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  • Articles and reports: 11-621-M2025003
    Description: This study delves into the contributing claims and cost factors that have impacted the premiums consumers pay for auto insurance and the financial pressures insurers face. The engine type, brand name, and location of the vehicle have contributed, in addition to the overall rising cost of repairs, parts, and the vehicles themselves. Coverage types, and provincial regulation have also impacted both insurers and consumers alike, disproportionally impacting certain provinces. Claims severity impacted by the aforementioned as well as thefts and extreme weather, have contributed to the fact that owning a vehicle and insuring a vehicle has become more costly since 2020.
    Release date: 2025-04-02
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  • Articles and reports: 11-621-M2025003
    Description: This study delves into the contributing claims and cost factors that have impacted the premiums consumers pay for auto insurance and the financial pressures insurers face. The engine type, brand name, and location of the vehicle have contributed, in addition to the overall rising cost of repairs, parts, and the vehicles themselves. Coverage types, and provincial regulation have also impacted both insurers and consumers alike, disproportionally impacting certain provinces. Claims severity impacted by the aforementioned as well as thefts and extreme weather, have contributed to the fact that owning a vehicle and insuring a vehicle has become more costly since 2020.
    Release date: 2025-04-02
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