Insurance s*cks in Ontario

[deejoych]

My auto insurance keep going up every year either due to inflation or model and postal code combo price
Is there any company which is less burn on your pockets?

 

[echo2788]

@deejoych There’s no one size fits all. Call around or even better, call a broker.

 

[shiftybroccoli]

@deejoych Certainly increases across the board.

What type of vehicle?

 

[deejoych]

@shiftybroccoli Sedan Honda Civic

 

[shiftybroccoli]

@deejoych Did you buy it new? What year?

Current provider?

 

[deejoych]

@shiftybroccoli New , Financed 2020
Aviva

 

[shiftybroccoli]

@deejoych Do you have the depreciation waiver on there still?

 

[deejoych]

@shiftybroccoli No

 

[shiftybroccoli]

@deejoych What's the damage? How bad is the annual premium?

 

[jamestw]

@deejoych All you can do is shop around.

 

[stilllearningtorepent]

@deejoych Auto insurance rates in Ontario are regulated by the provincial government's Financial Services Regulatory Authority (https://www.fsrao.ca/). Dougie is the one screwing you lol

 

[jas35]

@deejoych As a broker I can advise that u need to shop around and see which company provides the best rates. The price increases are due to a number of factors including those you mentioned.
U can decrease the premiums by using some factors to ur advantage as well, like combo (home+auto) discount or winter tires discount etc