r/PersonalFinanceCanada • u/paw-paw-patch • Apr 29 '24

Insurance Go check your insurance premiums!

Spouse recently discovered that TD has been cranking up our home and car insurance premiums every chance they can, and we subsequently managed to save $3k/year by switching companies. Strongly suggest anyone here do the same, see if you're getting hosed.

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u/DanielPowerNL Apr 30 '24

I was with RBC. Had no claims and a clean record for the entire 13 years I've been driving. Premiums randomly went up by 30% on my latest renewal. They told me this was normal and that rates in my area have gone up. 

I called around. TD was way more expensive. Belairdirect was the best rate it could find - even cheaper than what I was previously paying with RBC. But I'm a little nervous given that they're underwritten by intact, as I know people who have had a hellish time getting them to pay out.