Why are my insurance premiums going up?

Ontario insurance premiums have seen significant increases in the last few years due to a number of factors such as cost of labour, parts and materials (in both home and auto insurance), severe weather conditions, rising rate of vehicle thefts and higher claim costs.

How can you help offset the rising premium costs?

Auto

• Maintain a clean driving record
• Install an approved anti-theft device on your vehicle(s)
• Discuss telematics programs with your broker
• Install winter tires
• Ask your broker to compare quotes prior to your policy renewal date

Home

• Install loss prevention devices such as monitored alarms
• Increase your deductible
• Advise your broker if you have a hard-wired generator system
• Ask your broker to compare quotes prior to your policy renewal date

Your Insurance Broker is your key to helping you navigate the reasons for these increases, ensuring you have the appropriate coverage for your lifestyle, assets and needs at the best premium available.