CLEAR Benefits for Consumers
Insurers use CLEAR to predict future claims more accurately and fairly price premiums for owners who buy vehicles that experience fewer claims and smaller losses. For example:
1. Vehicle A has anti-lock brakes, dual and side airbags, side-impact door reinforcements, anti-theft devices and premium tires.
- This vehicle costs more but may have a lower CLEAR system rating.
- Insurers may quote a lower premium for this vehicle.
2. Vehicle B has minimal or basic loss-prevention and/or safety features.
- Due to the limited number of features and equipment, this less expensive vehicle may have a higher CLEAR system rating.
- Insurers may quote a higher premium for this vehicle.
Across Canada, insurance regulators and consumer associations support the CLEAR system. By rewarding consumers for buying cars that are less likely to incur insurance losses, the system also encourages manufacturers to:
- Build safer vehicles
- Make vehicles less expensive to repair
- Add features that make vehicles less likely to be stolen.