Tag: repair costs

Collision Repair

Wait! We Can Explain: High cost of repairs draws attention from the New York Times

Toronto, Ontario — Like the troubled sibling who feels they receive all criticism and no praise, the collision repair industry rarely enters news headlines for its positive characteristics, and again finds itself in the crosshairs of a prolific news outlet for the high cost of repairs. The New York Times published a story on Monday […]

July 7, 2023

Auto Insurance

Time is Money: Rhode Island bill requires insurers pay for OEM procedures, expedite appraisals

Providence, Rhode Island — America’s tiniest state just made a big move in collision repair as Rhode Island’s general assembly passed into legislation a ruling that would require insurers to cover the cost of OEM repair procedures. These amendments to the Unfair Claims Practices Act, signed off by Gov. Daniel McKee last week, introduce a […]

July 5, 2023

Auto Insurance

Victim Tax: Driver on the hook for nearly $9,000 repair after hit-and-runner hits her uninsured parked car

Toronto, Ontario — What was intended as a frugal decision after an unfortunate accident has left a Scarborough mother with a nearly $9,000 repair bill after her parked car was damaged in a hit-and-run. After a former boyfriend wrecked her 2021 Hyundai Sonata and left her with the $1,000 insurance premium increase that resulted, Shanise […]

May 30, 2023

Recycling

Gone too Soon: High repair cost driving many Teslas to salvage prematurely, Reuters says

Toronto, Ontario — Tesla has been talking big about its in-house insurance platform recently, and how it is providing insights on potential design improvements, but some recent reporting from Reuters has found that far too many of the electric automaker’s vehicles are turning up as salvage prematurely. In a compilation of 120 Model Y vehicles […]

February 1, 2023

Collision Repair

Cyclical Savings: Tesla insurance lowering repair costs for customers, top execs say on earnings call

Toronto, Ontario — Tesla’s proprietary insurance platform has made its way into several U.S. states since its 2019 California launch, and now, top executives in a recent company Q4 earnings call claim that their model is actively lowering repair costs for customers. First reported by Drive Tesla Canada, Tesla CFO Zach Kirkhorn and CEO Elon […]

January 27, 2023

Auto Insurance

Crystal Ball: No break in insurance, repair cost inflation coming in 2023, Ratehub.ca predicts

Toronto, Ontario — The insurance experts at Ratehub.ca published their predictions for 2023 in late December, with results showing little reprieve on the way for an already strained insurer-repairer ecosystem, as inflated repair costs have trickled downward to increased premiums for customers. Statistics Canada’s October Consumer Price Index report for passenger vehicle insurance premiums shows […]

January 9, 2023

Collision Repair

Fancy Fees: Federal luxury tax on $100,000+ cars, coming this fall

Ottawa, Ontario – Details on an incoming luxury tax by the Government of Canada were released July 15. The new rules will affect manufacturers, wholesalers, retailers and importers. As of Sept. 1, the Select Luxury Items Tax Act proposed in Budget 2021 will come into effect, targeting certain vehicles and aircraft above $100,000 and some […]

July 26, 2022

Auto Insurance

Rate of Change: Mass. collision repairers to run motorcade Wednesday, protesting U.S.’s lowest labour rates

Boston, Massachusetts — In a long overdue response to being known as the state with the lowest labour rate in the U.S., the collision repairers of Massachusetts will be putting their words into action this week with an organized motorcade and demonstration planned for outside the state house in Boston on Wednesday. In conjunction with […]

May 16, 2022

Auto Insurance

The Price of Pedaling: ICBC will no longer charge injured cyclists for repairs

Vancouver, British Columbia — Following a wave of public condemnation after a Vancouver-area cyclist was struck by a vehicle running a red light and asked to pay for its repairs, ICBC has announced major changes to the way claims for passive road users are managed. The Insurance Corporation of British Columbia will no longer require […]

May 5, 2022

Collision Repair

Mach-E Mockery: Improper tow leaves Mach-E driver owing $28,000 in battery repairs

Toronto, Ontario — Hookups can be risky and they often come with a cost far greater than wasted time—we’re talking about towing here, to be clear. An improper hookup can do some pretty significant damage to an EV and, such as in the case of one Mustang Mach-E driver, cost you thousands. A Canadian driver […]

February 1, 2022

ADAS

Fulfilling its Function: ADAS tech reducing claims frequency, according to LexisNexis report

Toronto, Ontario — A new study from LexisNexis is attempting to set the record straight on the relationship between ADAS technology and claims frequency and severity. According to the report, “The impact of Advanced Driver Assistance Systems (ADAS) on insurance claims”, the presence of at least one ADAS feature resulted in an 8 percent decrease […]

November 19, 2021

Collision Repair

Bright Idea: Craftsman Collision to offer ‘fix now, pay later’ through partnership with PayBright

Toronto, Ontario — Craftsman Collision is giving customers a new way to pay through a new partnership with PayBright. PayBright employs a “buy now, pay later” concept as its model, where customers can select “PayBright as a payment method…finalize their auto body repair payment in a matter of seconds and pay for their purchases in […]

October 5, 2021