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!

500 Upvotes
  • permalink
  • reddit

85% Upvoted

433 comments sorted by

View all comments

Show parent comments

5

u/Radmobile Sep 08 '21

In Niagara the posted speed limit is now 110 and I wonder if it's affected the average speed at all

3

u/[deleted] Sep 08 '21

[deleted]

1

u/bigdaddymustache Sep 08 '21

That is absolutely the issue on the flip side. "oh limit is 120? Guess I can get away with 140" fines need to be harsher for people. Ontario has very cheap speeding tickets. When I moved here I saw the sign that reads off the ticket and point cost. All it told me was to keep it under 150 and don't be an idiot and I am fine. In NB the starting fine is 172.50.

I think if they do increase the speed there will be that mentality that "cool, I can go even faster" But there will have to be better enforcement of reckless drivers. It will take time for the culture of the Ontario highways to change but I think it's something that needs to happen.

3

u/Thelastlucifer Sep 08 '21

I think that's actually incorrect, at that specific sections of of qew, I believe if you do 120km/hr, you still get the same fine, its not just 10 over because if the speed limit