Will Auto Supply Chain Issues Affect My Insurance Claims?

white vehicle in mechanic shop; auto supply chain issues

 

We’ve all heard the news about supply chain issues. But if you haven’t, here’s a one sentence summary: it’s a mess. And that also applies to auto supply chain issues. Canadians are experiencing record-high pricing for new and used vehicles and car repairs. 

So what does that mean for your insurance? Could your claim or even premium be affected? 

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Most Commonly Stolen Cars Canada

When buying a new vehicle, you may want to think about what cars are most commonly stolen in Canada. The most commonly stolen cars in Canada change regularly as trends and security risks change. The reason you may want to know what the most commonly stolen cars in Canada are before buying your next vehicle is so that you can reduce your risk, and potentially reduce your insurance costs. The annual list of the top 10 stolen vehicles in Canada is published by the Insurance Bureau of Canada to highlight vehicles that are most at risk.  This year, newer SUVs dominate the list. 

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Mandatory Car Insurance in Alberta

You have just passed your road test, and your vehicle has been successfully inspected and registered, so what’s the next step? Before you can legally drive in Alberta you need to understand the differences between the many types of auto insurance and the degrees of coverage they offer. Not all insurance is mandatory to operate your vehicle in Alberta, so here is a quick guide to understanding the provincial requirements and the penalties for disobeying them. Continue reading

Buying a New Vehicle? The Make and Model of Your Vehicle Can Affect Your Insurance Premium.

Are you buying a new vehicle? If so, you might be interested to know that how the car you choose is rated affects your premium. Most people know their driving record affects their insurance premiums, but many aren’t aware of how much the car they buy affects their rates too. Additionally, there are other things you might not know about how your car impacts your insurance premiums. Here is what to consider when shopping for a new car: Continue reading

What to do if Your Car Insurance Claim is Denied

So you had a car accident and now your insurance company isn’t going to fix your car. Don’t panic! The good news is there are established avenues in place to resolve conflicts between you and your car insurance company. It doesn’t matter if the dispute involves the settlement value of a total loss of the vehicle, the cost of getting a vehicle repaired, the extent of injuries, or who is at fault. There are ways to get your issues heard without having to go to court. Continue reading