Car insurance in Canada may go down

 
Monday, June 04, 2012 - 12:54:43 
 
Rating (4.5/5) 4.5 Star Rating 38 users
4 photos
Car insurance in Canada may go down Car insurance in Canada may go down Car insurance in Canada may go down Car insurance in Canada may go down
Some of the car insurance providers have recently indicated in cutting down the insurance price up to some extent. The car insurance association of Canada recently announced about cutting down the cost of cars having value less than $25,000.

When the president of association was asked about how much relaxation will be given to the car buyers in its insurance, he said that it has not yet finalized but this relaxation will surely be not same for all the cars. According to him they are planning to cut down the insurance price by up to 4 percent for the cars having value less than $25,000.

Some reports recently indicated that some people of Canada not buy the cars only because of their high insurance rate. For attracting those people towards the brand new cars, the association has set a plan to offer some relaxation in insurance price. The report also shows that is not just hike the sales of middle range cars in Canada, but also help the insurance providers to cover more and more cars.

A news channel recently broadcasted a news in Canada showing that lot of people sell their cars in Canada just before the expiry of their insurance. They do so in order to save the amount of insurance for their car and buy another used car with insurance already covered. According to the news channel, this is something that affects the sales of new cars in Canada. Also it affects the income of insurance providers in Canada up to a great extent.
In order to attract the people towards renewing their car insurance, the insurance providers are going to offer some discount in the insurance of the cars.

Also some of the other news has shown that some people don’t renew their car insurance in Canada and drive them without insurance. According to news, it is another reason for which the insurance providers are not able to reach their target of covering the autos with insurance in Canada.
Not just the private insurance providers of Canada, but the government insurance firms have also decided to cut down the insurance price up to the possible extent.

When the association of auto insurance providers was asked that about the time period for which relaxation is offered to the car buyers, they said that probably it is for a permanent basis and insurance providers doesn’t have any plan to hike auto insurance prices soon.

Some private auto insurance firms have already started offering some additional services to the people who are buying new cars. Recently a Canadian auto insurance provider has insured some cars for a longer period at a price than was actually less than the insurance period.

Also there are some insurance providers in Canada who are planning to offer some additional services to those who want to cover their old cars with insurance. The insurance providers are offering them a discount of around 10 percent on their next insurance on a condition, and i.e. if they have not claimed for the car insurance even once during the previous year.
Latest Auto News
Chrysler Studies Aluminum-Bodied Jeep Wrangler

Chrysler Studies Aluminum-Bodied Jeep Wrangler

 
Thursday, October 30, 2014 08:25:38
 
Like it or not, change is coming to the Jeep Wrangler. It is something that had to be expected for the iconic four-wheel-driver vehicle. According to Automotive News, Chrysler, now a subsidiary of Fiat, has been...

Bentley GT3-R Continental Reveals its First Review

Bentley GT3-R Continental Reveals its First Review

 
Thursday, October 30, 2014 05:40:28
 
The GT3-R Continental from Bentley has made its fans talking about it even before its launch. Few believe it will be a road legal competing car with a number plate. Few others believe that it is a going to be a special...

Highlights of Sports Star DTM Champion from BMW M4

Highlights of Sports Star DTM Champion from BMW M4

 
Thursday, October 30, 2014 03:34:00
 
DTM Champion is a new edition from BMW M4 which has been manufactured in a limited number that ran away in the DTM Championship of this year. For DTM Championship fans, it was the Audi RS7’s Pilot Drive Concept which...

Honda CEO and executives take pay cuts over recent recalls

Honda CEO and executives take pay cuts over recent recalls

 
Wednesday, October 29, 2014 07:42:19
 
Honda Motor’s President and few other executives have decided to take valid amount of pay cuts since the company informed about fifth recalls of its new Jazz Hybrid in the coming year. As per a trustworthy report,...

Next generation Audi RS4 might ditch V8 engine

Next generation Audi RS4 might ditch V8 engine

 
Tuesday, October 28, 2014 15:46:56
 
The German Company seems to ditch the V8 from its next generation 6-cylinder engine model Audi RS4 across board following footsteps of the BMW M3/M4 which been recently got launched. Perhaps, this is because the...

Trion confirmed Nemesis RR supercar for 2016 with 1500Kw, 435km/h
Californian Supercars Trion within a year time will begin Nemesis RR 1500kW production. Its projects will launch in 2.8 seconds 0-96.6km/h (0-60mph) and having top speed of 435km/h. the 9.0L twin-turbocharged V8...

10 Years Of BMW Series 1 Compact Driving Pleasure

10 Years Of BMW Series 1 Compact Driving Pleasure

 
Tuesday, October 28, 2014 09:30:38
 
The BMW 1 Series production started in 2004 at BMW’s plant in Regensburg, which was significantly expanded to manufacture the new model. The new facilities excelled with high levels of efficiency and flexibility,...

Audi Might Launch Range Of Performance Diesels Without RS Badge
Along with the presentation of the RS5 TDI Concept, rumors of a range of performance diesels from Audi began to intensify for a while now. Hollerweger Heinz, director of Quattro GmbH, has revealed some information...

BMW Celebrates 15 Years Of X Models

BMW Celebrates 15 Years Of X Models

 
Monday, October 27, 2014 09:42:56
 
Once upon a time there was the letter X. This letter was first used to describe a BMW from the mid 80s to indicate that the car benefit from four-wheel drive technology. 15 years ago, the letter X became the...

Dealers Offer Treats to Halloween Customers

Dealers Offer Treats to Halloween Customers

 
Monday, October 27, 2014 06:08:35
 
Trick or treating and Halloween are meant to go together just like peanut butter and jelly or fish and chips. This year, though, there seems to be a new tradition starting at car dealerships across the country, Halloween...

NHTSA Expands Recall to 6.1 Million as Airbag Issue Explodes

NHTSA Expands Recall to 6.1 Million as Airbag Issue Explodes

 
Monday, October 27, 2014 02:54:34
 
The National Highway Traffic Safety Administration has expanded its recall of vehicles equipped with Takata-manufactured airbags to 6.1 million vehicles. The expansion follows what seems to be an explosion of...

GM, Chrysler Likely To Rain on Ford F-150 Launch

GM, Chrysler Likely To Rain on Ford F-150 Launch

 
Sunday, October 26, 2014 05:42:35
 
If the world of automobile marketing were politically correct, General Motors and Chrysler would step aside and let Ford have the pickup truck spotlight as the number two automaker stages its awaited launch of the...

Top 10 Concepts From 2014 Paris Motor Show

Top 10 Concepts From 2014 Paris Motor Show

 
Saturday, October 25, 2014 13:55:19
 
The Paris Motor Show has attracted a wide range of automotive concepts this year. These concepts announce the next series models or design lines that carmakers will address in the future. Citroen C1 Urban It's...

Top 10 Series Models Presented At 2014 Paris Motor Show

Top 10 Series Models Presented At 2014 Paris Motor Show

 
Saturday, October 25, 2014 13:43:46
 
The Paris Motor Show this year is over, so it’s time for a quick review of the good stuff we got to see there. Dokker Stepway Dacia / Dacia Lodgy Stepway A double premiere with the Dokker and Lodgy models took...

2014 Paris Motor show Unveils Lamborghini's Asterion Hybrid

2014 Paris Motor show Unveils Lamborghini's Asterion Hybrid

 
Saturday, October 25, 2014 13:34:47
 
Lamborghini has now unveiled its much waited Asterion LPI910-4 during the Paris Motor show, 2014. This model has been named Asterion as it looks like a mythical creature and the Greek word Asterion means nothing...

New Ford S-MAX seven-seat revealed at Paris Motor Show 2014

New Ford S-MAX seven-seat revealed at Paris Motor Show 2014

 
Friday, October 24, 2014 14:06:33
 
Ford unveiled its new S-MAX having seven-seat and other features including fresh engines, sporty design and more of premium features at Paris Motor show 2014. According to Ford this FORD S-MAX model will boast the...

New HONDA HR-V returns with the badge at Paris Motor Show

New HONDA HR-V returns with the badge at Paris Motor Show

 
Friday, October 24, 2014 13:03:25
 
New HONDA HRV will not only sit on next generation platform of Jazz with same engine concept in next year showrooms, but at the moment Honda HR-V looks good with its badge return at the Paris- Motor Show 2014. Although,...

Paris Motor Show 2014 - Mondial de l'Automobile 2014
Your adv in this site
Latest crashtest
Crashtest Volkswagen Touran 1.6 - 2003
Adult:
*****

Pedestrian
***
Crashtest Volkswagen Touran 1.6 - 2003
Adult:
****

Pedestrian
***
Crashtest Volkswagen Touareg 2.5 TDi  - 2004
Adult:
*****

Child
****

Pedestrian
*
 
Visitors online - 32
©2009-2014 Auto Types. All rights reserved. | Privacy Policy | Mobile version