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Auto Insurance, it is used to cover cars, motorcycles, trucks and other road vehicles. it is primarily used ti provide financial protection against physical damage to ones car, bodily injury arising from accidents or liability caused by incidents involving a vehicle

Here you will learn the ins and outs of Auto Insurance in Canada from a licensed auto insurance adviser.

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This website answers the five W's that everyone learned in grade school. What, Why, Who, When, and How. Here they are for those who may not have the knowledge or resources to answer these questions.

i feel as though this website is important for first time insurance customers because it outlines what car insurance is, why insurance is important/needed, Who needs insurance, When to buy insurance and How to buy insurance

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What, Why, When, Who and How

Are you new to car insurance? Or just want to know a little more about it? We're here to help. Car insurance Insurance may seem a bit complicated, but once you've got a handle on the basics, it gets easier and you can start making confident, informed choices for yourself. After all, knowledge is power.

What is car insurance?

Car insurance is your way of being able to cover the expenses that come up if you're driving and you hurt injure someone or damage someone's property. , or if you get hurt and need medical care. This is called Liability insurance in Quebec, and and, it's mandatory if you want to drive a car. You can also voluntarily add insurance that gives you coverage for damage to your car caused by collision, or protection against damage or loss from things like theft or vandalism.

Why do I need it?

Let's say you've injured someone. The costs of that person's medical bills, hospital stay, rehabilitation, medication and other types of care can really add up. They're off work and may need a source of income. Their spouse and/or dependants may need financial support. Most of us don't have tens or hundreds of thousands of dollars lying around to cover those costs, so that's where your Liability insurance comes in. If you've hit someone's car, it's the same thing. Their repairs need to be covered. Or, their car needs to be replaced. The insurance you pay into helps cover these expenses.

Let's say for example, that you've collided with someone's car while you're driving. The car you collided with may need to be repaired or, it may need to be replaced. Most of us don't have thousands of dollars lying around to cover those costs, so that's where your Liability insurance comes in. The insurance you pay into helps cover these expenses.

Who has to get it?

Every person who drives a car must have insurance.

In Quebec, every person who owns a car must have civil liability insurance.

When do I need to have it?

From the moment you're handed the keys to the car you call your own, you need to have insurance. No matter how often you drive it, or how far you drive it, or even if you just have it stored in the garage, if you own it, you need to insure it.

How do I get it?

There are a few ways to get car insurance. You can go through an insurance broker who offers insurance products for various insurance companies. Or, you can go through an a certified insurance agent, who works for a single insurance company and only sells that company's coverage. Or, you can buy coverage directly from an insurance company through their website or call centre, with the help of an insurance agent.

We'll ask for some information about you, the car you're going to drive, and your driving record. Here's some of the information we may need from you:

Your name, address, gender and birthday

How long you've been driving

The make, model and year of your car

Whether you own or lease your car

How many violations are on your driving record

How many claims you've had

Why is it so expensive? How is the premium calculated?

Everyone's insurance premium reflects their unique situation. When we calculate your premium, we look at a lot of factors, like the theft and crime rates in your area, how often and how far you'll be driving, the type of car you'll be driving, and your driving record. If any of these factors pose a risk for harm due to theft, collision, or vandalism, your premium will might be higher. We also look at how long you've been driving.

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Car Insurance 101 | How Does It Work? | belairdirect

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Are you new to car insurance? Or just want to know a little more about it? We're here to help. Car insurance Insurance may seem a bit complicated, but once you've got a handle on the basics, it gets easier and you can start making confident, informed choices for yourself.

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Picture # 1 - How to read a liability card.

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Picture # 1 - How to read a liability card.

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Here is a photo showing what a typical liability card looks like. Often times these slips are referred to as “pink cards/slips” or “proof of insurance cards.”

This photo shows what information should be on a pink slip and where you’ll be able to find said information.

As of September 2019, a new law was made.  electronic pink slips can now be used as valid electronic pink slips. Therefore, if you get pulled over and have access to an electronic copy of your liability card through your phone, you can provide that to the police officer. No questions asked

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Website # 2 -  Why is insurance so expensive.

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Website # 2 -  Why is insurance so expensive.

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Outlined int this resource is the question everyone who has ever had car insurance asks. Why is Auto insurance so expensive. in simple form the reason why this required product is so expensive is primarily due to high loss ratios. there are more  accidents happening each day and not enough money coming in to cover the accident, because of this companies are needing to charge more.

I chose this because having worked as an insurance adviser for 2.5 years, this is a question that comes up 30 times a day and explaining it 30 times a day can be frustrating. I find this article to break the reasoning down and make it easier to understand for our consumers.

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Canadian auto insurance prices hit a record level in the second quarter, according to our latest Auto Insurance Price Index. Prices rose in every region of the country we cover: from Atlantic Canada to Ontario to Alberta.

While there are a variety of factors that affect insurance prices, one consistent issue we hear when talking to the brokers we partner with, is that insurance companies are fighting high loss ratios - meaning, in many cases they're paying out more in claims than they're taking in from premiums. In a healthy business environment, insurance companies would be making more money from customers than they would be paying out in claims.

As a result, some insurance companies have been reluctant to take on new business, leaving drivers in Canada with less choice - and higher prices.

So what's behind high loss ratios? A few things. The Financial Services Commission of Ontario, which regulates insurance in Ontario, has flagged a couple of issues that have raised the cost of claims - one includes distracted driving accidents, such as when a driver checks his phone while driving. Another is the cost of fixing modern cars, which are filled with a variety of sensors, touch screens and advanced technologies..

Our partners have also pointed to government-imposed caps on insurance pricing as a big reason behind high loss ratios. For instance, in Alberta, an insurance company has the amount it can raise its premiums capped at 5% every year - meaning if claims exceed profits in a given year, insurers can't raise insurance rates to compensate for that.

We'll go into these issues in more detail below. But first, a brief explainer about our index: 100 is our benchmark reading. We set the index to 100 in Q1 2018 and use average prices from that quarter to gauge whether prices are moving up or down in relation to it. A one point move above 100 represents a roughly 1% increase in prices. We collect this data through our auto insurance quoter, which millions of Canadians use every year to compare car insurance prices and which was created in partnership with Applied Systems Canada.

New auto insurance rules still not lowering prices in Ontario

Car insurance prices in Ontario rose 13.85% in Ontario in the second quarter of 2019 compared to the year before, hitting 117 on our index. This marks two consecutive quarters of record prices, with the index reading 109 previously in Q1.

Prices are rising even as the Progressive Conservative government in Ontario recently announced sweeping changes to auto insurance in the province in an attempt to make insurance more affordable. The previous Liberal government attempted to lower prices as well - failing to hit their goal of reducing rates by 15% by August 2015.

Our insurance partners singled out Ontario as one of the provinces where government policy has exacerbated high loss ratios. It remains to be seen whether the changes announced in April will make a difference. But so far, the industry and experts have welcomed what's been presented, which include the following:

Tackling fraud: The Ontario government says it will take a serious run at fraud, which appears to be widespread. One of the proposals is to establish a Serious Fraud Office, which would be tasked with investigating and tracking the industry to weed out bad players who try to game the system.

New discounts: The government wants to improve affordability, and it's open to exploring new insurance discounts to do just that - including those based on credit scores. Currently, insurance companies in the province are forbidden from doing this - experts have argued this allows insurance companies to take advantage of customers, since someone with poor credit and finances may be more likely to settle for a smaller claim. It's expected there will be more discounts proposed, but we'll have to wait for those as the government hasn't released a full list yet.

Driver Care Card: This is a card that would be used by drivers to receive claim payouts. The government says it will help strip fraud and red tape out of the system by allowing the tracking of what benefits are being claimed.

Customized insurance: The province is exploring allowing consumers the ability to pick and choose from more coverages. While you can currently customize your insurance to some extent - such as raising or lowering the deductible - this would likely allow you to decline some coverages entirely if it doesn't make sense for you. The goal, the government says, is to increase competition in the space.

Auto insurance prices in Alberta also hit a new record, rising 16.2% when compared to the same time last year. Insurance companies are blaming it on a government pricing cap that limits the amount that insurers can raise rates.

The current cap is set at 5% - meaning an insurance company can't raise rates more than that in a given year. On the surface, this appears great for consumers, since it means you won't be hit with a huge auto insurance bill you can't afford.

But our partners have been very vocal that this cap is leading to an exodus of insurance companies out of the province - leading to higher prices due to fewer companies offering insurance in the province..

Unfortunately, there's been no clarity from the newly-elected government on what they plan to do with insurance pricing (the cap was brought in by the previous NDP government).

In April, the Insurance Brokers Association of Alberta posted an open letter on its website in an attempt to get the government to listen to what it said is currently a "crisis" in auto insurance in the province:

"The government's current 5% cap on premium increases for auto insurance premiums means that insurance carriers are unable to cover increasing claims costs both for physical damage and for escalating injury claims."

In the meantime, it appears there is no slowdown in rising prices for consumers as our Alberta price index has now hit a record for three-straight quarters.

Increases in Atlantic Canada, but far more mild

Prices in Atlantic Canada are also rising, but the region remains the most affordable in Canada for auto insurance and it registered the smallest increase in pricing in the second quarter- up 13.29% when compared to last year.

Brokers in the region say that high loss ratios are also a challenge, mirroring the trend in Ontario and Alberta.

In particular, high loss ratios have been flagged as "unsustainable" in New Brunswick and Nova Scotia, according to the Property and Casualty Insurance Compensation Corporation.

In April, Grant Kelly, the chief economist and vice president of financial analysis and regulatory affairs, flagged those two provinces along with Alberta as the three where high loss ratios were beyond the breaking point for insurance companies.

The most expensive province for insurance, however, is Newfoundland and Labrador. The Insurance Bureau of Canada pins the blame on the province's lack of limits on minor injury claims. This compares to the rest of Atlantic Canada, where caps exist on the amount someone can make for minor injury claims.

A driver in Newfoundland must pay a deductible of $2,500 on minor injuries, but there is no limit to how much they can claim after that. Insurers say that means they have to pay out much more in claims in Newfoundland and Labrador than in other provinces, which has driven auto insurance prices up.

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High loss ratios keeping car insurance expensive across Canada

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Canadian auto insurance prices hit a record level in the second quarter, according to our latest Auto Insurance Price Index. Prices rose in every region of the country we cover: from Atlantic Canada to Ontario to Alberta.

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This resource goes through the alphabet of insurance terms. These terms are important to know because when you set up your very own insurance policy, you obviously want to know what is being said by the licensed insurance agent that is helping you. I wasn’t fortunate to have this resource when I was setting up my own policy, I didn’t even know what an endorsement was.

If you have the opportunity to learn these, why not do so. I know once I understood what these terms were it made understanding my insurance policy much simpler

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Accident

An unexpected event that ends up causing harm to people and/or damage to their property.

An unplanned event that ends up causing harm to people and/or property.

At-fault accident

When you're considered responsible for an accident you're involved in.

Attendant

A caregiver who helps an injured person get through the tasks of their daily routine.

Catastrophic injury

An extremely serious injury that can end up as a permanent disability or long-lasting medical condition that fundamentally changes someone's life.

Civil liability

Your financial responsibilities when your actions cause harm to someone and/or damage to their property.

Claim

A formal request to an insurance company to be compensated for an injury or loss.

Collision

When a vehicle strikes another vehicle or object.

Deductible

A specific sum deducted from a loss that you need to assume. This is figured out when you buy your policy.

Dependant

Someone, often a family member, who depends on another person for financial support.

Depreciation

When something goes down in value because of wear and tear, age, or by becoming obsolete.

Endorsement

An addition, exclusion or modification made to your standard insurance policy.

Intermediary

An individual between an insurance company and a consumer.

Liability

Your financial responsibilities when your actions cause harm to someone and/or their property.

One-way coverage

Standard coverage that is required by law, such as Liability and Direct Compensation Property Damage (DCPD).

This is having Civil Liability Coverage

Partial loss

When a car is damaged but not completely destroyed.

Policy

A binding contract that outlines all the coverage you're getting from an insurance company.

Premium

The amount you pay to an insurance company for your coverage.

Risk

An unexpected event that can cause injury or loss.

Settlement

Third-Party liability

This covers you if your car hurts someone and/or damages their property.

What an insurance company pays out for your covered claim.

Total loss

When something is damaged beyond use or repair.

Underwriter

A person who looks at all your situation, evaluates your risks and calculates your premium.

Waiver

Something you sign to surrender one of your rights.

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Glossary of Car Insurance terms | belairdirect

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Confirm province, language and consent This site uses cookies. If you do not agree to cookies, please change current settings in the AdChoices Tool. Otherwise, you agree to the use of the cookies that are currently turned on. + Accident An unexpected event that ends up causing harm to people and/or damage to their property.

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I have added this resource because if you have a car insurance policy, you know it can be expensive, you also know that calling over 50 car insurance companies and obtaining quotes can be quite repetitive and time consuming. Plus, who wants to spend all day explaining all their information to random strangers.

Kanetix is a company that helps people get multiple quotes for several different companies to get the best price. They work with over 50 different companies in every province and provide you with the best price available based on your age, gender, car, driving experience and location.

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At Kanetix.ca, we compare quotes from more car insurance companies than anywhere else. We work with over 90 per cent of Canadian auto insurance providers to find you the best deal, the largest network of insurers in the country.

You won't find a better price anywhere else

Kanetix.ca is a one-stop shop for car insurance. Our service is 100 per cent free and you won't find a better price by looking on other websites or going direct. The quotes you see on Kanetix.ca come directly from the insurance companies.

How do insurance companies decide how much to charge?

Provincial governments decide which factors insurance companies can use to calculate rates. In Ontario, for example, the provincial organization is called the Financial Services Regulatory Authority of Ontario (or FSRA). In order for a rate to change, an insurance provider must submit an application to FSRA, which reviews the data before approving or denying the change. Ontario's Insurance companies will look to increase or decrease their rates every three months based on the number and type of claims they have received.

Are car insurance quotes from Kanetix accurate?

Yes. The car insurance quotes you see on Kanetix.ca come directly from the insurance companies. These are the same questions insurers ask as our quotes come from the same database insurers use.

Include as much information as possible when answering the questions to ensure the price you see is 100 per cent accurate.

What happens when I see the car insurance quote that I want?

Once you have picked out a quote that you like, simply connect with one of our ambassadors to lock in the best price.

What will Kanetix do for me once I choose a car insurance quote? Is there a catch?

Once you have selected a quote, speak with one of our ambassadors to get a priority line to the insurance provider. It's a quick process and there is no catch! We make money from the insurance partners we work with, not from you.

Kanetix.ca is free to use and we are dedicated to finding you the lowest rate on car insurance.

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At Kanetix.ca, we compare quotes from more car insurance companies than anywhere else. We work with over 90 per cent of Canadian auto insurance providers to find you the best deal, the largest network of insurers in the country. Kanetix.ca is a one-stop shop for car insurance.

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This video breaks down the typical coverage one would see on their automobile insurance policy, in Ontario. There are 2 types of coverages, both mandatory coverages and optional coverages.

This video clearly explains both bodily injury and property damage liability coverage, uninsured motorist coverage, direct compensation property damage (DCPD) and standard accident benefits. These are all mandatory coverages.

Collision, comprehensive, accident forgiveness, loss of use/rental vehicle coverage, waiver of depreciation and liability to non-owned automobiles are all optional coverages that can be purchased on top of the required coverages

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Ontario Car Insurance – Here’s what you need to know

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Video # 2 - What to do if you've been involved in an accident 

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Video # 2 - What to do if you've been involved in an accident 

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After an accident occurs a few things happen. 1. You’re probably a little shaken up because well you’ve been involved in an accident and 2. You now have to exchange information. But, wait… what information do you exchange? what is needed when you call your insurance company to put in a claim?

First of all, if you involved in an accident, breathe. Is anyone injured? Is everyone safe? Ok, now you need to get the other driver’s information. This video outlines what is important and what to do in the event of a claim. Make sure you know this information. It could really help you

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Steps to Take if You've Been in a Minor Car Accident | Preszler Law

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Video # 3 - How to do an online quote with belairdirect. 

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Video # 3 - How to do an online quote with belairdirect. 

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This video shows exactly what to expect when you do a car insurance quote and gives you a visual representation as to what to expect when you get a quote done online. You can also save on your premium just by completing your quote. To complete your quote, you’ll have to fill out all the necessary information. Once that’s completed, you have a price. Now you can personalize it to get an even better price. You can add tickets, suspensions, accidents. Customise your desired coverages.

Once all these stages are completed and you want to set up the insurance you can click that big button that says, “set up your policy” and you’re done. Yes, it’s that easy

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How To Do an Online Auto Quote With belairdirect

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Picture # 2 - A typical online quote process 

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Picture # 2 - A typical online quote process 

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Online quotes can take you less then 3 minutes to complete, however when you’re doing them it can seem like so much information is needed to get that price. Well, when you do quotes online there is certain information and steps that are required before a the most accurate price can be given. This photo shows you the steps required before you can get your personalized price.

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Video # 4 - Drive safe & safe commercial 

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Video # 4 - Drive safe & safe commercial 

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if you’re such a good driver why not get an additional discount based on your good driving? This is a commercial from an insurance company here in Canada promoting they’re safe driving discount

Many insurance companies have come out with a personalized discount. A lot of people refer to it as the safe driving discount, however different companies call it different things.

With belairdirect as soon as you enroll in the program you save 10%. After 6 months you have the opportunity to save anywhere between 0%-30% based on how many kilometers you drive on an annual basis and your safe driving. The program monitors certain driving habits like speeding and texting and talking while driving.

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Floor It | State Farm® Commercial (featuring Aaron Rodgers)

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1. What did you learn about your topic that surprised you the most?
After having completed this assignment, I feel like I learned more about the different car insurance companies and what they have to offer to the public. Working in the industry, I know a lot about car insurance, specifically my company, but after researching each company and its guidelines and coverages, I can confidently advise my clients whether my company can provide them with the best coverage for their unique situation.

2. Provide a real-life example of how this topic is relevant or interesting
for you.
For me I found this topic to be quite relevant because if you have a license and own a car this is something that is legally required. Even with it being required by law, not a lot of people truly understand what car insurance is for or how to understand the coverages and premiums.

3. If you could pass on your knowledge to a family member or friend, what
do you think is the most important thing to pass on?
If I could pass on my knowledge to a family member or a friend, I would make sure they understand how rates work and why they are what they are. Working in the insurance industry I hear hundreds of clients complain about their premium and why its increased or why it is so expensive. I feel if everyone understood the pricing, we would have less people on the roads driving without insurance and as a result we would be safer.