Ontario auto insurance rates drop, but still short of August 2015 target

TORONTO _ Auto insurance rates in Ontario have dropped about 10 per cent on average in the past couple of years, putting the Liberal government two-thirds of the way to a goal that passed eight months ago.

The Liberals promised in August 2013 to reduce car insurance premiums an average of 15 per cent by August 2015 as part of a deal to get NDP support for that year’s budget when they were still a minority government.

But after August came and went last year with the government’s target not even halfway met, Premier Kathleen Wynne said she always knew it was a “stretch goal.”

The latest numbers from the Financial Services Commission of Ontario, for the first quarter of 2016, show that approved rates decreased on average by about three per cent.

The government introduced legislation last year that it says will lower costs for insurance companies and will lead to reduced rates for drivers.

Finance Minister Charles Sousa says the government has made progress, but further reductions must be made “in a fair and practical manner” and the auto insurance industry must also do its part.


Aggressiveness increases behind the wheel, inside Service King & the disturbing truth behind abandoned supercars

Aggressiveness increases behind the wheel, inside Service King & the disturbing truth behind abandoned supercars

Toronto, Ontario — April 21, 2016 — This week we dip into a study that confirms some really, really obvious things, a profile on the folks behind US consolidator Service King and why supercars are being abandoned throughout the United Arab Emirates.

An insurance company has done a study confirming what most know: More than half (57 percent) of adults act “more aggressively than normal when in the driver’s seat.” According to research from Churchill Car Insurance, 31 percent of respondents have sworn at strangers while they were driving, compared to only 12 percent when face-to-face. As well, “26 percent of motorists have shouted at others when behind the wheel, but only 12 percent have done so in person.”

The report also found that “younger people are also more likely to be rash, with 62 percent of those aged 18 to 34 having acted aggressively, while 49 percent of those aged 55 and up did so.” The most common excuse given for aggressive behaviour in the car is to vent frustrations (50 percent), followed by “it’s a bad habit” (30 percent), and “It isn’t a conscious decision, I just get angry in the car” (29 percent). According to a report on the research, “There is a psychological basis for this, as drivers feel disassociated from their environment when in an enclosed space such as a car. This allows them to express anger and frustration towards other drivers, and even life in general, with low risk of conflict.”

Read More Here: 

Source: Collisionrepairmag.com

Polaris to recall 133,000 recreational all-terrain vehicles

Polaris to recall 133,000 recreational all-terrain vehicles

Source: REUTERS – Polaris Industries Inc will recall about 133,000 recreational all-terrain vehicles in the United States as they pose a fire risk.

Recall Summary

Name of product: Polaris RZR recreational off-highway vehicles (ROVs)

The recall involves RZR 900 and RZR 1000 vehicles of model years 2013 to 2016, the U.S. Consumer Product Safety Commission (CPSC) said in a statement on Tuesday.

The recalled vehicles, sold between July 2012 and April 2016 for $16,000-$26,000, can catch fire while driving, putting drivers and passengers at risk.

Polaris has received more than 160 reports of fire involving the models, resulting in the death of a 15-year-old passenger, the CPSC said.

Polaris will suspend the sale of affected vehicles until they are repaired, the U.S. consumer product safety watchdog said. The CPSC urged owners of the recalled vehicles to stop using them immediately.

Consumer Contact:

Polaris at 800-POLARIS or 800-765-2747 from 8 a.m. to 9 p.m. CT Monday through Friday and 9 a.m. to 5 p.m. CT Saturday and Sunday or online at www.polaris.com and click on “Off-Road Safety Recalls” on the main page of the Polaris web site.

Kanetix.ca survey finds a positive shift in consumer attitude towards hybrid and
electric vehicle use

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Turo: It’s like AirBnB for car owners and there’s money to be made

Pioneering car rental marketplace Turo announces today its launch into Canada, marking its first expansion outside of the US. Empowering Canadians to turn their idle cars into earning engines and inject more personality and value into the car rental experience, Turo is the first peer-to-peer car rental company in Canada.

Putting Canada’s 23 million vehicles to better use, Turo allows car owners to offset the cost of car ownership by renting their idle vehicles to pre-approved travellers, while helping travellers find the perfect vehicle for their next adventure. Cars rented on Turo typically cost 30 per cent less than traditional car rentals. Members of the Turo community pay no membership fees, and each trip is backed by Turo’s leading trust and safety protections, including $2 million in auto liability insurance and 24-hour roadside assistance.

“This is a significant milestone in our history; our first international launch and the opportunity to make car ownership and travel inCanada more accessible,” said Turo CEO, Andre Haddad. “The average compact car costs $9,500 per year to maintain. For the first time, Canadians can earn money from their cars and help fuel travellers’ adventures, all while being part of a vibrant community. It’s a significant step towards realizing our mission of putting the world’s one billion cars to better use.”

Customers of Intact Financial Corporation’s two largest brands, Intact Insurance and belairdirect, are eligible to list their vehicles on the Turo platform. Both insurance providers have modified their guidelines to allow customers to join the Turo community.

“We’re excited to offer Intact Insurance and belairdirect customers Canada’s first peer-to-peer car rental insurance option. Turo’s rental platform will offer consumers greater choice,” said Karim Hirji, Senior Vice-President, International & Ventures, Intact Financial Corporation. “As a customer-driven organization, Intact remains committed to designing unique insurance products to meet the evolving needs of Canadians.”

Turo operates in Alberta, Ontario and Quebec and will expand its marketplace nationally. At launch, Intact Insurance and belairdirect personal lines automobile policyholders will be eligible to list their cars on this new peer-to-peer car rental marketplace. Customers must speak to their broker or agent before participating. Turo is working to prompt other Canadian insurers to allow their policyholders to enjoy the benefits of renting out their cars on the marketplace as well.

Turo, founded in 2009 and headquartered in San Francisco, has grown to operate in over 2,500 cities and 300 airports in North Americaand has safely facilitated over 1 million rental days to date. The average active US member makes USD $600 per month renting out a car in the marketplace.

About Turo

Turo is a car rental marketplace where local car owners provide travellers with the perfect vehicle for their next adventure. Across the country or across town, travellers choose from a unique selection of nearby cars, while car owners earn extra money and help fuel the adventures of travellers from around the world. A pioneer of the sharing economy and travel industry, Turo is a safe, supportive community where the car you rent is part of a story, not a fleet. Whether it’s an F-150 truck to help out on moving day, a Tesla for a luxurious weekend away or a classic VW bus for a picture-perfect road trip, travellers rent the car and own the adventure. Discover Turo at turo.com.

SOURCE www.turo.com

Canadians Don’t Trust Autonomous Vehicles, Yet


Canadians are wary of driverless cars, according to research released by the Canadian Automobile Association (CAA) on the eve of a major conference looking at the future of autonomous vehicles.

Nearly two-thirds (63 per cent) of Canadians say they would not trust a vehicle to drive itself while they are in it, stating concerns such as vehicle hacking, theft of data generated by the vehicle, and accountability in the event of an accident.

Despite their doubts today, Canadians still believe there are benefits to driverless cars in the future, such as improved accessibility for people with mobility issues and fewer road safety incidents due to reduced human error. In fact, more than half (57 per cent) of Canadians say they think this technology will advance to a point where they would fully trust a driverless car in the next 10 years.

“Canadians clearly see the potential. We are just not there yet. Conferences like this one will help advance the dialogue around the pros and cons of this new technology,” says Jeff Walker, Vice-President of Public Affairs for CAA National. “Wherever the debate leads, CAA will be there to make sure the views of the driving public are well represented.”

The public opinion research was done in conjunction with the Conference Board of Canada’s conference, Automated Vehicles: Planning the Next Disruptive Technology, being held tomorrow and Wednesday in Toronto. CAA, which is sponsoring the conference, will also moderate a panel on the privacy considerations surrounding driverless cars on Tuesday at 2:45 p.m.

The results are based on a survey of 2,090 representative Canadians, conducted between March 23 and March 30, 2016. A probability sample of the same size would yield a margin of error of ±2.2%, 19 times out of 20.

CAA is a federation of nine clubs providing over 6.2 million Members with exceptional emergency roadside service, complete automotive and travel services, member savings and comprehensive insurance services. CAA also advocates on issues of concern to its members, including road safety, the environment, mobility, infrastructure and consumer protection.

SOURCE Canadian Automobile Association

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