The Canadian Loss Experience Automobile Rating (CLEAR) system is used by #insurancecompanies in Canada to classify and rate different car models based on historical data. This data includes factors like theft rates, collision repair costs, and the frequency of personal injuries for various models.

Developed by the Vehicle Information Centre of Canada (VICC), a division of the #Insurance Bureau of Canada (IBC), CLEAR helps insurers estimate future claims more accurately and set fair premiums for vehicle owners.

Vehicles with lower #claims risk typically have lower insurance premiums, while those with higher claims risk may have higher premiums.

Is there a specific aspect of the CLEAR system you’re curious about, or do you have a particular vehicle in mind?

Sincerely,

Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario

Phone – 6476217890

Email – insurancechampion@outlook.com

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