A Tale About Average Car Insurance.

This is a story about averages of sorts.

Once upon a time on an average day, in an average car driving city, an average automobile driver was looking for average car insurance for his average Joe self. He was about 22 years old, living by himself, and he had just bought a new average two-door sports car. He asked his average friends and coworkers, his parents and siblings, “what would car insurance cost for someone like me?” Everyone told him what they were paying. He also asked them: “Where can an average guy like me go to get car insurance?”

One average George said, “I go to Company A. Since you and I are about the same average kind of guys, with the same average driving history and profile, you should go there too! You’ll get a great deal, just like me! Company A is not just any average car insurance company!” Average Joe smiled at the idea! “How easy it is to find car insurance!” he thought with delight. The next day he signed up with Company A.

A week later, average Joe was at the water cooler talking to more-than-average Matt. “You’re paying how much with Company A?!” gasped Matt in shock. “Oh Joe,” said Matt, “I hate to break it to you, but Company A is not giving you a very good price.” “But I thought I was getting a great deal from Company A. George told me that Company A wasn’t just any average car insurance company,” Joe said sadly.

Matt continued, “Sorry Joe. I had to learn about car insurance prices the hard way, too. Actually, it’s really difficult to talk about average car insurance costs because people are different, have different needs, and want different kinds and types of coverage. All these things put together can make for some pretty different premiums, prices, and rates, no matter how average you think you may be relative to someone else.”

“So what did you do?” asked Joe.

Matt smiled and said, “I found out that there is a really great website where you can input your profile, history, and car model, and then you get quotes from many of the best car insurance companies. All at one place, you can compare quotes, look at the different kinds of coverage that would best suit your needs, and even purchase the insurance you need online or over the phone. Next time, make sure you don’t settle for just any old average car insurance company or premium. Go to www.kanetix.ca where you can get multiple quotes and save time and money. Good luck, Joe.”

With that, more-than-average Matt took the last sip of water from his cone shaped paper cup and went back to work, humming a cheerful tune.

The moral of the story.

Most fairy tales, myths, or short stories usually have some kind of take home lesson. Here it is:

Insurance companies calculate general averages for pricing purposes, based on a number of statistics that include some of these factors: your profile, age, gender, group affiliation, driving history, model of car etc. etc.. Then they look at these factors to see how these have been more or less of a risk in the past to generalize or predict for the future. These factors can really affect what most people call “average car insurance.”

So “on average,” it costs more to insure males and those less than 25 years of age because in the past, there have been more insurance claims in those categories. “On average,” as you get married and increase in age, you are seen as more responsible and less of a risk. “On average,” if you live in a city and drive to and from work, since you are using your vehicle more often and in a more crowded area, there is a greater chance that you will get into an accident. Greater chance of an accident means that you are more of a risk. “On average,” if you drive a two door sports car as opposed to a family car, it’s likely that you will be seen as more of a risk. The above mentioned factors can really increase or decrease the rates or premiums that you will have to pay. Moreover, each company rates and weighs these factors differently in terms of risk. This is why it’s hard to say “average car insurance.”

If you’re getting “average car insurance,” you’re probably paying too much.

Average car insurance statistics for cities and countries are usually compiled with the amounts people have already paid for their insurance within a given period. That’s why it is so important that you shop around and compare quotes. When you do, you can make sure that you are not getting average car insurance, but instead, getting the best price and best coverage, individualized for your needs.

You don’t have to be an average Joe and settle for average car insurance from an average car insurance company. Go to www.kanetix.ca and compare quotes for your car insurance from several different companies, so you can compare prices and policies and get a way better than average car insurance rate.