Insurance Peer Comparison Service Goes Live in Nova Scotia

Online tool leveraging aggregated consumer data is now available for Nova Scotians. It informs them about provincial average car insurance premiums.

Toronto (I-Newswire) January 5, 2013 - Recently, InsurEye Inc. went live with its new innovative online service for consumers in Nova Scotia – Insurance Price Comparison. This service shows users how their insurance spending compares to their peers in Nova Scotia. Insurance quotes can vary not just by 30%, but by 200% or even more. Knowing what peers pay, allows consumers to make informed buying decisions and discover providers with the best prices for their segment. Consumers can become aware of potential savings through aggregated social knowledge. Price Comparison currently provides data for Auto insurance in Nova Scotia based on user’s age, gender, driving record, type of coverage and vehicle value.

Co-Founder and Managing Director of InsurEye, Dmitry Mityagin says: “Till now this service was available only for consumers from Ontario, Quebec, Alberta and British Columbia. By the end of the last year Nova Scotia joined the club and we look forward to adding other provinces in 2013!”

InsurEye collects, validates and precisely analyzes thousands of insurance experiences from real people. Price Comparison covers not only spending information for insurance products available online (20%-30% of the total market), but also for the services offered directly by insurance companies, brokers and agents. As consumers share information about their insurance spending, they get access to collective experience and can identify potential savings with a few clicks.

This service is provided independently from banks, insurance companies, and brokers/agents showing information received from consumers. You can also read and share independent consumer insurance reviews for over a hundred insurance companies in Canada!