Car Insurance Rates: a “CLEAR” Picture
Majority of insurance companies in Canada use the so-called “CLEAR” system. It stands for Canadian Loss Experience Automobile Rating. Because of this, you can say remember- car insurance rates: a “CLEAR” picture. This system is able to group driver’s claims, cost of repairs, severity claims, and incidence theft in an organized manner. Car insurance rates: a “CLEAR” picture is a policy system that offers safety features for new cars. Airbags, anti-lock brakes, and anti-theft devices make rates on insurance less. This is in comparison to older cars that are prone to accidents. In effect, the “oldies” cost more to repair. The CLEAR system is recognized by the Consumers’ Association of Canada. This system encourages car manufacturers to produce cars with installed safety features.
