Insurance in Canada: What’s driving premiums higher?
Stats in brief: 11-627-M2026026Description: The infographic provides a high level overview of the main cost drivers to insurers and why consumers are experiencing higher insurance premiums. Home insurance has been most impacted compared to automobile, as many consumers experienced declining premiums during the pandemic for automobile insurance. Extreme weather and pandemic factors influenced homeowners' insurance, whereas rising parts, maintenance, and repair costs as well as a spike in thefts have influenced auto insurance.
Issue Number: 2026026Frequency: OccasionalAuthor(s): McGillivray, MarisaMain Product:Statistics Canada - Infographics
