Canadian man legally changes gender for cheaper auto insurance premiums

Cheaper auto insurance - Man holding car keys

A motorist fed up with paying more because he was male has found a loophole in a new law in Canada. A driver in Canada seeking cheaper auto insurance rates legally changed his gender from male to female in order to dupe the system. Gender-based car insurance premium calculations charge male drivers far more than females. The man wasn’t just chasing slightly cheaper auto insurance rates. In fact, he discovered that by changing his gender from male to female, he would save almost $1,100 (CAD) per year. The man, whose…

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Basic highlights on top four insurance companies to help consumers

Throughout the financial crisis over the last few years, a number of insurance companies faced a significant struggle, leaving people to wonder about the top insurers after having seen the global giant American International Group (AIG) fall apart.  In order to help consumers to better understand the current the insurance marketplace, experts have compiled some notes about the top four leading companies.  Progressive is among the biggest American auto insurance companies.  It provides standard vehicle insurance as well as products for specialty vehicles such as ATVs, mobile homes, motorcycles, boats…

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