Scale Models: MPI directed to adopt primary driver rate adjustment model following court appeal
Winnipeg, Manitoba — Good drivers will no longer subsidize bad drivers, according to a Manitoba lawyer following the recent court decision to adjust MPI insurance rates based on a primary driver model, rather than a registered owner model. “It will never account for the people who are actually driving the vehicle, and the people who […]
Manitoba Falling: MPI proposes insurance rate decreases for fourth year in a row
Winnipeg, Manitoba – Manitoba Drivers may see a 0.9 percent decrease in their insurance rates, Manitoba Public Insurance (MPI) announced on Monday. While most drivers can expect this decrease in their rates, it does not apply to all vehicle classes. Rates may increase, or decrease further dependent on the type of vehicle. Vehicles that will […]
No More 90210: Doug Ford promises Ont. insurance reform, calls for end to postal code pricing
Toronto, Ontario – During a press conference Thursday, June 30th, Ontario Premier Doug Ford suggested that insurance premiums predicated on postal codes may be coming to an end. The insurance industry’s practice of pricing based on location represents unfair gouging of consumers, according to Ford. “I know we’re working on a plan for insurance companies, […]
Picking Pockets: N.L. Immigration Minister asks auto insurers to ‘not exploit’ Ukrainian refugees
St. John’s, Newfoundland — From one hardship to another, reports have begun circulating that Ukrainian refugees arriving in Newfoundland are being charged exorbitantly high auto insurance rates, well over the average paid by most Canadians. The Canadian Press got a hold of two auto insurance quotes from a pair of Ukrainian refugees in St. John’s—one […]
Digital Doubts: Customers unsatisfied with digital insurance options, J.D. Power says
Toronto, Ontario — A new study from J.D. Power has found that despite the large amounts of money being poured into customer-facing websites and mobile apps by insurance companies, customer satisfaction with digital shopping is on the decline. The 2022 U.S. Insurance Digital Experience Study found that customer satisfaction fell 16 points from last year, […]
A Key that Fits: Where Ontario’s party leaders stand on auto insurance rates
Toronto, Ontario — Ontarians will be off to the polls in less than a month to elect their new premier and the cost of auto insurance has quickly become a hot button issue for many voters, as each party has laid out a different approach to addressing this bipartisan issue. According to data from the […]
A Pretty Penny: Alberta insurers earned $1.32 billion more than they paid in 2020, report says
Edmonton, Alberta — A new report from Alberta’s superintendent of insurance shows that insurers in the province earned $1.32 billion more in premiums than they paid in claims in 2020, representing a widening gap between premiums and claim payouts. According to the Superintendent of Insurance 2020 Annual Report, Albertan insurers collected $5.81 billion, about $400 […]
Rates and Rebates in Regina: SGI rebalancing insurance rates, battling scammers in rebate process
Regina, Saskatchewan — Saskatchewan drivers may see changes in their auto insurance rates starting tomorrow, as SGI has revenue-neutral rate rebalancing scheduled for the first of the month. SGI says the rebalancing will not cause any change in revenue to the provincial Auto Fund, but will see 49 percent of customers receiving a decrease in […]
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 […]
Crash for Cash: Survey finds 42 percent of Ontarians prefer cash settlement for fender benders
Toronto, Ontario — A recent survey from RATESDOTCA seems to indicate that a significant portion of Ontario drivers would prefer to leave their insurance company out of the loop when it comes to small fender-bender accidents. The survey found that 42 percent of Ontario drivers would prefer to pay or accept a cash settlement instead […]