There have been a number of warnings from media and the insurance industry about Alberta rate increases over the past while. Weather and flood damage has take it's toll on insurance company coffers over the past couple of years and it's true that they are making adjustments to help sustain insurance products that work for all Canadians.

In a statement released to brokers this afternoon Wawanesa Insurance announced that they have released a new option for reporting car insurance and home insurnace claims online. 

Filling up your gas tank may seem like a pretty simple task, but if you were to watch people at the pump you'd begin to notice some nuances to how every one does it. For example: you may be the type of person who plays the market and only puts $20 in, hoping that prices will go down next time you need gas. Or you may fill your tank right up stopping when the pump clicks off. OR you may be the one who always tops up the tank even after the pump has stopped once.

Auto Insurance by Province

With statistics like the ones below, letting your teen take the wheel for the first time can be a scary experience for parents. It's important to ensure that your son or daughter is given the tools to keep them as safe as possible on the road.

Providing car insurance for a teen driver can be an expensive endeavour. The fact is that as new drivers, teens are perceived to be a higher risk for insurance companies. Our brokers hear questions like these on a daily basis: 

Sometimes navigating a parking lot can feel like a free for all. In fact, even though a parking lot accident can affect your car insurance premium just as much as a road accident, it can be very difficult to determine who's at fault. In most parking lot accidents all drivers are considered to be equally at fault.

Don't Buy a Lemon!

In the market for a new set of wheels, or, new to you, that is? If so, tread lightly because buyers can be taken for a ride if they are not careful. To avoid purchasing a car with hidden problems, consider the following buying precautions:

Soon the roads will be slicker than a skating rink and we want you and your families to stay safe, and avoid unnecessary car insurance claims.

Your neighbour drives a BMV M Roadster, while you get around in a sporty 2000 Honda Civic SiR. You both have clean driving records and travel the same distance to work. The BMV is worth more than the Civic, and then the shock comes—you’re paying more for auto insurance. Consumers are left asking why—well, the answer is clear.

Every vehicle make, model and year available in Canada is rated according to the Canadian Loss Experience Automobile Rating (CLEAR) system. This rating system assesses each type of vehicle based on expected claims frequency and cost, and the likelihood the vehicle will be stolen. This assists in calculating insurance rates—the lower the claims risk, the lower the rates, and the higher the claims risk, the higher the rates.