Home - Automobile Insurance - Questions and Answers

Question 16: What is CLEAR?

CLEAR stands for Canadian Loss Experience Automobile Rating. An agency called the Vehicle Information Centre (VIC) that is part of the Insurance Bureau of Canada, analyzes the number and severity of claims involving the various models of vehicles. From this analysis, they assign numerical values known as rate groups to each vehicle by coverage. This rating system is used by insurers as part of their calculation in determining your insurance premium for Collision, Comprehensive/Specified Perils and, sometimes, Accident Benefits coverage. CLEAR rate groups are updated frequently to help ensure that policyholders are paying appropriate premiums.

Please visit the IBC website below for additional details:
http://www.ibc.ca/pe/auto/buying-auto-insurance/how-auto-insurance-premiums/clear

  Navigation Menu
Applications and Proceedings
Guidelines
Orders
Legislation
Bulletins and Reports
Questions and Answers
 
     
 
 
About the Board
Commissioners
Legislation
Mandate and Lines of Business
Reporting Requirements
Disclaimer
Privacy Policy
Contact Us
  Public Utilities
Applications and Proceedings
Guidelines

Orders
Legislation
Compliance Filings and Reports
  Automobile Insurance
Applications and Proceedings
Guidelines

Orders
Legislation
Information Bulletins
Questions and Answers

  Petroleum Products
Current Pricing
Historical Pricing
How Prices Are Set
Applications and Proceedings
Orders
Legislation
Zone Map
Questions and Answers
 
 

Copyright © 2024 Board of Commissioners of Public Utilities. All Rights Reserved