Im considering buying a new car and would like to keep my insurance costs down. Do certain models of cars cost less to insure than others?
The Canadian Loss Experience Automobile Rating system (known as CLEAR) is the system that most insurers now use in calculating automobile insurance rates. This system bases rates on each vehicle model’s claims experience, including cost of repairs, frequency and severity of injury claims, and frequency of theft. But the kind of vehicle you drive is only one factor insurers take into account when calculating your premium. Others factors include your driving record, your location, and how far you drive on a regular basis.
