Lawsuit Highs and Lows: Legal costs impacting auto insurance premiums in Alberta
Edmonton, Alberta – According to a new report from consulting firm MNP, fees associated with post-collision lawsuits have emerged as a significant contributor to rising auto insurance premiums in Alberta. In its report, MNP found that legal fees accounted for approximately 20 percent of premiums in Alberta, translating to nearly $200 annually for each driver. […]
Frugal Finances: NDP calls out high Saskatchewan auto insurance rates
Saskatoon, Saskatchewan – A New Democratic Party (NDP) critic has called out Saskatchewan Government Insurance (SGI) for failing to reduce insurance rates, despite a healthy financial year. After “a record-setting catastrophic storm and issues arising from the COVID-19 pandemic,” a recent press release said that SGI remains financially stable. This comes after the provincial legislature reviewed […]
Season of the Steal: Auto thefts in Toronto up more than 50 percent compared to start of 2021
Toronto, Ontario — According to newly released data from the Toronto Police Service, auto thefts are up more than 50 percent in the first two months of this year compared to the same period in 2021. Around this time in 2021, 810 auto thefts had been reported in Toronto; this year, the city has already […]
Cheque Yourself: More than half of Canadians may have missed out on auto insurance discounts amid the pandemic
Toronto, Ontario — Although many Canadians have been driving less throughout the pandemic, more than half did not reach out to their insurer to inquire about discounts or changes to their policies, according to a new survey by RateHub.ca. Only 38 percent of the 1, 300 Canadians who were surveyed said they reached out to […]
Rate and Review: Rates.ca releases map showing average auto insurance rates in Ontario
Toronto, Ontario – Urban Ontarians are no strangers to high auto insurance rates, and thanks to an interactive map produced by Rates.ca, now they can compete with their friends to see whose neighbourhood has the highest rates. Drivers in Brampton, Ontario pay the highest rates in Ontario coming in at an average of about $2,698 […]
