Auto Insurance

Car insurance rates for Ontario drivers could increase as high as 7%

Car insurance rates for Ontario drivers could increase as high as 7%

The Financial Services Commission of Ontario (FSCO) has released the auto insurance rate approvals for the first quarter of 2017. For Ontario drivers, car insurance rates are increasing overall in the province by 1.24%. This compares to a 0.14 per cent decrease in the previous quarter. Even though approved rates increased 1.24 per cent, some drivers could see their rates go up as much as 7%, while others may see a decrease in the neighbourhood of 3%, as this is the range in rates approved this quarter. It all depends on who you have your coverage through. “Ontario has a very competitive marketplace,” FSCO says in its quarterly statement. “Rates for the same coverage vary based on each insurer’s claims experience and the insurer’s rating system.” As a result, FSCO urges consumers to shop around for auto insurance. It is more important than ever…read more →

Be Ready To Hit The Road This Long Weekend!

Be Ready To Hit The Road This Long Weekend!

With winter “officially” in the rearview mirror, and a three-day weekend on the horizon, there are two things you can count on this holiday long weekend: the potential for unpredictable weather and lots of traffic. If you’ll be hitting the road this long weekend, rock your road trip with these safety essentials and tips. Prepare your vehicle Top up your car’s windshield wiper fluid, check the tire pressure, and remember to travel with an emergency roadside safety kit. Make sure you’ve got all your car-related documents No matter where you’re travelling this weekend, your car insurance coverage will follow you should something go wrong. Just make sure you have your driver’s licence, insurance documents, ownership and registration handy. Drive only when well rested Only hit the road if you’re well rested. It’s been estimated that about 20 per cent of fatal collisions in Canada…read more →

MARIJUANA’S IMPACT ON DRIVING

Drug-impaired Driving Can Be Deadly Marijuana use significantly impairs one’s driving ability by affecting judgement, motor coordination and reaction time. In fact, according to the most recent data from the Canadian Centre on Substance Abuse, approximately 34 per cent of vehicle crash deaths can be linked to drug-impaired driving, which is nearly as many as those related to alcohol. MARIJUANA’S IMPACT ON DRIVING Drug-impaired driving occurs when an operator uses a motor vehicle while under the influence of illegal, prescription or over-the-counter drugs. Of these, marijuana is one of the most common, with studies suggesting that each year, approximately 632,600 Canadian drivers operate a vehicle two hours after smoking marijuana. This is dangerous, as marijuana can impact one’s driving ability in the following ways: Reduces a driver’s ability to stay in the centre lane Impacts a driver’s ability to judge…read more →

Bridge Your Auto Policy Gap with Drive-Other-Car Coverage

Do you provide company vehicles to your employees? If so, do these employees have their own personal automobile policies? If not, a potential gap in coverage may exist. To adequately cover your risk, a drive-other-car endorsement is specifically intended to bridge this gap. Drive-Other-Car Coverage Basics Employees who have company-owned vehicles often do not have an additional automobile and therefore do not carry personal automobile policies. If the employee doesn’t carry a personal policy and drives a vehicle borrowed from another party – other than the company-issued vehicle – drive-other-car coverage affords them protection should an accident occur. Drive-other-car coverage is endorsed onto your business automobile policy and provides coverage only for scheduled individuals. How does this differ from hired/non-owned coverage? Hired automobile coverage is provided for vehicles that are leased, rented, hired or borrowed by the insured or its…read more →

PREVENT COSTLY VEHICLE RUST

From an aesthetic standpoint, dirty vehicles are unsightly. However, layers of dirt and grit can also wear away your car’s finish or even accelerate rusting. This can be expensive and difficult to reverse. To protect your car’s finish, practise the following: Wash your car often, especially after the winter months. Salt that builds up during this time can create holes in the body of your car, which could destroy its resale value. Wax your car from time to time to protect the finish. This can help prevent oxidation that leads to rusting. Utilize car washes that feature handheld pressure wands. Pay close attention to the undercarriage during washes, as that’s the primary risk area for rusting. Address scratches and dents that appear on your vehicle’s body, as they can easily lead to rusting. Experts recommend that you wash your vehicle…read more →

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