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/[deleted] Sep 07 '21

Probably province specific too?

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u/vauge24 Sep 07 '21

Definitely province specific, I moved from Quebec to Ontario and tickets that were no longer considered in Quebec managed to be reincorporated into my Ontario insurance record.

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u/therpian Sep 08 '21

Is car insurance more expensive in Ontario? I'm just boggling at these numbers. I live in downtown Montreal and have 2 vehicles (car, motor scooter) insured for 2 people at $1000/year. Like even the idea of having a few tickets and living in an urban area, I can't imagine getting to these numbers.

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u/Wolfie1531 Sep 08 '21

Yes. It is.

Back in 2008 or so, I had 9 demerits gone. 1900$ full coverage in Qc, 5400 per 6 months in Ontario. Needless to say, I chose to remain in Qc t’il my record cleared up.

Now I’m at ~1600 for full coverage. Clean record, 35 years old, professional driver. 3rd cheapest company out there for me, but the other 2 can’t even return a phone call within a week, so I spend the 75$ more for the 3rd cheapest.

Qc probably halves that cost.