TORONTO, July 20, 2009 – Today, Kanetix® (www.kanetix.ca), Canada's online marketplace for insurance quotes, released the results of its inaugural Quebec quarterly auto insurance premium study. The study, designed to spot and highlight the pricing trends of Quebec car insurance quotes, identified a 7 per cent decrease in the average of the lowest rates quoted for auto insurance in Q2 2009 compared to Q2 2008.

“Quebec has always been an important part of our insurance shopping service. Quebecers are enthusiastic online insurance shoppers, and it is because of this that we wanted to start a quarterly auto insurance premium study specific to Quebec. The study will give Quebec drivers an idea of what is happening to Quebec car insurance trends." explains George Small, Co-founder of Kanetix.ca.

The results of the first ever Kanetix Quebec car insurance quarterly study show a decrease in the average of the lowest car insurance premiums quoted on Kanetix of 7% in Q2 2009 when compared with the same period in 2008. "The recent addition of a competitively priced Quebec car insurance provider to the Kanetix.ca quote comparison service is certainly a driving force behind the results of the study. Known to provide good drivers with great rates, the provider complements the Kanetix.ca commitment to help insurance consumers find competitive rates.”

As an online auto insurance shopping service that provides real-time quotes from some of Quebec's top insurers, Kanetix is in a position to bring attention to the options available to Quebec drivers when it comes to insurance. Insurance rates change often and vary between insurers, so comparing car insurance quotes is an easy way to see if there are opportunities for savings.

About the study

Intended as a tool to spot and highlight the pricing trends of Quebec car insurance, the Kanetix study is released quarterly. Kanetix believes this study to be an accurate reflection of what auto insurance consumers are seeing when they get their renewal notice from their current insurer, as well as the prices they see when they shop around for coverage. The study includes all drivers, regardless of their driving or insurance history, and is based on the lowest rate quoted, no matter which company provided it (e.g. direct writing companies or broker-based insurers).

The results of the study are determined by comparing the average lowest auto insurance premium quoted online for Quebec shoppers through Kanetix in Q2 2009 (i.e. April, May and June) with the average from the same period in 2008. The results, and resulting interpretations, are based on the profile information as entered by the shopper and may not represent their accurate driving profile or vehicle data. As such, Kanetix can make no representation or warranty, either expressed or implied, as to the accuracy of this information.

About Kanetix

Launched in October 1999, Kanetix is Canada's leading national, online insurance and mortgage marketplace. The Kanetix insurance and mortgage shopping service brings together insurance companies and mortgage suppliers in a one-stop shopping environment for consumers looking to save money. Each day, thousands of consumers visit the Kanetix website at www.kanetix.ca to compare insurance and mortgage quotes from a variety of Canadian insurance and mortgage suppliers. Users select the product of their choice, obtain a quotation and complete an online application or, with the help of Kanetix connect with the insurance or mortgage supplier and purchase the product over the phone.

For more information, please contact:

George Small
Co-founder
1-888-854-2503
www.kanetix.ca

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