Your once ever so “cheap insurance quote” just went up! Time to board the shopping train!If you are looking for car insurance quotes in Ontario, you better get your hiking boots on because the FSCO has agreed to a price hike and it affects almost everyone who is reading this right now. The Financial Insurance Services Commission of Ontario is allowing an increase to insurance rates for all of Ontario.Car Insurance quotes may be a little or a lot higher than normal in comparison to previous years. Insurance companies in Ontario have filed for a rate increase beginning the first quarter of 2008 with an approved increase to insurance rates. Nearly 44% of the car insurance market in Ontario has had rate changes approved which will affect car quotes for all consumers.The rate change affects’ the average Ontario insurance policy by 2.42% and that is if you have a clean driving record. The government is saying that Ontario Car insurance according to the Financial Insurance Services Commission Ontario is long over due for a increase and decided to approve one.The Ontario car insurance rate changes approved for the first quarter of 2008 became effective in the first quarter of 2008 or later for 2008 renewal policy business. Therefore, consumers will not know that they have had a rate increase until their policy renews.The impact of a rate change on an individual consumer basis will likely be substantially more than 2.42%. The increase will depend on where the consumer lives, the type of car he or she is driving, and other risk characteristics involved such as driving record of people operating the vehicles. FSCO promises that they will continue ensure that insurance companies’ rate changes are reasonable and justified. They will ensure that the rates insurers charge are balanced and have a strong ability to meet their future claims costs.Insurance brokers need to know quite a few details to get your insurance rate down to a reasonable amount.Tips to help save money on your insurance quote:-Accept higher deductibles, try a quote with $1000 collision and $1000 comprehensive-Install an aftermarket car alarm system, this will earn you close to 20% discount off your comprehensive coverage, boomerang is one example-Combine your automobiles and home, condo or tenants insurance policies together to receive additional discounts-When possible, use public transportation, this will keep your annual kilometers down and change your insurance class to a pleasure use driver and this will reduce your rates further-Sign up for a Drivers training course that is recognized by the Ministry of transportation and is an approved driver training course-Don’t modify or customize your car-If you have an older car and will pay for physical damages yourself, you should opt out for comprehensive and collision coverage and request third party liability only to protect you in the event of a lawsuitTips for the next car you think of buying:Make sure you check out that used car thoroughly aside from the mechanical looks of it, you can check the VIN number through the MTO by ordering a used car package. If the person wants to sell you the car they need to provide it to you. By doing so you will be able to contact the previous owner to find if there are any hidden faults about the vehicle.