Not all insurance history gaps are created equal. Some can subject you to a premium increase, while others may not.
High praise for LowestRates.ca
We’re here to help.
Here are some frequently asked questions about LowestRates.ca.
What does LowestRates.ca do?
We're a site where Canadians can compare rates on financial products for free from 50+ of Canada's top providers. With our technology, you can see the rates multiple companies are willing to offer you all at once. That includes auto and home insurance, mortgages, credit cards, and more. We're always adding more products to our roster so that you have the best experience possible.
What’s the advantage of comparing financial products online?
Comparison shopping is the best way to make sure you’re getting the lowest rate. You could go to every lender or insurance company directly for a quote — but that would waste a lot of time. LowestRates.ca takes care of the heavy lifting by comparing the market for you.
Is LowestRates.ca a broker?
No, LowestRates.ca isn’t a broker. We’re a comparison website that allows you to easily view quotes from multiple providers, all in one place. If you find an attractive mortgage or insurance rate on LowestRates.ca, we can connect you directly with a licensed broker to secure your rate ASAP.
Are there any fees associated with using LowestRates.ca?
Never! It’s 100% free to compare all financial products on LowestRates.ca, and there’s no obligation to accept the rates we offer you.
How does LowestRates.ca make money?
We connect Canadians with the right financial companies for their unique needs. In turn, companies pay LowestRates.ca a fee when we refer customers to them. There's no cost to you, our users, and we only work with reputable, trustworthy institutions.
What provinces does LowestRates.ca work in?
Quotes for mortgage rates, home and life insurance and credit cards are available across Canada. Auto insurance quotes are available in Ontario, Alberta, Quebec, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, Yukon, Northwest Territories and Nunavut.
How do I know I’m actually getting the lowest rate?
We have a strong selection of lenders on LowestRates.ca including the big banks and many independent providers. This ensures we’re always finding competitive rates for our users. Even if you’re not ready to commit to anything, you can use our site as a starting point for research (it’s totally free and you’re under no obligation!).
The better informed you are, the more likely you'll negotiate a better deal for yourself. And, really, that’s what we care about the most.
How does LowestRates protect my personal information?
We’ve designed our service around your security. That means on LowestRates.ca, you can find a better deal while disclosing as few details as possible. On top of that, our site is SSL-encrypted to keep your information secure from nosy third parties. We’ll refer you to our insurance, mortgage, and credit card partners if you find a rate you like — but only after you give us permission. We won’t share your personally identifiable information with our partners without your consent.
Sharing rates, not your information.
We pledge to protect your information to the highest degree. Rest assured, you won’t hear from annoying spammers after using LowestRates.ca. We also won’t share your information with any of our partners in our digital marketplace without your permission. That’s our promise and we’re sticking to it.
Although high mortgage rates may deter people, the stress test is still important to protect buyers from future rate hikes.