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Car Insurance Facts
Did you know that car insurance payouts have been on the rise in recent years? It’s true — in 2019, car insurance companies in Canada covered approximately $18 billion worth of vehicle damage. This is a drastic difference from the past. For instance, in 1990, car insurance providers only covered $6 billion in damages.
On the other hand, are you aware that car insurance prices range from province to province? For instance, the average in some provinces is as high as $1680, while in others, it’s as low as $640!
Volkswagen is a German auto manufacturer with its headquarters located in Wolfsburg, Germany. The company was founded in 1937 by the German labor front and was intended to be an affordable car for everyday people. Cars were a luxury and in the early 1930s, only 1 in 50 owned a car, most Germans couldn’t afford anything more elaborate than a motorcycle. So, Volkswagen sought a potential new market with the people’s car project.
To this day the company provides reliable and reasonably priced vehicles for the average driver. They also have three of the top-selling vehicles of all time - the Golf, Beetle, and Passat. Volkswagen is one of the leading auto manufacturers worldwide.
Volkswagen Canada is headquartered in Ajax, ON and they were first shipped overseas in 1952.
if you’re looking to get a Toyota vehicle, that’s where Surex comes in. We can help you find the right insurance for your car!
FAQ’s about Tesla car insurance
Teslas are more expensive than many other cars to insure, mostly because of their high repair costs - which in turn can increase the cost of collision coverage. You can expect to pay between $2,000 to $3,000 per year.
Electric vehicles, on average, have higher rates in general; they have a higher value, are expensive to repair, and have higher claim costs.
But, as you know, it’s hard to put an exact number of what you will pay for your insurance because it largely depends on the type of vehicle you drive. Insurance providers look at the year and the model you choose to buy, your driving history, the number of kilometers you drive each year, and where you live.
Yes. Tesla and most hybrid and electric vehicles are expensive to repair. Replace parts are expensive and specialized mechanics are needed to perform maintenance.
The Tesla Model S is more expensive than other models because the body panels and structure are mostly made from aluminum, not steel, which is difficult to work with.
Here are some things to consider when trying to keep your car insurance rates down:
- Age - we all know young drivers have higher insurance, but it does go down as you get older and get more driving experience under your belt.
- Bundle and Save - you can save money by bundling your other insurance policies together. If your provider offers both home + auto or tenant + auto, you should be eligible for savings.
- Clean driving record: Your insurance provider may recognize and reward drivers with a clean driving record.
- Raising your Deductible: Drivers who are willing to pay a higher deductible may have the option to lower their premiums.
- Driving course/school: Taking a driving course can help with your insurance rates and see some savings
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