Tips, Articles and FAQs on Buying Car Insurance in Canada
Believe it or not, insurance fraud costs the insurance industry approximately $3 billion each year. When most people think of insurance fraud, they typically think of organized groups who stage automobile collisions in order to claim medical benefits. But there are other types of insurance fraud that can be just as costly to the insurance industry and ultimately to you.
Suppose you have shopped around online and found a lower car insurance rate. Your first thought is likely: “What do I do about my existing policy?” Do you wait for your renewal date or do you cancel your current policy right away to take advantage of the lower rate?
Did you know taking pictures with a hand-held device, while on the road, is illegal and could land you a $155 fine under the new distracted driving law?
I am planning on renting a car for March break. Should I buy the collision damage waiver coverage (CDW) from the rental agency? Will my credit card or my car insurance policy cover any damage?
In October of 2009, the province of Ontario banned texting and/or
talking on a handheld device while driving. Warnings with no fines were
issued for a three month period. Effective February 1, 2010, the
warning period is over and drivers can now be fined as much as $500.
If you are like most people, the only times
you think of reviewing your insurance policy are if you are making a
claim or when you get your renewal notice in the mail. But did you know
that there are a number of common changes to your driving profile that
require you to notify your insurance company or insurance professional?