Canadian Underwriter


Commuter traffic in Montreal
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Many Canadians are driving more but are they telling their insurers?

October 6, 2022 Canadian Underwriter Staff

Insurers across Canada gave drivers a break on their premiums during pandemic lockdowns to reflect a sharp reduction in the number of kilometres they were driving each month. But, even as 20% of Canadians report they’re driving to work more

Auto accidents illustrate the need to avoid distracted driving
News BrokersClaimsInsuranceMarkets / Coverages

Texting while driving, and 4 other things that boost clients’ premiums

September 27, 2022 Canadian Underwriter Staff

Client sent a text while driving and got caught? A conviction for that infraction beyond the police fine can cost a driver a 70% premium hike when it’s time to renew, said a new study from RatesDotCa. The study was

The increased costs of inflation on auto insurance
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Ontario auto: The impact of inflation on rate increases

September 22, 2022 by Jason Contant

Financial Services Regulatory Authority of Ontario’s (FSRA) recent approval of auto insurance rate increases for several insurers signals inflation may finally be making its way into the world of auto insurance prices, according to rate comparison site Ratesdotca. “Currently, FSRA

Two drivers argue in front of a silver car which crashed into the back of a red car
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Fast and furious: Which of your clients are more likely to road rage?

July 26, 2022 by Alyssa DiSabatino

Men and young people aged 18-34 are more likely than women and those aged 55+ to engage in road rage behaviours, finds a recent Ratesdotca survey.   Although men and women claim to engage in road rage equally (51% respectively), men

Driver driving a car on asphalt road in summer day at park. Woman at steering wheel with smartphone in her hand.
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More than eight in 10 Canadians admit they drive distracted

April 11, 2022 by Alyssa DiSabatino

Eighty-three per cent of Canadian drivers engage in at least one distracted driving behaviour, and this has only increased in the past year, finds a recent survey. But distracted driving doesn’t come without its costs.   Non-digital distractions lead the

A row of cars in the evening on a busy road, their brake lights are on.
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Post-pandemic trends in auto insurance

April 4, 2022 by Alyssa DiSabatino

While it may be too early to tell how the end of provincial COVID-19 restrictions are influencing auto insurance claims, industry experts are bracing for higher claims severity, a return to pre-pandemic levels of traffic, higher auto rates due to

A person holds a blue toy car in their right hand and a pen with their left. They are writing on a notepad. They are holding the car above columns of coins, increasing in height.
News BrokersClaimsInsuranceMarkets / Coverages

Why auto insurance premiums may be on the rise

April 1, 2022 by Alyssa DiSabatino

Inflation hit a multi-decade high of 5.7% this February. Industry observers warn this could go even higher before it goes lower, and the auto insurance industry is not immune to it.   How long will it be before drivers feel the

Overview of Vaughan, Ontario
News Insurance

Why did auto insurance rates go up in some Ontario communities?

January 31, 2022 by Jason Contant

While auto insurance premiums across Ontario dropped an average of 3.8% last year from 2020, certain areas saw single- or double-digit increases, according to a recent report from rate aggregator Ratesdotca. The cities of Nobleton, Schomberg, Orangeville and King City,

Miniature wooden houses lined up beside each other and red arrow above them. Represents increasing house premiums.
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Why home insurance rates are rising in 2022

January 17, 2022 by Alyssa DiSabatino

Home insurance policyholders can expect an average 5% rate increase in 2022, according to a report from RatesDotCa.   The average cost for home insurance in Ontario in 2021 was $1,342, per RatesDotCa. A 5% increase would translate into a

News Insurance

Canadian travel insurance quotes surge year-over-year

November 25, 2021 by Jason Contant

Travel insurance quotes have surged nearly 300% year-over-year as pandemic restrictions ease and Canadians are eager to travel again, according to a new report from rate comparison site RATESDOTCA. The rate aggregator analyzed data from thousands of quotes from its

News Insurance

Home insurance can be more expensive in smaller towns: experts

October 8, 2021 Salmaan Farooqui - THE CANADIAN PRESS

As some Canadians are priced out of larger cities and look to move to smaller communities, insurance experts say homebuyers should be aware that life in a small town can often mean higher home insurance premiums. According to financial products

looking up car insurance rates on a laptop
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September 14, 2021 by Jason Contant

Editor’s Note: This story has been updated to include information from RATESDOTCA.   Rate comparison site RATESDOTCA has acquired fellow aggregator will continue to operate as a separate site and independent source of financial services information and rates,