Insurance Pemiums decreased again
- Thread starter Platinum Cycle
- Start date
Bobwheel
Active member
My story is my insurance company Scotia wanted to increase my rates for this year by $500 dollars a month. I contacted statefarm and they where going to offer me 200 dollars less then that so I was going to go with them, I contacted TD and they offered me 200 Dollars less then last years scotia rate. So $700 less then what Scotia wanted to raise my rate too.
Needless to say I went with TD and even got Motorcycle insurance with them. Full coverage for my motorcycle for $66 dollars per month over 12 months not bad.
Needless to say I went with TD and even got Motorcycle insurance with them. Full coverage for my motorcycle for $66 dollars per month over 12 months not bad.
Platinum Cycle
Well-known member
Insurance rates remain stable. Pretty cool.
Ontario auto insurance rates flat in Q2 of 2012: FSCO
Auto insurance rates in Ontario remained flat in the second quarter of 2012, according to figures from the Financial Services Commission of Ontario (FSCO).
Rate filings approved between April 1 and June 30 remained relatively flat, averaging a 0.06% increase, based on the entire market. As a result, auto insurance rates declined by 0.12% in the first half of 2012, the FSCO said.
Intact Insurance, which had the greatest market share at 9.91% in 2011, decreased its rates in Q2 by 0.06%. Aviva Canada, which has the next greatest market share, had flat rates.
RBC Insurance Company of Canada had the greatest increase, at 12%, while Unica Insurance Inc. had the biggest decrease in Q2, at 1.97%, depending on dates for new business and renewals.
Rate changes for insurance companies reflect the average for all the drivers insured and take effect for new business and renewal business on various dates, which the FSCO has published on its website.
The Ontario government passed auto insurance reforms two years ago, which are “…designed to reduce excess assessment costs in the auto insurance system and ensure more accident benefit dollars go to treating people injured in auto accidents,” according to the FSCO.
Ontario auto insurance rates flat in Q2 of 2012: FSCO
Auto insurance rates in Ontario remained flat in the second quarter of 2012, according to figures from the Financial Services Commission of Ontario (FSCO).
Rate filings approved between April 1 and June 30 remained relatively flat, averaging a 0.06% increase, based on the entire market. As a result, auto insurance rates declined by 0.12% in the first half of 2012, the FSCO said.
Intact Insurance, which had the greatest market share at 9.91% in 2011, decreased its rates in Q2 by 0.06%. Aviva Canada, which has the next greatest market share, had flat rates.
RBC Insurance Company of Canada had the greatest increase, at 12%, while Unica Insurance Inc. had the biggest decrease in Q2, at 1.97%, depending on dates for new business and renewals.
Rate changes for insurance companies reflect the average for all the drivers insured and take effect for new business and renewal business on various dates, which the FSCO has published on its website.
The Ontario government passed auto insurance reforms two years ago, which are “…designed to reduce excess assessment costs in the auto insurance system and ensure more accident benefit dollars go to treating people injured in auto accidents,” according to the FSCO.
