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.

When your child moves away from home for college or university, there are important changes and responsibilities to consider. Along with the emotional stress of having your young graduate leave home, you also need to consider what the move means for your finances and insurance policies. Being informed about your Edmonton insurance coverage is crucial for your child’s protection and wellbeing. While many policies extend parents’ coverage to kids in university, other policies encourage college students to purchase their own insurance.

“Parents need to know whether their insurance extends to their children when they are buying a car or moving into an apartment or residence,” says Wayne Ross, insurance expert at Aviva Canada. “You could find yourself facing a financially-stressful situation that could easily have been avoided.”

Road trips are par for the course in the summer, so stone chips and glass repair are part of life as a vehicle and carinsurance owner. Windshields get chipped and cracked all the time. While stone chips often occur at the most inopportune times, they cannot be neglected and should be attended to in short order.

With car insurance rates potentially on the rise one consideration when purchasing a car is whether it may be a target for theft. Vehicles targeted for theft are more expensive to insure. High end vehicles are often targeted by criminal organizations who then sell them for parts. To help avoid buying a stolen car consumers can buy from reputable dealers, and reputable repair shops. Get a car history report to lessen the chances of becoming a victim of auto theft.

All over the news and radio are reports of a hike in Auto Insurance rates in Alberta of 10-13%.