Auto Insurance Increases in Canada

April 7, 2011

The United States isn’t the only part of North America seeing an increase in insurance rates. Kanetix announced earlier today that auto insurance premiums are higher in Alberta, Ontario, and Quebec, Canada.

Specifically, rates in Alberta increased by 0.4 percent, which may seem stable but was actually a reaction to the percentage of customers with less than five years of driving experience having risen by 7.1 percent.

Car insurance rates in Ontario increased by 6.7 percent, this on top of an increase of 9.5 percent in the last quarter of 2010, but analysts think this may mean that prices are actually stabilizing from an artificial low.

In Quebec, the increase in auto insurance premiums was only 1.8 percent and is attributed to an increase in multiple driver and multiple vehicle policies.

To find the best deals on auto insurance in these trying economic times, we recommend comparison shopping, bundling auto and homeowners coverage with the same company, and asking for every available discount.