https://padlet.com/isiah_gibson/9lbtqqbj5yd7 Made with ♥ en-us 2018-03-29 22:49:28 UTC 2023-02-03 05:29:15 UTC hello@padlet.com isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247410317 2018-03-29 22:58:57 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247410317 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247410497 Within the posts on this padlet wall I will be taking a look at various aspects pertaining to auto insurance. Some of the topics covered will be : How does Auto Insurance work, What Type of coverage best suits you and Insurance rates in Ontario.]]> 2018-03-29 23:01:50 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247410497 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247411140 First off lets take a look at this website link posted below. This webpage describes what insurance is and how insurance companies work in four bullet points. Before we can discuss insurance we must first understand how it works - 
1. Premiums - A premium is the rate a customer pays per year for on their insured vehicle(s) .A Premium is based upon how much money an insurance company thinks they will need to pay for the coming year’s claims.
2. Insurance companines then compile their customers premiums into a pool.
3. This pool of premiums is then used to pay for the losses of the people who make claims within that year.

]]> 2018-03-29 23:11:58 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247411140 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247412088 They're four types of insurance - 
1. Collision 
2. Specified perils 
3.Comprehensive 
4. All perils 
The Link posted below give a more in depth explanation as to what extent of coverage a customer can expect from these various types of plans. Making an informed decision is the best option when seeking to protect personal assets. ]]> 2018-03-29 23:29:37 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247412088 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247572100 This video reveals the most expensive auto insurance rates across Ontario based on which city a person resides in. The driving behaviours of motorists within a particular city is what contributes to the rate at which insurance companies offer premiums yearly.
People living in densely populated areas such as Brampton , Vaughn , Mississauga and Toronto can pay up to 65% above average premium rates. ]]> 2018-03-31 03:49:48 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247572100 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247573241 Every city has various regulation laws but all states require proof of insurance at all times within the vehicle.  Failure to produce proof of insurance can result in the drivers license plate being suspended until proof is provided. 
In Ontario it is mandatory that drivers have liability. This protects drivers from the costs of injuries or damages caused to others.]]> 2018-03-31 04:24:58 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247573241 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247574109 This Website link below , gives some insight as to how premiums are calculated ,what factors insurance companies take into consideration and how to lower your insurance rates.
Some factors that can affect a customers premium costs are :
1. Age 
2.The model and year of the vehicle being insured
3. Driving records 
4. Where does the customer live.]]> 2018-03-31 05:00:11 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247574109 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247574713 A claim is written documentation stating your loses or damages incurred to your possessions. A claims specialist is assigned by insurance companies to look after a claim and determine how much damage does the insurance company plan to cover. 

Upon documenting your insurance claims be sure to take photo for evidence with your cellphone. Be sure to state how the accident happened, the time, date and location. Also be sure to have all Insurance information (i.e. driver’s license, plate numbers, insurance companies) and contact information (i.e. names, addresses, phone numbers) of drivers, passengers and witnesses all listed on your claims form.

]]> 2018-03-31 05:25:58 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/247574713 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249463753 1. Every 4 to 8 hours in Canada large collisions are caused by wildlife.
2. Peak times for animal collisions occur between May - June & October - January 
3.Over $240 million in annual collisions costs occur in British Columbia alone.]]> 2018-04-07 20:37:57 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249463753 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249608443 The Infographic below gives us an insight into some statistics surrounding auto insurance fraud in Canada.]]> 2018-04-09 01:04:46 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249608443 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249608918 The infographic below displays a few statistics pertaining to the car industry in canada. 
It is shown that millennials make up 40% of the population which currently purchases cars. 
This can lead us to the conclusion that millennials are in fact one of insurances companies largest demographic.]]> 2018-04-09 01:09:05 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249608918 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249645853 2018-04-09 05:01:53 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/249645853 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/250086606 Upon doing research and studying the various factors that can affect an insurance premium. I was lead to this.. how will insurance companies adapt to the new trends in the auto industry of self driving vehicles? 

Will consumers see the need to purchase larger insurance premiums ? Or will most people just settle for basic coverage in hopes that their vehicles are really now smart.

Which ever a person chooses to do I personally believe we should all have insurance and insurances companies will find a way to adapt and sell premiums.]]> 2018-04-10 01:33:53 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/250086606 isiah_gibson https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/250088751 When purchasing a new vehicle drivers may want to shop around for the best insurance options. 
Many auto companies offer insurance directly to the consumer . This may prove to be a better option when it comes time to have your vehicle evaluated for resale. 
See video below for example.. ]]> 2018-04-10 01:46:39 UTC https://padlet.com/isiah_gibson/9lbtqqbj5yd7/wish/250088751