What Is Up With Car Insurance Rates in Edmonton?

Edmonton definitely lives up to its nickname, “Gateway to the North.” Being the fifth largest city in Canada and the home of almost 1 million people, Edmonton is flourishing. Together with its infrastructure growth and population, there is a surge of vehicles on Edmonton’s roads. All these drivers need to get around, and there’s no shortage of routes to get anywhere; with a network of connecting roads, you can get from Summerside to St. Albert with ease.

Whether you’re taking a road trip across the prairies or commuting daily via Calgary Trail, all Edmonton drivers need car insurance. Rates are changing in Alberta, which is why every driver in Edmonton should take advantage of price comparison shopping to get the best rate.

Let’s see what’s going on with auto insurance in Edmonton.

The Average car Insurance rates in Edmonton and Alberta

Alberta auto insurance premiums on average were $122/month in 2017, while Ontario auto insurance premiums averaged around $161/month in 2017. Drivers in Albertan pay around 25 per cent less for car insurance than Ontario drivers.

It’s interesting to note that on average, women pay less for Alberta auto insurance premiums than men – $116/month compared to $126/month paid by men in 2017, but this is pretty much standard across Canada.

Young drivers in Edmonton (aged 25 and under) paid around $187/month in 2017 for Alberta car insurance. Alberta auto insurance premiums go down as drivers grow older. For example, in 2017, people aged 31-35 paid around $152/month, people aged 46-50 paid around $122/month, and people aged 56-60 paid around $100/month.

Alberta drivers with a taste for luxury vehicles can expect their car insurance rates to increase. Drivers with cars valued between $40,000 – $80,000 paid around $170/month for their premiums in 2017.

For Albertans choosing to buy a modest vehicle valued between $10,000 and $20,000, they can expect their Alberta auto insurance premium to be about $123/month. This means rates would be similar for luxury brand older models of compact car brands such as Kia, Mazda, Ford etc.

Facts to Know about Auto Insurance

  1. LowestRates.ca (an online rate comparison website for auto insurance, credit card rates, loans and mortgages) launched its 2018 Auto Insurance Price Index report. This is Canada’s only price index to use proprietary data to track the average quarterly cost for car insurance paid by Canadians. The data comes from the hundreds of thousands of quotes processed every year by LowestRates.ca. The index report shows that since the fourth quarter of 2016, the price for Alberta auto insurance has been increasing by 5.1 per cent in 2017, which means that the average Alberta driver paid more for car insurance in 2017 than in 2016.
  2. Police have jurisdiction when it comes to deciding who is criminally responsible for a motor vehicle accident but when it comes to the auto insurance claims, the insurance company makes the decision. It’s the insurance company that will investigate the crash and make a ruling about who was at fault – which ultimately decides whether or not the insured will have to pay the deductible.
  3. Statistics from the Insurance Bureau of Canada’s (IBC) 2014 top 10 most stolen cars revealed that cars made between 1999 and 2007 were in the top 10. Industry experts believe that part of the reason thieves target older model cars is because fewer of them have anti-theft devices. Additionally, the IBC states that sometimes car owners make it too easy for car thieves to get away with their vehicles. Around 20 per cent of all stolen vehicles had the keys left in them.
  4. Although parking tickets are a pain and an avoidable expense for drivers, insurance companies aren’t concerned with how many a driver has; thus, they don’t affect car insurance rates. However, if tickets aren’t paid, you won’t be able to renew your driver’s license or registration; and if get your driver’s license suspended it will affect your insurance rates.

Auto insurance rates in Edmonton are changing, but the good news is you can shop around to get the best price. You don’t have to settle for one insurance agency’s quote. At InsurEye, our brokers shop the market for you, so you can get the best policy for your needs and budget.

Buying And Selling A House As – Is In Florida

Buying and selling a home “as-is” Buying and Selling “As-Is”. I recently overheard a person who is buying a home state that they would never want to buy a home “As-Is”. While I understand the concerns, I suggest that a home buyer or seller should review the contracts and work with appropriate professionals. I’ve come to realize that this is one of the most confusing points that exist in Florida real estate. I’ve heard buyers, sellers, experienced real estate professionals, and even attorneys misstate the benefits and woes of the “As-Is” contract. I’ll try to simplify this very confusing concept and hopefully reduce some unneeded stress.

One important thing to understand is that an as-is transaction is very similar to a traditional transaction but is either (a) agreed to using a different form or (b) agreed to using the traditional contract for sale and purchase with an addendum that modifies the original contract. In other words, the vast majority of the terms and conditions are the same.

Florida Association of Realtors Contracts Let’s discuss the most common Florida’s home sales contracts. The Florida Association of Realtors has approved multiple contracts for use in Florida. Some of these were created in conjunction with the attorneys from the Florida BAR Association. The contracts are known by acronyms:

  • FAR Contract – standard contract approved by the Florida Association of Realtors
  • FAR As/Is Contract – As-Is contract approved by the Florida Association of Realtors
  • FAR As/Is Addendum – Addendum to the FAR Contract that effectively converts it into an As/Is.
  • FAR/BAR Contract – traditional contract approved by the Florida Association of Realtors and the Florida Bar Association
  • FAR/BAR As/Is Contract – As-is contract approved by the Florida Association of Realtors and the Florida Bar Association
  • FAR/BAR As/Is Addendum – Addendum to the FAR/BAR contract that effectively converts it into an As-is.

Adams, Cameron & Co. operates in Volusia and Flagler Counties on the east coast of Central Florida. In these areas the FAR/BAR contracts are far more common so I will use them in my examples.

However, the same comments should apply to both agreements. In the FAR/BAR contracts, there are four pages. The first two pages contain a number of areas that can be filled in by a real estate professional. They contain the meat of the agreement and most of the terms that are likely to be negotiated. The remaining two pages contain additional terms and conditions which are intended to outline the specifics.

Traditional Contract The primary differences between a traditional contract and an as-is contract revolve around two of these paragraphs. Paragraph D of the contract deals with wood destroying organisms. Wood destroying organisms include termites and other pests which can damage a home. To summarize the paragraph, it says that if, after the contract has been signed by both parties, the buyer has a licensed inspector or Florida certified pest control operator review the property and find wood destroying organisms then the seller will be responsible for paying to get rid of the pests and correcting any resulting damage caused by the infestation. It also provides for a maximum amount the seller will have to pay (typically 1.5% of the purchase price).

Since the seller will probably have to correct the problem regardless of who the buyer is, and since the seller is obligated to disclose the fact that the wood destroying organisms exist, it is likely that they will go ahead and have the pests dealt with anyway. However, this solution allows for an out for both buyer and seller in various situations.

Similar to paragraph D is Paragraph N of the FAR/BAR contract. Paragraph N says that there may be other damage to the home which the seller will have to repair. For example, if a buyer’s home inspection shows material damage to the roof then the buyer may demand that the seller fix those problems up to a fixed price (typically 1.5% of the purchase price again). Again, it is usually in the seller’s best interest to go ahead with the repairs.

As-is Contract An as-is contract is effectively an alternative to the rules listed in the paragraphs D and N of the traditional contract. In fact, if you look at either of these paragraphs in an as-is contract they will show “DELETED”. Instead of the strategy outlined above, an as-is contract includes a broader inspection period. The inspection period can be set for any period of time and is typically up to 15 days for a residential contract. During that time the buyer should have any inspections performed that they feel are necessary. That includes a traditional home inspection, a pest inspection for wood destroying organisms and anything else that they feel is important. Here’s the kicker: at any time during the inspection period, the buyer “in the buyer’s sole discretion” can determine that they are not satisfied with the results of the inspections and can cancel the contract.

If defects in the home are found, the buyer can cancel or the buyer and seller may renegotiate the contract in order to find an appropriate solution. The seller is not obligated to fix anything but he or she may be willing to make certain concessions in order to see the contract to closing. In addition, once the seller is aware of any material defects, they will have to be disclosed to future potential buyers. The buyer has a guaranteed out and loses only the cost of the inspections.

Common misconceptions First, it is important to understand that buying a house is not like buying something at a garage sale. An as-is sale does not mean that the seller can hide known damage from a buyer. A seller and their agent are required by Florida law to disclose all known defects that could materially affect the value of the house. A seller who withholds valuable information can be held liable for his actions regardless of whether the transaction is conducted “as-is”.

There is no such thing as “selling as-is”. Before all the Realtors out there jump at that one, let me explain. Most multiple listing services have a way to mark that a seller would like an as-is contract. Also, an advertisement can say that a home is being sold as-is. However, a buyer can submit any offer. Further, it is the duty and responsibility of a listing agent to forward any offer that is presented. So, a buyer can submit an as-is offer on a home that has not been listed as-is. Likewise, a traditional offer can be submitted for a home that has been advertised as-is. By way of example, a seller who is trying to sell her home for $400,000 as-is may get two offers. One for $350,000 on an as-is contract and another for $400,000 on a traditional contract. The seller could determine that selling as-is is not worth $50,000 and accept the larger dollar amount. The seller could also make a counter offer to the higher contract and include an as-is rider if she feels very strongly about it. At the end of the day, marketing a house as as-is is a request from the seller to the buyer as to the type of offer she would like to see.

Another common misconception is that an as-is sale means something is wrong with a house. It is often the case that buyers assume that sellers are trying to hide defects by selling as-is. As such, they may be wary of buying a house marketed as-is. In reality there are occasions that fine houses are marketed as-is and there are situations in which houses with greater needs are marketed traditionally. In common practice it seems that the as-is moniker is simply used in some marketing and not in others.

While the traditional contract does include language to provide a warranty from the seller to the buyer that an as-is contract does not, the strength of it is rudimentary. It says, in effect, that the structure of the house (roof, walls, foundation) does not have visible leaks or structural damage and that the mechanics of the house (plumbing, electrical, etc.) are in working order. On the whole, the variance between these types of damage and those that must be reported when disclosing material defects is not that great. Furthermore, it is likely that a home inspection would find the type of defect which would be covered by this seller’s warranty.

Another common point of confusion is between a seller’s warranty and a home warranty. A home warranty is an insurance policy that may be included with a sales transaction. The buyer, seller or both can purchase the policy. These small insurance policies are offered by companies such as American Home Shield and 2-10. The policies typically cost less than $500 and insure the plumbing, electrical, appliances, pool, etc. against breakdowns. A seller can get coverage from the time the house is for sale, through closing, and for another year for the buyer. The policies offer a safety net for the buyer and can help smooth the transaction. They are not all inclusive but they can also reduce the likelihood that there will be large problems after the closing for the buyer and seller to end up arguing about.

Summary As a buyer, there is a certain amount of comfort in submitting an as-is contract. Because of the inspection period there is an absolute out during the term of the inspection period. In fact, by putting up a deposit and entering into an as-is agreement with a seller, the buyer has effectively placed an option on the purchase of the house for the term of the inspection period and for the cost of any interest lost on the deposit. As a buyer, this gives an opportunity to become intimately familiar with the property while being sure that the terms of the contract will not be adjusted and that the seller will not sell to someone else. Therefore, despite the stigma that comes to mind when a buyer hears “as-is” it is typically a good way to go.

From a seller’s perspective, as-is initially sounds great. It brings to mind the idea that I can ignore disclosing all of those little issues associated with the house and find a buyer who can deal with them. That is simply not the case. Caveat emptor (“Let the buyer beware”) does not apply. In reality, marketing a property “as-is” may have a negative effect on buyer’s perceptions. In addition, the as-is contract puts the buyer in a position to act on any buyer’s remorse that they may feel after the contract is inked. The inspection period on the contract becomes a waiting game while we hope that the buyer is satisfied. In most Realtor Associations the property can not be marketed as active in the Multiple Listing Service but needs to be flagged as either “Pending” or “Contingent” or some other designation that will remove it from many searches.

At the end of the day, there are always going to be defects of some type in a house. As-is contracts do not solve the problems. As a seller the contract doesn’t have the magic bullet that will pass them along to the buyer. From a buyer’s perspective, neither a traditional contract nor an as-is contract will guarantee that I have a perfect house or that the seller will fix everything.

Conclusion When selling a house, it is not typically in your best interest to market the house as-is. The protection that you would think to gain from those two little words just isn’t there. It may be a turn off to concerned buyers who will never make an offer. Further, the contract hands the buyer much more power than they would otherwise have. Instead, offer a home warranty, disclose material facts, and market it in the best light possible.

As a buyer, an as-is contract is nothing to be afraid of. Regardless of the type of contract, home inspections should be performed. A qualified professional who inspects homes will likely be the best way to find the issues of which you need to be aware. You should always request and review the seller’s disclosure statement which lists their knowledge of defects. In addition, ask for a home warranty in the contract. Even if you never need it, it’s a nice feature to have.

Auto Transport “Free Auto Transport Quotes”

Free Shipping quotes:

When looking for auto transport, a popular search will result in many sites offering free shipping quotes or free transport quotes. These quotes are based on different national auto transport rates that include many variables. These variables can be the time of year (season), size of vehicle, location of origin and destination, etc. Also, how the rate is calculated depends on whom it is coming from, and the majority of free online quotes are from auto transport brokers. This means the transport quote will include a broker’s fee.

Free shipping quotes are a way to lure in prospective transport jobs. It attracts curious shoppers to auto shippers’ services. As mentioned before, these quotes will vary depending on many variables. However, the biggest factor to getting good service is how much the actual transport truck is getting paid. The total transport rate minus the auto transport brokers fee will determine the transport trucks total pay for the job. A higher paying rate to the transport truck will result in better and quicker service. Also, the truck driver determines the quality of the transport service.

Today, the vehicle transport industry has evolved to the point that your free transport quote may be sold as an auto transport lead, also known as a “Hot Lead”. Once you place your free quote request for auto transport, your info may be posted on an online lead board. Brokers looking on these lead boards will receive your request based on how much money they have paid for the “lead”. The more money they pay per lead means the less competition they will have competing for the transport lead. You will receive phone calls from up to a dozen or more auto transport broker companies. They will tell you about their service and try to get your business. Whichever auto shipper you choose, the process will work the same. Any further questions or concerns about how the “process” works, you can read our previous articles “How Auto Transport Works” and “Problems and Solutions”.

To insure a good auto shipping experience, always do your research so that you feel confident and secure about your decision. There are many Transport Review sites that post feedback on all auto transport brokers. Almost every broker will have a couple negative feedback stories. Typically, most people choose the auto shipper with the lowest amount of negative feedback. However, this is not always the best way to make a good decision. You need to remember that when using an auto transport broker, there will be two parties involved. Most of the time auto brokers receive bad feedback when they make promises that they cannot keep. You must realize the truck driver/transport company has their own agenda so the broker has little to no control. With that being said, if you want to help insure the quality of your service, you can ask how much the actual transport truck will be paid for moving your vehicle. Because as previously stated, a higher paying rate to the transport truck usually results in better and quicker service.

Our next article will discuss types of transport trucks and how the service differs from truck to truck (ex: 2, 4, 6, 10 car carrier trucks). Also, tips to avoid natural and preventable hazards during transport will also be included in the next article.

Getting the Best Auto Loans

Buying a vehicle outright is not likely possible for most consumers, and
quite frankly, really is not practical. Taking advantage of an auto loan is
probably going to be your best option when buying a new or used car. Featured
below is information that will help you get the most car for your money and the
best interest rates for your financing.

Mortgages and Auto Loans are not the Same!

When in the market for a new home, you should like to buy as much house as
you can. It is not a bad idea to leave as little of a down payment as you can.
Dissimilar to cars that go down in value over time, otherwise known as
depreciation, the value of most homes and properties rise in value.

On the contrary, when you finance an automobile, you want to put down as much
money as you can afford for your down payment. This will result in you borrowing
less, as well as avoiding owing more for your car than what the car is worth
(otherwise known as being upside down on your car loan) because of new car

Understanding Interest Rates

No matter if you are buying a car from private party or from a dealership, it is
always a good idea to compare auto loan rates from several different banks and
online sources. New car loan rates are generally lower than rates associated
with used cars. However, you can save money by buying a ‘certified pre-owned’
car. Buying certified pre-owned will allow you to buy a high-quality used car
with interest rates similar to new cars. Also, if you are buying a car from
dealer, interest rates will be lower than when buying from a private party.

It is important to understand that if you have poor credit, or no credit,
interest rates you receive are going to be higher than if you have good credit.
However, if you can maintain a positive payment history for your auto loan, you
can consider refinancing at a lower rate after a year or so.

**When purchasing a vehicle from a dealer, never discuss your need for financing
until a final sale price is agreed upon. Dealers will always look to squeeze
every penny out of you. Mentioning your need for a car loan will most likely
result in a higher sale price.

Auto Loan Terms

Car loan terms generally range between 36-60 months. Your monthly payments will
be lower the longer your finance your car for. However, the longer your car loan
term is, the more money you will end paying in interest over the entire span of
the loan. As a result, choosing the length of your auto loan is going to be very

Also, if you like to trade your vehicle in, or sell every few years, a long auto
loan term should be avoided. Why? If you have three years left on a five year
loan, you will lose money as a result of owing more than the car is worth.

In conclusion….

The decisions you make when buying a car will either save you money, or make
you lose money. You need to do your research, remain calm and never buy on
impulse or be forced into purchasing a car that you do not really like.