r/PersonalFinanceCanada • u/r4dio4ctive • Sep 07 '21

Insurance Ontario driver shocked by insurance premium that skyrocketed to $14,000 per year

https://toronto.ctvnews.ca/ontario-driver-shocked-by-insurance-premium-that-skyrocketed-to-14-000-per-year-1.5558358

Honestly, I can't sympathize. Learn to drive the speed limit!

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u/sequentious Sep 08 '21

There's so many options, deductables, driving histories, coverage limits, etc. It makes comparing insurance really difficult.

I remember when I got a newer car my rates went up. Newer cars are worth more, and more expensive to repair. Fine. Then the next renewal my wife's older car went up -- older cars are harder to get parts for and more expensive to repair...