The top 10 most commonly stolen vehicles in Ontario have been released by Canadian company Équité. We wanted to do an in-depth look at vehicle theft frequency, rather than sheer numbers. In essence, we wanted to answer the question, what type of vehicle is most likely to be stolen if you were going to purchase one? The following numbers are based on the rate at which a specific vehicle is stolen proportional to the number of vehicles on the road.
4 min read
Risk Revealed: Ontario's Top 10 High-Theft Vehicles
By Jake McCoy on Feb 12, 2025 2:00:00 PM
Topics: Auto Insurance Car Insurance theft
3 min read
Outbuilding Coverage for Home Insurance: What You Need to Know
By Jake McCoy on Feb 8, 2025 7:00:00 AM
When most people think of home insurance, they typically think of coverage for the main structure of their home. However, many homes also have additional structures on their property, such as sheds, detached garages, or barns. These structures are commonly referred to as outbuildings, and they can be just as vulnerable to damage or loss as the main house. That's why it's important to understand outbuilding coverage for home insurance. Here is some information to help make sure you have the right protection in place.
Topics: home insurance property insurance
3 min read
Are Insurance Claims Taxable in Canada?
By Jake McCoy on Jan 30, 2025 12:10:25 PM
A question that I get asked from time to time is: The money that is paid out in an insurance claim, is that taxable? This creates an interesting question about what is considered income. In order to answer this question, we wanted to look at a few scenarios.
Topics: Insurance Claim claim
4 min read
What the $250 Billion LA Wildfire Indicates About the Future of Insurance
By Jake McCoy on Jan 29, 2025 12:11:52 PM
In early 2025, Southern California experienced one of the worst natural disasters in US history. The LA wildfires claimed the lives of 28 people, destroyed over 17,000 structures, scorched 35,000 acres, and displaced more than 150,000 residents. According to AccuWeather, the total economic impact—including damages, loss of life, healthcare costs, business disruptions, and other economic factors—is estimated between $250 billion and $275 billion.
Topics: fire insurance disaster house fire
4 min read
How Much is Auto Insurance In Alberta? A 2024 Recap
By Jake McCoy on Jan 17, 2025 10:15:00 AM
Auto insurance is a necessity for drivers in Alberta, but how much does it actually cost? In 2024, Armour Insurance analyzed our data to provide a clear look at the average, median, and highest premiums paid by Albertans. With this data, we aim to demystify auto insurance costs and help drivers better understand what factors influence their rates,we aim to help Alberta drivers get a baseline for coverage costs.
Topics: Auto Insurance Alberta Car Insurance Reform
7 min read
How Much is Recreational Insurance In Alberta? A 2024 Recap
By Jake McCoy on Jan 16, 2025 11:00:00 AM
Recreational vehicles and watercrafts bring Albertans endless opportunities for fun and adventure, but they also come with responsibilities, like insurance. In 2024, Armour Insurance analyzed data on premiums for motorcycles, boats, RVs, trailers, ATVs, and snowmobiles to provide a clear picture of how much recreational insurance costs in Alberta. By sharing these insights, we aim to help recreational enthusiasts get a baseline for coverage costs.
Topics: Recreational Insurance Alberta Insurance
7 min read
How Much is Property Insurance In Alberta? A 2024 Recap
By Jake McCoy on Jan 13, 2025 3:05:12 PM
Owning or renting a property in Alberta brings important responsibilities: Like property insurance. In 2024, Armour Insurance analyzed data on home, condo, and tenant insurance premiums to provide a general picture of property insurance costs in Alberta. By sharing these insights, we aim to help homeowners, condo dwellers, and tenants understand their coverage needs and get a baseline for protecting what matters most.
Topics: home insurance property insurance Tenants Insurance Condo Insurance
2 min read
Photo Radar Reform in Alberta: Restricted to School, Playground, and Construction Zones
By Jake McCoy on Dec 5, 2024 9:00:00 AM
On December 2, 2024, the Alberta Government unveiled major reforms to the use of photo radar by municipalities, set to take effect on April 1, 2025. These changes aim to reduce the number of active photo radar locations from 2,200 to approximately 650, a significant reduction of about 70%.
Topics: Car Insurance Alberta Car Insurance Reform
2 min read
Does Turning Down Your Thermostat at Night Save Money?
By Rob Stevenson on Dec 3, 2024 5:15:00 AM
9 min read
Alberta’s Auto Insurance Overhaul Unpacked: A Complete consumer Guide
By Jake McCoy on Nov 29, 2024 10:00:00 AM
Alberta’s auto insurance market has been at the center of scrutiny and controversy for many years. Headlines about reports on public vs. private auto insurance, rate freezes, rate increases for safe drivers, insurance companies leaving the province, and the latest announcement about Alberta’s sweeping changes to the insurance industry. With all of this in mind you might be asking yourself: What is happening to Alberta car insurance? We’d like to take an opportunity to break down the state of Alberta auto insurance and what changes could look like.