Canadian Underwriter

Young women taking a break during moving
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Are your clients telling you about their tenants?

March 11, 2022 by Jason Contant

If your client has rented out part of their home, there’s nearly the same likelihood that they’ve told their insurer as not, according to a recent survey from RatesDotCa and BNN Bloomberg. The survey of 1,511 Canadians found that 42%

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,

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Most expensive place to insure your car in Ontario

January 25, 2022 by Jason Contant

Vaughan, Ont., has replaced Brampton as the most expensive city in Ontario for car insurance in 2021, according to a new report from rate comparison site Ratesdotca. With estimated annual insurance premiums of $2,179, Vaughan is now the costliest city

Miniature wooden houses lined up beside each other and red arrow above them. Represents increasing house premiums.
News Insurance

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

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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
News Insurance

RATESDOTCA acquires LowestRates.ca

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 LowestRates.ca. LowestRates.ca will continue to operate as a separate site and independent source of financial services information and rates,

The small town of Okotoks was hit hard by the June floods of 2013, with the river valley rushing and raging through wiping out pedestrian bridges, campgrounds, river banks and pathways.
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Why your clients may not have the high ground on overland flood risk

July 19, 2021 by Greg Meckbach

Many homeowners opt not to buy overland flood coverage and this could leave them uninsured in the event of a severe rain storm. “Overland flooding is any water that comes into your house through the windows or door or anything

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How home insurance rates in Canada are trending

June 8, 2021 by Adam Malik

Home insurance rates in Alberta today have jumped nearly two-and-a-half times more than what they were 10 years ago, according to an analysis from a rate aggregator. Average home insurance premiums in Alberta have gone from $741 to $1,779 since

News Insurance

Distracted driving behaviours that your clients deem to be “safe”

March 30, 2021 by Jason Contant

Auto insurers take note: the majority of your clients admit to engaging in distracted driving behaviours, but they consider these behaviours to be safe. The Third Annual Distracted Driving survey conducted by rate comparison site RATESDOTCA revealed that 74% of