The Power of Positivity: a Q&A With Onlia’s Fernand Vartanian Oct 19th

How to go about securing the best policy for your insurance in Canada.
Latest News
 insurance quotes

Canada’s best travel credit cards 2022 + MORE Jan 7th

With a good travel credit card in your name, going on a trip can suddenly become more affordable (when you are ready to travel again, of course). And, you can get even more value if you sign up for the right travel credit card—one that doesn’t just focus on points, but also has perks such as lou.... More »
 insurance rates

MoneySense Toolkit: The CMHC mortgage insurance calculator Jan 15th

CMHC insurance calculator If you want to buy a home and have a down payment of less than 20% of the purchase price, you’ll need to purchase mortgage default insurance, often referred to as CMHC insurance or simply mortgage loan insurance.  You’re 2 minutes away from getting the be.... More »

How much does it cost to insure an electric car? + MORE Mar 20th

Electric vehicles (EVs) are quickly zipping into the hearts and driveways of motorists across Canada, so you might be asking yourself how much it costs to insure one. While EVs remain fairly expensive to purchase compared to traditional gasoline- or diesel-powered vehicles, they offer some unique ad.... More »
 online insurance

Updating Your Life Insurance Policy Jan 19th

A life insurance policy is instrumental when it comes to protecting your family and providing for them financially in the event that one or both parents pass away. How much coverage is required depends on many different factors. Simply put, when a person dies , that person’s estate (consisting o.... More »
 car insurance

Accident benefits have you covered—but for what, exactly? + MORE Apr 17th

Accident benefits might be the last thing on your mind when you’re buckling up in a new ride and tuning into your ultimate road-trip playlist, but they’re important to know. Accident benefits  coverage is mandatory across Canada, except in Newfoundland and Labrador. Without it, you would be.... More »
What’s new in the world of insurance?

Over the last few years, drivers in Ontario have been eligible for discounts or incentives based on safe driving behaviour. Recent regulatory changes mean that now some providers of pay-as-you-drive policies could increase a customer’s premium if the tracking in these programs reveal risk to the provider. Behaviour like speeding, distracted driving, quick braking, and acceleration could come with a price tag.

At Onlia, we believe in motivation over discouragement, and rewards over penalties. Our telematics-based app, Onlia Sense™, enables us to give cash back to our customers for safe driving, encouraging positive road usage. For our customers, a personal drive score determines the share of reward received, with the opportunity to increase rewards with continued and consistent use of Onlia Sense over time. 

But data tracked in the app is not tied to a customer’s premium, and won’t impact prices. Not all providers follow this philosophy, and some drivers who opt for a pay-as-you-drive may see an increase in what they pay if they take too many risks…

Continue Reading On canadianbusiness.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!