The limited supply of new cars led to a spike of car thefts in Ontario and Quebec. This caused insurance companies to raise premiums for customers because more claims have been filed for theft. They also need to raise costs in anticipation of future claims. The shortage of car parts means...
Its lower rates are likely due to there being fewer cars around: about 23,000 people report using a car as their primary mode of transportation, while in Calgary, close to 437,000 rely on their car daily, according to 2021 data from Statistics Canada. Alberta car insurance rates by city ...
Toronto contains some of the busiest roads in Canada (Highway 401 is the busiest in North America), and your chances of a collision go up with more cars. On top of this, Toronto is a large city and the chance of your car being stolen, or broken into, is higher than in less populat...