How is car insurance premium calculated?

Several factors go into determining the cost of your car insurance. Insurance companies consider the following 3 factors as most important: 1.  Make, model, and year of your vehicle. Insurance companies use the Canadian Loss Experience Automobile Rating (CLEAR) system   to price car insurance based on the likelihood that a vehicle will be the subject […]

Consequences of dealing with a direct insurance writer………Avoid it is not worth

When you buy your insurance products whether it is auto insurance, home insurance or any other insurance products there are lot of protections that you won’t get when you buy the same through a direct writer insurance company. See below what you will get other than insurance coverage if you buy through an independent insurance broker and […]

What is best for me? Whole Life VS Term Insurance

Whole Life VS Term Insurance The decision to purchase whole life insurance rather than term insurance is a personal choice and depends upon your finances, age, health and goals for your future to achieve. Whole life policies cost significantly more than term insurance policies for the same amount of coverage. Although that cost is guaranteed […]

Ontario’s New Driving Laws Will Mean Automatic Suspension Of Driver’s Licences For Distracted Driving

Ontario is implementing new driving rules that will mean automatic suspension of driver’s licences for convicted distracted drivers. Continue reading>>>> What counts as distracted driver under new laws?

Interac’s EMAIL Money Transfer

If you bank online you can take advantage of interac’s email money transfer to send money to Aaxel Insurance Brokers Ltd for: • New Business and or Renewal • Your Down payment • Renewal Using email money transfer is easy. Simply log into your online account and follow these steps: 1.    Locate Interac Email Money Transfer usually found […]

Should body shops be allowed to pay referral fees to towing firms?

A recent Aviva Canada auto repair fraud investigation raises the question of whether body shops should be allowed pay referral fees to tow truck operators. CSN, which has more than 335 collision repair centres in Canada, does not give referral fees to tow truck drivers, CSN chief operating officer Flavio Battilana told Canadian Underwriter Tuesday. […]

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