Home
Search:
1146 feeds
357 categories
0 articles (<24 hours)
28 registered users

Use the Mobile version
Mobile

Follow our Twitter feed

View our Linkpartners
Links

Username:
Password:

Register | Retrieve

Travel


RSS Feeds`Pay as you go´ auto insurance rolls out in Ontario
(The Star Travel)

 
 

24 may 2018 03:26:24

 
`Pay as you go´ auto insurance rolls out in Ontario
(The Star Travel)
 


Ontario motorists who log less than 9,000 kilometres a year can save on their auto insurance premiums under a “pay as you go” program billed as the first of its kind in Canada.Called MyPace and offered by CAA Insurance as an option for customers in the province starting in July, the program lets motorists monitor how much they drive and pay for insurance based on that mileage.“We believe that insurance options should be designed based on individual lifestyles and the various stages of people’s lives,” CAA Insurance president Matthew Turack said Wednesday at Toronto’s Union Station.“People should be able to access the insurance they need, when they need it, at a price and payment schedule that works for them.”The program uses a device plugged into the vehicle that connects to a mobile app or web portal used to track data on kilometres driven, time and distance of the trip. The program is distinct from insurance offerings that monitor variables such as the speed of the car and braking patterns that can be used to gauge personal driving habits as a factor in premium rate calculations.“What is unique about this program is it’s based only on mileage,” said Steve Kee, a spokesperson the Insurance Bureau of Canada, the national industry association. He called it a welcome layer of choice for drivers amid a spike in pump prices and in a province where drivers pay the highest auto insurance rates in Canada, according to a report for the province’s Liberal government last year.“Auto insurance has been front of mind for a lot of Ontarians,” said Elliott Silverstein, manager, government relations, CAA South Central Ontario. “For those who are low-mileage drivers (this) marks an important step in the modernization of insurance in Ontario.”Drivers who choose to enrol in MyPace will have kilometres loaded automatically in 1,000-kilometre increments and receive a notification to let ...


 
15 viewsCategory: Travel
 
Facing refugee influx, Toronto triggers emergency shelter plan
(The Star Travel)
10 of the best seaside cafes and restaurants in the UK: readers´ tips
(The Guardian Travel News)
 
 
blog comments powered by Disqus


Copyright © 2008 - 2024 Indigonet Services B.V.. Contact: Tim Hulsen. Read here our privacy notice.
Other websites of Indigonet Services B.V.: Nieuws Vacatures Science Tweets Nachrichten