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Auto insurance rates in Ontario going to increase by over 3.2% in the first quarter of 2019

Auto insurance rates in Ontario going to increase by over 3.2% in the first quarter of 2019

by Inder Madan | Feb 20, 2019 | Auto Insurance

Average Rate ChangesTwenty-three insurers, representing approximately 51 percent of the market based on premium volume, had rates approved in the quarter. Approved rates will increase on average by 3.35 percent when applied across the total market.Individual RatesThe...
A friend drove my car and crashed. What happens to my insurance

A friend drove my car and crashed. What happens to my insurance

by Inder Madan | Aug 4, 2018 | Auto Insurance

It is very common for parents to lend their vehicle to their children, or for a friend who is moving to borrow your truck. But what happens if your friend crashes your car? By allowing another driver to operate your vehicle, you are taking responsibility for the...
Will location-based auto insurance pricing be disposed of now that Doug Ford is premier

Will location-based auto insurance pricing be disposed of now that Doug Ford is premier

by Inder Madan | Aug 1, 2018 | Auto Insurance

Although the topic was not addressed by the premier himself nor was auto insurance mentioned in the Plan for the people, it was an issue the PC party spoke about. As it stands, drivers in urban areas usually pay more for their auto insurance than drivers in rural...
Latest rate changes for Ontario – What does that mean for Ontario drivers

Latest rate changes for Ontario – What does that mean for Ontario drivers

by kevin | Jul 29, 2018 | Auto Insurance

This past July the latest rate changes were published by the Financial Services Commision of Ontario (FSCO). Every insurance company in Ontario must have changes to their rates approved by the FSCO each quarter. An increase in rates is bad news for everyone, but it...

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