Ontario Insurance Rates set to rise up to 10%

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Eric Jean - Corvette Sales
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A jump in rates will suck, but won't be the end of the world for me.
 

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Rates in AB suppose to be 15 to 20 %. Government scrapped the cap on rates so insurance companies are taking advantage....
 

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Cariboocreek

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$1050 per year. $500 deductible, comprehensive, $2, million liability, replacement cost. Could be better but my radar detector failed me three times last year....🤨
 
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V8!

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That really sucks
 

SN-III

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Realized increases were on the horizon (Nov 2019) ...
I was able to secure a late 2019 rate for 2020 by taking care of it in 2019 ...
not really sure how the industry actually works as it seems significant
insurance rate increases are invoiced as the New Year Ball drops in NYC.

I believe it is a matter of AB catching up with other Provinces ...
but now I see the other Provinces are still going to realize a double-digit 2020 hike too.

So paying for the year ahead, I changed my renewal date to January a few years ago with my insurance
renewal invoice being sent out late November with current rates and not upcoming year rates
(so I was lead to believe) ... perhaps to merely delay the inevitable.

 
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OttawaKev

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You can negotiate with your insurance company costs are not carved in stone...a few years ago I did some comparison shopping with everything the same included the home and both vehicles....went to my then and current insurance guy with the other quote and said match it and he matched the other offer. From what he told me these prices are done via a computer program at the main office and yes you see the jump in your premium but they do have the ability to adjust to meet industry pricing kind of like when you walk into Home D, Cdn Tire, or Lowes and say hey this guy is offering this can you match it... and they do if it the same... and you save 10% for the match for them to keep your business.
 
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