Many of us switch to winter tires for improved handling in the snow and ice, but over time they wear down and the rubber becomes stiffer so they lose their advantage over regular tires. Following our article last month on the costs and benefits of winter tires (https://sukhuinsurance.ca/resource-centre/winter-tires-and-your-auto-insurance/), this month we’ll discuss some indicators on whether our winter tires are…
As we head into winter in Ontario, people are making the switch over to their winter tires for improved handling in the snow and ice. However not everyone uses them, as some people make due with all-season or all-weather tires. Following our recent article on how claims and tickets affect your insurance rates (https://sukhuinsurance.ca/resource-centre/how-claims-and-tickets-affect-your-auto-insurance), today we explore one of the…
Depreciation is an accounting concept, and represents the reduction in value over an object’s lifespan. In other words, the older it is the less it’s worth, and depreciation is the name of the loss in value. For new cars, you have probably heard the old saying that they are worth a lot less as soon as you drive it off…
Every insurer has its own nuances to how it treats various factors when determining what rate to charge you, meaning one factor may be very important to one carrier and less important to another carrier. However two factors that are always important for every carrier are your at-fault claims and your convicted tickets. Why these factors are important Insurance Policies…