Saturday, July 4, 2009, 4:39PM ET - Canadian Markets Closed.
This shocking statistic is brought to you by the MoneySense department of overspending: at least 65% of homeowners pay more than they have to for insurance. What's shocking about it is the fact that with one phone call apiece, Canadians could reduce that number to zero. By asking your insurance company or broker to make small adjustments to your policy, you can chop tens and even hundreds of dollars a year off your premiums. Here's how:
Raise your deductible. If you're among the 65% of homeowners who stick with their policy's standard $500 deductible, raise it to $1,000 and you'll enjoy an instant 10% discount. One MoneySense editor is considering a $5,000 deductible after discovering that it will knock a whopping 41% off her premiums.
More at Canadian Business Online:
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Rates provided by 
| Mortgages Type | Rate |
|---|---|
| 1-yr Closed | 3.80% |
| 3-yr Closed | 4.40% |
| 5-yr Closed | 5.13% |
| GICs Type | Rate |
|---|---|
| 1-yr Annual | 1.10% |
| 3-yr Annual | 2.28% |
| 5-yr Annual | 2.80% |
| RRSP Type | Rate |
|---|---|
| 1-yr | 1.09% |
| 3-yr | 2.28% |
| 5-yr | 2.76% |
