Released on: May 1, 2008, 11:18 pm

Press Release Author: Gregory Ellis

Industry: Marketing

Press Release Summary: Canada\'s insurance shopping marketplace, released the results
of its inaugural Alberta quarterly auto insurance premium study.\"Alberta has
increasingly become a more important part of our insurance shopping service.


Press Release Body: Toronto, May 2, 2008 -- Today, kanetix (www.kanetix.ca),
Canada\'s insurance shopping marketplace, released the results of its inaugural
Alberta quarterly auto insurance premium study. The study, designed to spot and
highlight the pricing trends of car insurance, identified an increase in the average
of the lowest premiums quoted for auto insurance of just over 1% in Q1 2008 compared
to the same period in 2007.

\"Alberta has increasingly become a more important part of our insurance shopping
service, as demonstrated by our recent expansion into offering online motorcycle, RV
and antique auto insurance quotes. Albertans are keen online insurance shoppers, and
it is because of this that we wanted to start a quarterly auto insurance premium
study specific to Alberta. The study will give Alberta drivers an idea of what is
happening to auto insurance premiums beyond the published changes in mandatory
coverage\" explains Gregory Ellis, Co-founder of kanetix.ca.

The results of this study reflect an increase in premium of 1.1% in Q1 2008 when
compared with the same period in 2007. \"What\'s interesting about this increase is
that it may not be reflective of insurers increasing their rates but rather a
reflection of the strong Alberta economy, continues Mr. Ellis. We see some
interesting trends in online auto insurance shopping in Alberta. For one, compared
to last year it appears more consumers are shopping for insurance for newer cars,
which often cost more to insure.\"

As an online auto insurance shopping service that provides real-time quotes from a
variety of well-known competing insurers, kanetix is in a unique position to empower
insurance consumers with the tools needed to not only anticipate car insurance
trends, but also to compare auto insurance quotes to find the best rate for the car
insurance coverage they need.

About the study
Intended as a tool to spot, and highlight, the pricing trends of car insurance, the
kanetix Alberta study will be released quarterly. kanetix believes this study to be
an accurate reflection of what auto insurance consumers are seeing when they get
their renewal notice from their current insurer, as well as when they shop around
for coverage. The study includes all drivers, no matter their driving or insurance
history, and includes the lowest rate quoted, no matter which company provided it
(direct writers or broker-based insurers.)

The results of the study are determined by comparing the average of the lowest auto
insurance premiums quoted online for Alberta shoppers through
www.kanetix.ca/auto-insurance in Q1 2008 January, February and March with the
average from the same period in 2007.

About kanetix
Launched in October 1999, kanetix is Canada\'s leading national, online insurance
marketplace. The kanetix insurance information and shopping service brings consumers
and insurance companies together in a one-stop shopping environment. Each day,
thousands of consumers visit the kanetix website to compare insurance quotes from a
variety of Canadian insurance companies. kanetix visitors can select the insurance
quote of their choice and where available, choose to complete the application for
coverage online or purchase their policy over the phone.

In addition to the insurance marketplace, kanetix is a leading provider of online
insurance quotation technology and develops online quotation systems and websites
for some of Canada\'s leading insurance providers.
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For more information, please contact:

Gregory Ellis
Co-founder
kanetix
Toronto, USA
1-888-854-2503
pr@kanetix.ca
http://www.kanetix.ca

Web Site: http://www.kanetix.ca

Contact Details: Gregory Ellis
Co-founder
kanetix
Toronto, USA
1-888-854-2503
pr@kanetix.ca
http://www.kanetix.ca