Drivers on Prince Edward Island will be given the option to set their own pace when it comes to auto insurance rates.
CAA (Canadian Automobile Association) will begin offering the MyPace insurance policy next month, an option that is expected to adjust rates to fit with the driving habits of customers.
“You have a base rate, and then for every certain number of kilometres you use, you pay a little bit more,” said Gary Howard, senior vice president of marketing and communications for the CAA.
The base rate covers the first 9,000 kilometres driven as well as the location of the driver. The company’s website notes: “At 9,000 kilometres, there is no longer a savings benefit with CAA MyPace and a traditional auto insurance policy may suit you better.”
STRAIGHT TO THE VAULT
A Newfoundland auto recycler is in the hole for $8,000 worth of scrap auto parts after thieves cut their way into a metal shipping container to grab the items.
Leaving a square hole making that looked as though it were cut by an oversized can-opener, thieves managed to make off with copper wire, car batteries and catalytic converters from Newco Metal and Auto Recycling in Marystown, Newfoundland.
The theft occurred in the early morning, according to the RCMP, and they are asking anyone who may have information relating to the incident to call Marystown RCMP (709-279-3001) or Crime Stoppers (1-800-222-TIPS).