Insurance Rates Skyrocket in Ontario

Update: See Insurance Rates page and post 1 , post 2 , post 3.


Ontario is now characterized as a “have not” Province. This distinction was bestowed upon Ontario, before the economy fell to an all time low.

Since the bottom of the economy fell out, Ontarion’s have experienced permanent job loss, high unemployment, loss of savings, high bankruptcy rates, loss of homes and relationships.

When Ontario Premiere Dalton McGuinty announced that the Province of Ontario was going to implement the Harmonized Sales Tax (which will convert the P.S.T to a value added tax which will be harmonized with the G.S.T.) or (H.S.T – which is a combination of the Ontario Retail Sales Tax (P.S.T -8%) and the Federal Goods and Services Tax (G.S.T – 5%) = 13%) on July 1, 2010 Ontarion’s (who understood that new services and items would now cost much more due to this new tax) scratched their heads in disbelief. Why would the Provincial Government want to increase taxes on an electorate who cannot reasonable afford to pay more when they have much less?

The all consuming avarice of private Insurance companies, operating out of Ontario, has led the government to modify the financial landscape to allow insurance companies to enjoy greater profit, at the expense of Ontarion’s. Recently it was announced that the Provincial Government would lower the compensation insurance paying consumers would receive, if involved in an automobile accident. The Ontario Government agreed with insurance companies that accident benefits should be reduced from $ 100,000 to a mere $ 25,000. Provincial Finance Minister Dwight Duncan said that he wanted to quickly pass this legislation, which would make multiple changes to help the insurance industry to realize maximum profit, paid for by Ontarion’s.

It was recently reported that automobile insurance increases were authorized. It is the Chief Executive Officer and Superintendent of Financial Services for the Financial Services Commission of Ontario who authorizes such rate increases (see section 410 of the  Insurance Act) The current C.E.O and Superintendent of Financial Services is Mr. Bob Christie who was appointed by the Dalton McGuinty Provincial Government on September 6, 2005.

Almost every Ontarion that invested in the stock market, lost monies on their investments in 2008.  Naturally the more one invested, meant the more one would serve to lose.  Insurance companies made profits of 2.8 Billion dollars in 2008. Remember how an insurance company defines “loss”. If in 2007 an insurance company calculated its’ profit at 500 million dollars and in 2008 it calculated its’ profit at 400 million dollars, it can state that it “lost 100 million dollars” in 2008.

Based on the insurance industries energetic lobbyists. lobbying the McGuinty Government, to change the regulations, the Liberal Government is listening and will eventually capitulate and pass legislation that great enhances the insurance industries ability to maximize their profit while curtailing their expenses. The losers in this scenerio will be the consumer who is forced, if they want to drive, to purchase auto insurance in Ontario.

Previously there was legislation (Automobile Insurance Rate Stabilization Act, 2003
S.o. 2003, chapter 9 – assented to on December 18, 2003) in place to control the incredible profit that insurance companies were raking in. This Act was designed to temporarily freeze automobile insurance rates for private passenger vehicles. This legislation worked hand in hand with the Insurance Act of Ontario.

What kind of auto insurance premium increases will Ontarion’s be subjected to ?

Some premiums will increase 17% and this is just the beginning.

In the 2nd Quarter of 2009 the Financial Services Commission of Ontario approved auto insurance premium increases to 7.8% to some insurance companies (over 12 months) where other insurance companies doubled that increase.

Policy holders with the following list of  Insurance Companies, will be adversely affected and will have his/her premiums increased, now and over the next few months (double digit increases). FSC is an abbreviation for the Financial Services Commission of Ontario (“FSC“):

CAA -premium rate increases of 12.10 % have been authorized by the FSC.

COSECO -premium rate increases of 10.40 % have been authorized by the FSC

Economical – 4th Quarter 2008 + 2nd Quarter 2009 = 11.02 %

Intact Financial (former ING Canada) – rates have increase about 17% since October, 2007

Pilot – 4th Quarter 2008 + 2nd Quarter 2009 = 16.70 %

Scottish and York -premium rate increases of 10.00 % have been authorized by the FSC

TD General Insurance -premium rate increases of 10.00 % have been authorized by the FSC

It looks like Ontarion’s need protection once again from those private insurance companies who sell auto insurance in Ontario.  Perhaps it’s time for the Ontario Government to implement the Automobile Insurance Rate Stabilization Act, 2009.

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47 comments

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  6. Liability insurance in Kuwait for example is about $150 a year. It’s a shame that we are forced by the province to take food from our kids mouth and feed it to the insurance Mafia.

  7. The masonic secretive movement is in control of our lives in north America. All of the law enforcement, judges, high ranking politicians, financial institutions (including insurance Mafia) are full scale masons and the rest of us are slaves. Time to wake up.

  8. If you think you’re paying too much..think again. The new comers are paying $400+ a month for car insurance even if they are driving an old piece of junk. What can we do in Ontario to stop this insurance Mafia. Please make suggestions in detail.

  9. I just spent several days to try to find reasonable auto insurance for my 25 years old son – this was terrible!! This is just robbery which the impudent insurance companies covered by the corrupted ontario government are doing just by day!!
    No shame and looks like it these bastards never had it.

  10. Youre so cool! I dont suppose Ive read something like this before. So nice to search out someone with some original thoughts on this subject. realy thanks for starting this up. this web site is something that is needed on the web, someone with just a little originality. useful job for bringing one thing new to the internet!

  11. Thank you for your time and efforts to have decided to put these things together on this site. Emily and i also very much liked your ideas through the articles over certain things. I am aware that you have many demands with your program therefore the fact that you actually took the maximum amount of time like you did to steer people like us by way of this article is even highly loved.

  12. Ha, and this is why the Liberal party has fallen off the map so bad, because of the sheer stupidity within the party. This is what happens when you vote for a party with no real logical economic plan, other than to tax the **** out of us.

  13. Dalton is thug,thieve.He is getting is commision from insurance companies.If insurance is gng like tht thn i wonder a day will come whn we have give our pay cheque to these thieve insurance companies

  14. Dalton’s Legacy: He had increased our electricity rates and has done nothing to improve our schools. Higher insurance rates, higher profits for insurance companies. He introduced the fee for OHIP and added the HST to just about everything but coffee. Wind mills that generate only anger, but not electricity and when they do, we have to pay others to take it off our hands. He wants to build more nuke’s on the shores of lake Ontario, I guess he’s not in tune to what’s happening. Which makes since, because he’s not in tune with anything, especailly us Ontarians and lest us not forget the E-Health fiasco. He should fire everyone at the OPG and save millions and deal with all the greed that infects all the unions in this province and at the same time tackle the even greedier corporations, starting with the insurance companies.

    People speak up!

  15. Let me guess, odds are everyone on the list voted for Dalton, not once but twice, and will probably vote for him again a third time. If you haven’t, I apologize, if in fact you have, stop the crying. Who do I recommend? Sadly they are all the same. We need to scream to our leaders what we need, and if they don’t listen we need to react, and protest peacefully, but frequently . Tea party anyone?

  16. IN DEMOCRACY WE SHOULD BE ABLE TO LET THE GOVERNMENT KNOW THAT WE HAVE OUR “SAY” AND THEY SHOULD LISTEN. OTHERWISE IT IS JUST A LABEL, CONVINIENT BUT MEANINGLESS.
    LET’S DEMONSTRATE AND ACT!! WE HAVE TO DO IT NOW!
    BEFORE IT”S TOO LATE AND WE WILL GO BROKE.
    WE HAVE TO FIGHT FOR OUR FREEDOMS EVERY DAY, IT NEVER ENDS.
    IF WE DON’T THE FINANCIAL INVISIBLE CHAINS IMPERCEPTIBLY WILL GET MORE HEAVY AND THEN WHAT?

  17. A lot of people are taking the chance of driving their cars without insurance and there are more that will decide to take the chance. I have not seen this government do anything for its people. Increase insurance get a bigger share of HST. Charge more for gas,Hydro more HST. Less than 1 year till election. Let them know how you feeland let your insurance companies know every year you will change insurance companies and go to the lowest rates. If everyone leaves an insurance company and go to another one. Do the same the following year. Ban an insurance company post it so everyone else will go to another one. Maybe they will get the hint we are fed up.

  18. I am in the process of appealing as I did not realize I should have fought a ticket. I just paid for it instead. The insurance company led me to believe I was the only one affected but come Sept. both my and my husbands policy was cancelled. We have been uninsured for a month and I am scrambling. He can’t just get insurance alone for his car and they want $8,000 from him because we have been uninsured for a month! I have to pay $11,000 until the appeal is final in January! We are both in trouble all because I did not realize one ticket would affect our insurance. How is it we go from $3,000 combined to this rate!?!? Ontario forces us to have insurance yet we are F&$#% by the companies.

    Right now we are thinking of selling the cars and just renting until my ticket situation is taken care of and cleared. They should not have the right to hold people hostage like this!

  19. State Farm increased my car insurance from $227 month to $360 a month. My broker says that is because I obtained my G2 license less than five years ago and the G a year and half ago, and that I have been insured for driving less than two years. On my personal level, they are leaving me with no option but to sell the car, turns out that in the TTC takes me 1.5 hours to and from work – each way, I guess I can handle that. What are those who actually need to car to go work going to do? or to drive the children to school/day care?
    Two things, 1) I feel I being discriminated, and robbed, most important I feel I am being treated like a potential criminal, so I am a big risk then increase the rate . 2) Politics: a) insurance companies hire some lobby firm and convince McGuinty on I don’t know what basis (but can figure out) and then the provincial legislature, they really don’t care about the people, and must be waiting for their year bonuses on the easy money collected (robbed) from all of us, they just went cried a little bit ,and got their reward; b) how come McGuinty and the Provincial are there to work for the companies and not for the people? what favour are they getting in return?
    Like some one suggested before, I am goint to complain to everyone, including my MP and McGuinty himself, I know is a waste of time but some one has to tell them that what the insurance companies are doing is theft and abuse.
    Last but not least. The regulator published some patetic excuse on ther website, they are providing “flexibility”: could not they be at least smarter and give a better one? that argument is pure cynism and hypocrite.

  20. Ridiculous how insurance companies can get away with a 20-25% hike and not much can be done. Funny thing if you shop around, very rarely do you get a more decent quote than your current provider.
    In effect, you are powerless and should accept your faith.
    Bottom line, there is there is no decent comsumer protection organization which can fight for fellow Ontarians and we end up swallowing whatever is being thrown at us. Perhaps I shoud start one and even have a name for it…”Enough is enough”

  21. My house insurance premium already went up to over $900 per year…..the insurance company wanted an inspector to check my house out to see if it was to their standards and I got a letter saying everything was okay and the house inspection was good.

    I just got a letter from my agent saying that the insurance company has increased my insurance $405 per year….even though the inspection was okay….they were increasing insurance rates.

    Is this legal? They can send me a policy in May with the annual rate of just over $900, then increase it in July to over $1300? I have retired and live on a fixed income. This ridiculous rate increase is unbelieveable!!!

    What can I do?

  22. Please help. My auto insurance has gone from 2300/yr when I started driving at age of 28, now gone up to 4000/yr because I had a claim of $2200. I found out that it can go up to 5K if I get a newer car. OMG, I don’t know what to do any more as I was told to stay with the same company.
    I don’t make enough money to eat. It’s very difficult to keep up since I came here as an Immigrant, took loans to go to college, struggling to get a decent job but never found one. How can I live here?

    I am trying to live as straight as possible but it seems to me that I am being choked to death.

  23. :( Is there a group petition for public auto insurance somewhere? If rates go up by drastic amounts it really should be because salaries have increased, they have no over the last 3 years really. I think we are getting screwed to fatten up the already fat insurance companies. It was like the monopoly rogers had in ontario for wireless service prior to the government allowing companies like Wind etc., just allow more competition maybe .

  24. Normally Ontarians tolerated whatever the taxes the Government put on them.
    Following the HST, now Ontarians will see the skyrocket jump in their houses and auto insurances.
    I am afraid that there are more to come.
    Bankers ripped off by introducing more and more service fees to the clients
    while their people got paid with high commission.
    Oil company jamed up the gas price anytime without reason and government had no say.
    Now it is the turn for Insurance, their rip off is blessed by the Government.

  25. I just got a re-estimate from State Farm that my home owner insurance will go up 3 times.
    From my current payment of $1000 to $3000. I didn’t make any claim since I moved into
    the house. I thought that it was only the cost of the auto insurance that went up and got abused.
    I don’t know what cause the home owner insurance go up that much. Is it mean that we
    shouldn’t drive and we shouldn’t have a house.

  26. Hi John: I couldn’t agree more. To go after retirees, who can’t afford it and shouldn’t afford it (based on excellent driving habits over the last 20 years) is disturbing. The people in Ontario deserve an insurance system which is public and affordable and where premium holders aren’t ripped off at the private insurance companies whim.

  27. I just had my auto insurance increase by 25 percent and all this for a retiree putting less than 10000 kilometres on his vehicle and no claims or violations in over 20 years. Seems like it is time for the government option.

  28. We need to stop this…..Don’t despair. Let’s fight back. Right to your MP. Write to the local papers. If they don’t hear us…..let’s make them hear us. If we all give up we are lost. They sell of our utilities, raise the prices, gouge us for oil, tax us and tax us….and now this!

    Write to your MP. You may not be getting a pension, but they will.

    I’m going to find every petition to stop this! This is theft. We can’t drive without insurance and we can’t buy homes without insurance….they’ve got us.

    I haven’t put in a claim in over 17 years. Why should I pay for those who do? ANd why so MUCH!!

  29. I just got a call today. My home owners insurance just went up 2.5 times what it was. From roughly 700/yr to $1,700/yr. The company said they checked my credit rating.

    I’ve been insured with these guys, house, auto, and life, for over 10 years. No claims. And they say that there’s nothing I can do.

    Is there a place where I can complain about this extortion? How do they have the right to access my credit history? This is criminal!

  30. I called to inquiry about when I was receiving my renewal notice from PC Financial Insurance with my current “Automobile” policy expiring July 1st. They said it was in mail but were able to assist me by saying my premiums will be increasing from $267/mth to $617/month…..a 230% increase……..WTF! I was told by the representative on the phone that Scottish-York (underwriters) could not sustain their rates and that the Ontario Government approved a 15-30% increase? Wheres the 230% increase come from? I definitely need to file a complaint….this is RIDICULOUS! I’m sure my voice will be drowned out but for once I feel the need to try….not much faith it will work. Thanks for the information…I need to get my ducks in a row before I start the process. Or maybe I should just concede defeat and shop around…lets be realistic I won’t get anywhere.

  31. Hi Bill and Haddit:
    The next Provincial Election takes place on Thursday, October 6, 2011; it is on this date that Ontarians take to the polls and decide who the next Premier is and who the ruling party will be.

    The public has demanded action in the past to stop the Private Insurance companies from taking advantage of the laws and increasing rates.

    In 2003 the Automobile Insurance Rate Stabilization Act, 2003 was put in place to prevent auto insurance companies from gouging the general public. This is an example of some of the language that this legislation contained:

    Temporary Insurance Rate Freeze:
    3. Subject to sections 5, 6 and 7, every insurer, on issuing or renewing a contract of automobile insurance after October 22, 2003, shall use only the rate for each category and coverage of automobile insurance that was approved or was deemed to have been approved under the Insurance Act as of October 23, 2003.

    McGuinty decided to lift this freeze and allow private insurance companies to increase the rates, with little or no boundaries. Now there is a sea of victims to the
    private insurance companies greed.

    This is an election issue and can be placed on the people’s agenda – which will become an agenda for all of the parties in the Ontario Provincial Election.

    You could demand “Public Auto Insurance” which millions of Canadians benefit from in other Provinces. In the alternative, you could demand “freezes” to the obscene rate increases that Private Insurance Companies are subjecting Ontario residents to – for auto and home insurance.

    The best way to do this is to collect hundreds of thousands of signatures from people just like you. Politicians are quite sensitive to these petitions and pretend not to care, but they do respond to these.

    On November 17, 2008, the Liberal Government, under the leadership of Premier Dalton McGuinty, proposed changes to the Ontario Highway Traffic Act, that would restrict young driver’s with their G2 licences, from driving with other young people, 19 years of age or younger. As a result, the young people protested. Their protest wasn’t out on the street, in fact, most were sitting indoors, with their computers, networking over a social network called “Facebook”. When 150,000 thousand people signed the Facebook petition, McGuinty changed his mind and did not implement the amendment to the Highway Traffic Act. See the following post: http://fightyourtickets.ca/facebook-protest-convinces-premier-to-drop-restrictive-changes-to-young-drivers-in-ontario/ .

    This is the only way to stop these Private Insurance companies from having access to unfettered rate increases – the Provincial Government must put their foot down.

    I would suggest an online petition – that is carefully worded. There are several different places on the internet which provide a format for online petitions. Ontario has the largest population of any Province or Territory (I believe it is verging on 13 million people) within Canada. If you can achieve hundreds of thousands of signatures, then the government will be forced to respond and will put the brakes on insurance rate increases. There would be a lot of happy people if this happened. Remember to always http://fightyourtickets.ca

  32. We need to unite people against this. Perfect driving record, and my insurance went up 25% for car and 22% for home with no changes to policy, and no claims. This is with Belair Direct. Does anyone know if the peoper channels for complaint actually work? We should start a petition. Or perhaps bitch through twitter. Don’t let them get away with this!

  33. Seems we have no recourse for the exorborant insurance rates we are all paying. Who can you complain to??? the gov’t is setting/allowing these increases. My rates have gone up continuously since I’ve had insurance and was told when I turn 25 they would drop, LOL I am 55 and have NEVER seen my insurance go down. When or how can a small person like me and the rest of the ppl here fight against something so huge??? the gov’t of course…. most ppl have no faith in gov’t and do NOT trust our gov’t officials at all. What a money grab after the insurance companies reported record profits last year???? Why are we being fleeced???

  34. Just got my TD home insurance policy. Up 30%. 20+ customer. No claims. starter home. Explanation. Re-worked an existing water damage policy to something new and I was eligible for it and got it with an automatic increase. Increase in home cost equates to increase in rates + increased building supply costs. Plus a general increase, i think she said 5%. And, my 500$ deductible had to do something with it. No exact details, but it all adds up to 30%. I was lucky to get a market adjustment to my salary this year of 5%. Now my wage is average for the market year 2007. And, I got a teen with a G1. Help me Dalton……

  35. Hi cfowler: You can certainly submit a complaint to:

    To Submit a Complaint against your Insurance Company: If you have a complaint against your insurance company or if you have an issue with your automobile insurance policy with your insurance company, contact The Ontario Financial Services Commission or call (outside of Toronto @ 1-800-668-0128) or in Toronto @ 416-250-6750. See: OFSC’s “How to File a Complaint” @ http://www.fsco.gov.on.ca/english/insurance/resolvecomplaint-insurance.asp#_How_to_File

    You may also want to contact your MPP and complain and request Public Auto Insurance

  36. I just received an increase of over 50% from Dominion Canada. The letter was typed up March 29th. I received it April 8th & the first withdrawal was scheduled for April 11th. So they tactfully state the policy takes effect in May but take the with drawal before I’ve even had a chance to respond to the new rate increase. Monthly policy jumped from $53.28 to $87.42. Without provincial regulation I’m now faced with paying out a stinking penalty to move to a more reasonable company, if the withdrawal hasn’t already activated the policy. Where’s my protection from this crap?

  37. Hi Eugene: I agree that the increases in the auto insurance premiums on the policy holders borders on obscene.
    Unfortunately, the cap that existed on auto insurance companies was lifted by the Provincial Government.
    In your particular case, the Financial Services Commission of Ontario (controlled by the Provincial Government) allowed Nordic Insurance to raise its insurance premiums recently on two occasions:
    6.71% on September 5, 2009 and 9.40% on December 2, 2009 or over 16% in a few months.

    Unfortunately excess is not frowned upon by the Government and this is not illegal, in fact, it is quite legal and authorized by the Government. It is best to shop around and ask the broker or the Insurance company you are contacting, whether they have increased their premiums yet or will it happen in the near future. You can always look at the Auto Insurance Rates (Quarterly Rate Approvals) as posted by the Financial Services Commission of Ontario, see: http://www.fsco.gov.on.ca/english/insurance/auto/rates/q4-2009.asp

    Some background:

    In 2003 the Automobile Insurance Rate Stabilization Act, 2003 was put in place to prevent auto insurance companies from gouging the general public. This is an example of some of the language that this legislation contained:

    Temporary Insurance Rate Freeze:
    3. Subject to sections 5, 6 and 7, every insurer, on issuing or renewing a contract of automobile insurance after October 22, 2003, shall use only the rate for each category and coverage of automobile insurance that was approved or was deemed to have been approved under the Insurance Act as of October 23, 2003.

    The McGuinty Government is allowing auto insurance companies to raise their auto insurance rates at an alarming level.

    There are reports that 10 insurers serving more than a quarter of the province’s drivers are being allowed to raise rates a second or third time in about 12 months. That’s expected to translate into increases averaging between 11 and 19 per cent when the policies come up for renewal. According to Liberal Premier McGuinty, auto insurance rates are still lower now than when the Liberal government was first elected in 2003.

    After giving the the Private Ontario Insurance Companies the nod to raise their insurance rates for auto insurance, the Liberals realized that those who concluded that their pockets had been unjustifiably reached into and emptied, would need to express their frustration; potentially at the ballot box.

    In an effort to deflect attention away from their agreement to allow auto insurance companies to profit off of motorists during Ontario’s fiercest recession (and Ontario’s greatest ever accumulated debt of 24.7 Billion Dollars) the Liberals decided to attempt to confuse the consumer, by announcing that they would have a responsibility to lower their own auto insurance rates by making the right consumer choices.

    After allowing Private Insurance Companies to gouge driver’s in Ontario, Liberal Finance Minister Dwight Duncan announced that the Liberals will be reforming auto insurance. The reforms are scheduled to be implemented in the summer of 2010 (before the implementation of the 13% Harmonized Sales Tax (H.S.T) on July 1, 2010.

    Ontario Liberal’s Finance Minister, Dwight Duncan, has the full backing and $upport of the Insurance Industry. Insurance Bureau of Canada’s President and CEO, Don Forgeron announced “We are pleased that the government is taking the steps necessary to create a better auto insurance system for Ontarians,”. “Ontario consumers are the real winners today,” added Forgeron, without actually promising that companies would hold the line on premiums.

    If the Auto Insurance Industry is happy about all of the changes put forward by the Ontario Liberal government, you know that that only spells trouble for Ontario’s motorists and huge profits for Ontario’s Auto Insurance Companies.

    It’s time to start looking at Public Auto Insurance for every motorist in Ontario.

  38. Just got a renewal notice for my 2 car policy with Beliair – payments went up 32% (!) with absolutely no changes on my side (no claims, no tickets, same address, regular cars etc.). When I called Belair the only explanation I got is that it is overall increase .. Nothing personal. While I’m shopping around for the other insurer/broker, I’m wondering is this considered legal to make this drastic increase with no reason other than losses on investment market by the insurance company (AKA Nordic Insurance, subsidiaries of ING Canada Inc.)?

  39. Hi James:
    Insurance companies continue to profit and raise their rates, despite the fact that they are already turning a healthy profit, but want more and more. They don’t care if you can’t afford or if you are a victim of Ontario’s poor economy and lose your job as a result.
    In addition to earlier insurance increases approved in 2009, the Financial Services Commission of Ontario (FSCO) said increases will average 8.77 %, up from 5.59 % for increases approved in 2008. Traders General Insurance Co. of Canada, which mainly covers members and groups and associations, topped the list of the biggest rate increases with a cumulative average increase over two years of close to 30 per cent.
    Others with cumulative increases of more than 20 per cent over two years include such leading insurers as
    Dominion of Canada General Insurance, Economical Mutual Insurance, Pilot Insurance and Unifund Assurance. Private Insurance companies in Ontario are gouging Ontarians, such as yourself, because the Ontario Government (through FSCO) allows them to.
    Perhaps it is time to begin to look at Public Auto Insurance (which eliminates the Private Insurance Companies) which is government controlled and is a cheaper altermative to present insurance scheme in place for Ontario motorists. Other Provinces enjoy this system and it could be argued that it is democratically controlled. Private insurance companies lost alot of profit as a result of the recent recession and is now in the process of making up for those losses and making even more money and building more skyscapers on the backs of policy holders such as yourself. In this case, they have asked you to pay twice for the recession, first with your job and then by increasing your rates for less coverage. I can understand why your feeling frustrated; under the circumstances, your feelings are totally justified.

  40. Opened a letter this morning from my insurance company and was informed of a $40 a month increase. I can’t believe it. I’ve been unemployed since I was laid off in September. I was paying $270.00 amonth for Life Insurance and Full Auto Insurance and Home. I have had no accidents and had two cars. I had to sell a car and now I’m force to pay 310 dollars. Now if i go out and commit a crime to pay for next month’s insurance premiums and get caught, I go to jail. Whose punishing these thieves?

  41. Hi Jods:

    Under the circumstances, it appears that unless you initiate further actions, your going to be paying an additional $ 265.00 a year indefinitely, subject to increases along the way. If you were given a quote and the agent didn’t advise you that the quote was only valid for 30 days, then you may benefit from launching a complaint, see http://www.fsco.gov.on.ca/English/insurance/resolvecomplaint-insurance.asp

    Fight your tickets advised consumers in November 2009 of the Provincial Government’s agreement to let Insurance Companies to drastically increase their rates, in some cases, up to 40%. See http://fightyourtickets.ca/home-insurance-skyrockets-in-ontario/

    Ontario is populated with over 13 millions Ontarians (the highest population of any Province or Territory in Canada) within the Canadian landscape and it is in this Province which Insurance Companies thrive in, thanks to the Provincial Government’s full co-operation. This will only be further exasperated in July, 2010 when every Ontarian will feel the gouging of McGuinty’s Harmonized Sales Tax of 13% – taxes will be cut for Insurance Companies at the same time.

    Remember to always http://fightyourtickets.ca

  42. I recently purchased a new home and when I initally went to garner home insurance. I rec’d a quote for 835 dollars a year. When I actually took the insurance the company said that – because I didn’t get the insurance in the 30 day quote period (by the way – the agent never mentioned that part) that the new rate was 1100 a year. There is nothing special about the policy and it has a 1000 dollar deductible. The agent also waited to tell me of the price increase until the day my home closed…leaving me no time to shop other companies.
    My home policy now costs me more than my auto policy where the chance of a claim is significantly higher!
    The cost of home policies has gone through the roof – just as the cost of everything has. Funny how my paycheque doesn’t get much bigger every year…I think our government needs to concentrate on THAT big issue! The way I see it is…my insurance company dinged me with a 33% increase which constitues about 1% of my salary – I should see an increase on my paycheque to help out with the cost of living…don’t you think? Add that up with all of the other ‘expenses’ in life that keep going up – i should see about a 5-7% raise EVERY YEAR. Don’t get me started on the HST and what that is going to do to people.
    Our government brags that Canada is ‘recovering’ from our recession…the way things are going it can only get worse…for us…the lower-middle class…
    Are there any other countries taking applications for a ‘better life’?

  43. Hi Shaun:
    I think that your personal experience and sentiment is shared by countless number of people in the Province of Ontario.

    What you have experienced at the hands of your insurance company cannot be justified. You should do some research and make some enquiries.

    There may be another insurance company out there, that can offer you the same coverage, without the astronomical rates that you are currently being involuntarily subjected to.

  44. Soaring Home Insurance in Ontario

    I just found this web site and I feel more people need to visit it and a make a comment.

    I have to agree with Debra. Last fall (October 2008) we had a site visit (the second in three years) from our insurance company. The up shot here is that we were told we had to now insure for “replacement value”. This value which was arrived at by the insurance company is 2.5 times higher than the MPAC assessmemt for the property and higher than the value of the mortgage or even the resale value of the home. We live in a pre-confederation home that in reality can not be replaced. We have been with this insurance company for 21 years and we have never filed a claim even during the ice storm. The renewal notice we received after the site visit raised our premium 70%. We received the renewal notice for this fall and it’s up another 20% from last spring. That’s a 90% increase in one year on a claim free policy. Everyone is hurting in Ontario. People are having to take pay cuts to keep their job if they are lucky enough to have one. The other real insult to injury here is the new combined HST of 13% that will be applied acrossed the board (except on your morning Tim’s coffee and paper that is – big deal) on top of these outrageous rates.

  45. Hi Debra: I couldn’t agree with you more. Given the economic reality facing most people in Ontario, how could these insurance companies possibly justify their actions, especially considering the financial challenges facing most of us in Ontario and the length of time (decades) that both you and your spouse were loyal customers.

    Unfortunately, the Provincial Government does not share our concerns and is allowing insurance companies to rake in immense profits at our expense.

    Thank you for sharing your experience with us.

    Remember to always http://fightyourtickets.ca

  46. It’s not only the auto insurance rates that are increasing. The private insurance companies are robbing us of monies that we don’t have. We just received our renewal policy in the mail from Aviva pilot with a 50% increase in premium. On contacting our broker to see why I was told ” all insurance companies are charging an 18% across the board cost of living rate hike” ” we have lost our 15% no claim discount” because we dared to make a $1600.00 claim (of which we received $1100 after deductible) and I can only guess that the additional 17% rate hike is because we are being punished for making a claim after 20+ years with the same insurance company.
    First of all, how can they justify a cost of living rate hike????? My husband is employed in the Auto industry and was out of work for a few months earlier this year. They made concessions to the tune of $20.00 per hour part of which was the grabbing back of their cost of living bonus. The real estate market in our area has plumetted and our home is worth approximately 20% less than prior to the recession yet the insurance company says it will cost more to rebuild it if it should be destroyed. We are constantly paying so this provincial government can dally with big business. The money for the insurance company increased profits is coming out of the pockets of the working poor.

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