam. It is a form of “add-on” insurance which makes consumers overpay – often by huge amounts. Afterwards, the rental car agency gets a “rebate” (actually a kickback) from the insurer.
So – what’s going on? According to former Texas Insurance Commissioner Bob Hunter, it’s a competition in which a car rental company plays insurance companies off against one another. The rental agency offers to sell the insurance product of the company that agrees to pay the highest kickbacks. The result is that a car rental customer winds up paying premiums that are as much as 100% higher.
Source: The Auto Insurance
Cheap Car Insurance
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