It can be driven by pedals, a motor, or both. Mopeds can have two tandem wheels or three wheels. not carry passengers under age six without a proper infant seat.not carry passengers over the age of six.have an engine displacement of 50 cc or less.have a maximum speed of 50 km/h or less.have wheels with a diameter of 250 mm (10 inches) or larger.You must meet special requirements to register and insure in the “moped” category. That means you don’t need to pay your premiums until May 1, and you only pay during the riding season, even though your coverage stays in force all year (unless it expires). However, unlike premiums for cars and trucks, motorcycle premiums are priced over the typical riding season from May 1 to September 30. Premiums for sport bikes are higher than other categories because they have a higher claims risk.Īs with other vehicles, motorcycle coverage is year round. The categories are: sport, touring, sport touring, motorscooter and other. Motorcycles are also categorized by type. We rank the risk of motorcycles based on engine size and declared value.
#BLACK BOOK VALUE BY VIN SERIAL#
We do so using the Vehicle Identification Number (VIN) for your vehicle, sometimes called the serial number. To ensure your premium is correct, we need to identify your vehicle accurately. On the other hand, vehicles that are safer and cheaper to fix cost less to insure. Vehicles that are less safe and more expensive to fix, cost more to insure. Therefore, it may have a poorer claim record than a car that’s worth more.ĬLEAR matches your rate with your vehicle’s risk – which changes over time.
Here’s why: the lower value car may have fewer safety features and loss-prevention features. Under the CLEAR rating system, a lower value (or older) car may be rated similarly to a higher-value (or newer) car. If you own any 2008 or newer model vehicle, we discount your premium automatically. To meet federal law, any vehicle manufactured after Septemmust have an approved electronic immobilizer to be sold in or imported into Canada. In all, there are 41 rating groups for cars and light trucks – the higher the rating group, the higher the premium.ĬLEAR also gives more favourable ratings to vehicles with factory-installed anti-theft devices that meet the Canadian Theft Deterrent Standard. Cars and vans with similar claim costs and claim risks go into the same rating groups. The VICC collects Canada-wide information about vehicles involved in accidents and the cost of claims from these accidents. We use the Canadian Loss Experience Automobile Rating (CLEAR) system, developed by the Vehicle Information Centre of Canada (VICC), to group cars, light trucks and vans. Vehicle characteristics (such as engine size), passenger protection features (such as air bags) and repair costs affect your premiums. Some vehicles withstand collisions better than others. One factor affecting your premium is your vehicle’s year, make and model.
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