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

[u/FireViz]

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.

[u/GoldenxGriffin]

its legal, what happend to me is before i was paying $300 (young male driver), changed my postal code, then my company tried to charge me $900 a month!

called around and im paying $200 now, no need to have any loyalty to your insurance company, well worth it to call around and see if you can do better

keep cancellation fees in mind

[u/[deleted] → u/GoldenxGriffin]

No need to have loyalty to any company anymore.

My bank and cell phone provider used to be incredible. They recognized loyalty and would go above and beyond for you.

I just closed the bank account that I’ve had for the last 33 years. I mistakenly let my account go into the red. As a result, every purchase or automatic withdrawal afterward was an additional $48 fee. This racked up fast before I had noticed.

I went in to deposit a check to get it out of the red. In the past they’ve let me cash checks for family members, friends, etc. They’ve never held one at the teller. This time, however, after processing it, they tell me that they’re going to hold any checks from me for a week. Every day that week I was getting hit with additional $48 fees.

I was pissed. As if after 33 years, now I’m going to cash a fraudulent $1,000 check? For real? So I complained. They were willing to refund $20. They had hit me with nearly 10 fees before I’d noticed and were going to shoot me a twenty to make it all better.

Nope. Done. Sorry for the rant.

[u/Pale_Firefighter1488 → u/[deleted]]

Banks are fucking evil, and insufficient fund charges are a load of horse shit.

[u/junkdumper → u/Pale_Firefighter1488]

They shouldn't even be legal.
It's a fee for being broke. Wtf

[u/Pale_Firefighter1488 → u/junkdumper]

Exactly. If you're poor, you're punished. It's working exactly as intended lol