The start of a new year often initiates fresh resolutions, goals, and lifestyle changes. For many of us, a key area of focus is finance and more specifically, financial savings. An important part of our personal finances is insurance - our policies for home insurance, auto insurance, health insurance, life insurance and travel insurance.

Re-evaluate your insurance premiums

Sit down and take the time to review your current insurance policies and assess your monthly premiums. Ask yourself if you're still satisfied with your policies and the amount you're paying for your insurance. Chances are there is room for savings, and by comparison shopping you can often find the coverage you need at a better rate.

It is always a worthwhile endeavor to comparison shop. Insurance rates can fluctuate considerably in the time since you last shopped around, and the insurance provider who offered you the best insurance rate last time around, may no longer this time.

Insurance rates are not the only factor that can change in a year. In just one year, you may have experienced significant changes in your life, such as obtaining a new job, buying a home, acquiring an inheritance, or becoming a parent - these circumstances can have an impact on your financial situation and future goals. Use to obtain quick online quotes from multiple insurance companies for life, home, auto, health and travel insurance policies that suit your current individual needs.

Consider new insurance policies

The first couple of months of a new year are a good time to consider whether you require new forms of insurance.

Perhaps you decide it's time to purchase a life insurance policy because the New Year will bring with it added responsibility in the form of a new home, marriage or birth. Or maybe your newly self-employed status calls for a supplementary health insurance plan to offset medical costs not covered under your provincial coverage.

Whatever your situation may be, it's a good idea to evaluate what you already have, consider your options, and take action where necessary to ensure you have the insurance protection you need. If you're unsure of where and how to start, comparison shop your insurance options to quickly get a feel for policy pricing, details and coverage offerings from multiple companies.

Mortgages and credit cards

Once your insurance policies are in order, go one step further and assess your current mortgage and the credit cards in your wallet.

If you have a mortgage which currently charges a higher interest rate than those offered in the lending market today, it may be a good time to consider refinancing. Or perhaps you want to explore different credit card options to obtain a card with the features, rates, bonus structure and rewards best suited to your lifestyle. helps you weigh your options for mortgages and credit cards with fast and easy quotes and comparisons online.

Consider the start of any new year as a good time to reassess your needs and if necessary, reorganize financially. There's no better feeling than knowing you have insurance policies that best meet your coverage needs and financial situation.

Keep your resolution to save money this year. Compare:

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