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A new auto insurance policy for casual drivers is now available from the Canadian Automobile Association (CAA), allowing drivers to pay every 1,000 kilometers.
The CAA MyPace program addresses those who drive less. According to Matthew Turack, president of CAA Insurance, "we see that low-mileage drivers … deserve to pay less for their auto insurance premiums," he says.
To be part of the program, drivers must install a device in their car that tracks the mileage and sends it to CAA. They will be charged every 1,000 kilometers. There is an initial base rate plus the first 1,000 kilometers that drivers pay in advance.
The company first launched a "pre-sale" for this insurance policy and Turack said that they saw a lot of requests. 19659007] He said that this type of payment policy is suitable for those who can use a combination of transportation options, such as a person who can only drive to a transportation center and transfer into a city bus to go to work. The CAA website says that a driver could save up to 30% over a traditional premium policy when he travels 5,000 miles. However, once you have reached 9,000 kilometers, there is no difference in cost compared to traditional politics.
"Once you have traveled 9,000 kilometers, you have reached the amount of your usual premium. For those who bypbad the 9.000 mark, the difference will be whether you prefer to have scheduled auto insurance payments, or irregular payments when you reach each brand.
However, all vehicles will not work
The program is not available for motorcycles, vehicles manufactured in 1997 or before and electric and diesel vehicles manufactured in 2005 or earlier.
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