Comments on: Auto & Home Insurance Premiums going up in Ontario

By: Bob

Bob — Wed, 24 Aug 2011 18:28:37 +0000

I got a letter from Belairdirect with suggestion to pay extra 860 dollars annually for my car insurance. On this time my car insurance exceeded 4K annually and became more than my monthly salary after taxes!
Why we all are keep quiet about how insurance companies pull out extra money from our pockets?
There are increase limits for landlords. Why we don’t have the same for car insurance companies?

By: eug

eug — Mon, 21 Mar 2011 23:08:37 +0000

Just got my renewal for 2 cars at Belairdirect – for 2 consecutive years I receive 30% increase on every renew. That comes 60% combined! No claims, no accidents, same average cars, same place etc. Belair explanation is quite generic – they attributed it to the overall trends and not to my profile. It sounds that it’s time to shop around, but considering the ‘trend’ I’m quite skeptic though ..

By: Home Insurance Premiums Increasing Sharply | MoneySense

Home Insurance Premiums Increasing Sharply | MoneySense — Wed, 09 Mar 2011 14:50:11 +0000

[...] auto and home insurance renewal documents arrived in the mail the other day. Last year, the cost to insure our two automobiles went up by 22 per cent and the cost to insure our …. And when I replaced our rusty old 1992 Accord with a shiny new (relatively speaking) 2004 Accord, [...]

By: Home Insurance Premiums Increasing Sharply | Canadian Capitalist

Home Insurance Premiums Increasing Sharply | Canadian Capitalist — Wed, 09 Mar 2011 03:47:27 +0000

By: John

John — Sun, 12 Dec 2010 23:31:04 +0000

My home insurance premium for 01-01-2011 is up 42% with reduced coverage. No claim in 20 years. Why does the Ontario model problems impact me in BC so harshly? If I could I’d bring it home but alas there are legal crooks out here and not just in the center of the universe.

By: Canadian Capitalist

Canadian Capitalist — Thu, 07 Oct 2010 15:18:53 +0000

@aretwodeetoo: Actually, I’m with belair direct and certainly not what you call a “high risk” driver. And secondly, this post is about how to reduce the blow from an insurance price hike. If going through a broker saves you money, I’d be happy to do that. But for us, broker quoted premiums were much higher than the current provider. When the time for next renewal arrives, we’ll be shopping around again.

By: aretwodeetoo

aretwodeetoo — Thu, 07 Oct 2010 14:43:44 +0000

1. What CC failed to tell you is that Nordic Insurance is a market for “high risk” drivers – too many traffic violations, accidents, etc.
2. I notice that most of you are not using brokers but are dealing directly with the insurance companies. My broker looks after me. He’s my insurance buyer. We’re also paying a lot more for our consumer goods than we did a few years ago.
3. Why do people expect the price of a commodity to stay the same year after year – or expect the cost of insurance protection to decrease simply because you didn’t use it??

By: Peter

Peter — Sat, 18 Sep 2010 15:38:40 +0000

My insurance(aviva/traders) went up by about 70% for my 2010 renewal. I thought that such an increase was illegal, but apparently not.

By: Carol

Carol — Thu, 16 Sep 2010 19:04:09 +0000

Our house insurance has risen by 60% over two years, 2009/10. We are looking around but the differences are small…only $440 so far in our search. Been with Aviva/Pilot for 40 years. Will try Cooperators. At least they are solely Canadian.

By: rick young

rick young — Fri, 11 Jun 2010 17:33:16 +0000

my son had car insurance with a broker A through insurance company B (has been with company B over 7
years. This year son shopped and found broker C who placed him with same insurance company B at
enough premium reduction ( I cant remember exact % 20-30 ) for son to switch brokers. My son is now
29 years old so you can imagine what previous annual insurance costs were like. Was broker A taking
advantage of son? keeping in mind that insurance company B knows his driving record and claims
history. On a weird note son hit a deer with truck(passenger front end)in morning daylight hours going
south on Highbury near Hamilton Road ,London Ontario. Deer ran out between houses,which is
built up urban area. Thanks to insurance high 4 figure repair was done.