Should auto insurance be based on age or driving record?
New to Canada is a company called Ingenie. It’s an Aviva Insurance company that is now offering better insurance to younger drivers.
Normally insurance payments are steep until drivers reach 25. However, with this new UK based company operating in Canada, drivers between the ages of 16 and 24 have the chance to prove they are good drivers and receive lower rates.
How this is done is through an internet operated device that will review, record, and evaluate driving habits. This is a first in North America, as most drivers must wait until they reach 50 for the possibility of low rates because they are safe drivers, now we can reward them for their success earlier in their lifetime.