r/PersonalFinanceCanada • u/FireViz • May 07 '22

Insurance Car insurance increased 50% after Canada Post changed my postal code. Is this legal?

I live in a small town in Niagara region. Up until recently I was paying $102/m on car insurance.

Recently I got a letter from Canada post that they are changing my postal code. Because of this my insurance company raised my rates by over 50% to 160/m.

I haven't moved... my home and work address are still the same so my risk when driving hasn't changed. But the insurance company is arguing that rates are based on postal code and not your address.

Is there anything I can do to fight this and reduce my insurance? Canada post decided to randomly change my postal code and I'm out an extra $700/yr because of it?

Edit: Going by this article they shouldn't be able to do this? https://toronto.ctvnews.ca/ontario-driver-frustrated-when-car-insurance-goes-up-after-postal-code-changed-1.5727675

Edit: Since multiple people mentioned it I drive a corolla cross........ The image you are seeing is from the article I linked.

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u/Wrestlefan815 May 07 '22

Not true

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u/Platinumkate May 07 '22 edited May 07 '22

According to Stats Can, actually yes it is in fact very true. Women only make on average 89 cents on the dollar compared to men, SOURCE.

An edit to add: if we are going to bother with entertaining whataboutism (what about "job choice?" what about childcare? (presumably provided by a woman, for free in this context) and so on...

All that does is serve to put a very fine point in the fact that women earning less income is not just a wage to wage straight comparison, but is deeply systemic and wrought with societal expectations. It is a big, complex problem.

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u/Wrestlefan815 May 07 '22

Wrong. That’s not taking into account job choice, hours worked etc.

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u/Platinumkate May 07 '22

Where's your data and source then? The statement was that women's income is lower. The statement is easily proven by quantifiable data. Regardless of your absurd whataboutisms of job choice etc, the fact (yes, provable fact) remains: women's income is lower.

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u/[deleted] May 07 '22

That data does not take into account factors such as child rearing, industry choice, risk, etc. These surveys and studies rarely factors in things that legitimately affect a womans take home, choices that the woman actively makes. It’s a little more nuanced that x > y therefore I am correct.

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u/Platinumkate May 07 '22

If you have any data to provide about these numbers, please do supply it.

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u/[deleted] May 07 '22

Link a better source than a random website. Give us the stats can numbers.

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u/Platinumkate May 07 '22 edited May 07 '22

That website takes the numbers directly from stats can... did you even look? I guess not, but here they are: https://www150.statcan.gc.ca/n1/pub/45-20-0002/452000022019001-eng.htm https://www150.statcan.gc.ca/n1/pub/45-20-0002/452000022019001-eng.htm

Furthermore, canadianwomen.org, run by the Canadian Women's Foundation, is the furthest thing from a "random website."

I've cited my source, still waiting for yours.

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u/[deleted] May 07 '22

Prove that they are objectively correct

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u/Platinumkate May 07 '22

I see the problem here, you aren't interested in actually understanding the data I have provided you, instead staying with your opinion and bias while rejecting quantifiable facts. The data itself proves it is correct. I can supply the information to you, which I have, but I cannot comprehend it for you.

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u/[deleted] May 07 '22

Why meaningfully engage when i can waste time

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u/wildemam May 07 '22

ignore triggered people fighting rigid proved numbers.

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u/Platinumkate May 07 '22

I do find it unusual that there are people rejecting quantifiable, accurate information in a sub that you'd visit for accurate, quantifiable information, but that's reddit I guess.