All about Canadian insurance. Learn the ins and outs and get the latest news.
For the last decade or so, Jim and Willina Collins have enjoyed a regular bonus by using their no-fee cash-back credit card to pay for many of their expenses, including holiday flight and accommodation bookings, gasoline, vehicle repairs, and insurance on their vehicles (the couple have a car and a .... More »
Finding you the best financial practices is what gets us up in the morning. And our staff is a great resource for these ideas. So we polled the staff in our office to ask one simple question: What mortgage hacks do you use to speed up your mortgage payments? Here are their best tips for getting o.... More »
Shopping in New York or Italy on holiday. Summer vacation to Mexico or Cuba. If you imagine where you want to travel overseas, there are so many great destinations to choose from. But, the concern is that some Canadians are underinsured when they travel. An RBC insurance survey found that over 33 percent of people in Canada have had to file insurance claims for visits to a doctor while overseas. And, that’s concerning.
Travel While Exciting, Comes Packed with Safety Concerns
Norovirus is prevalent on cruise ships. It’s unsafe to drink tap water in parts of the Bahamas, Russia, Mexico, Brazil and China. The Centers for Disease Control (CDC) reported that public swimming pools in the U.S. may contain fecal matter. And, some parts of the U.S. may have swim advisories for oceans and lakes due to the presence of bacteria like Vibrio or red tide which is a toxic algal bloom. Hence, a sudden sickness can adversely affect your travel plans.
“Travel is a wonderful, educational experience and it’s great to see that Canadians are exploring the world outside their own province or country so frequently…
Are you looking for cheap auto insurance in Ontario? Ontario has some of the highest insurance rates in Canada. The average insurance premium in Ontario is estimated at $1,473. According to the Kanetix.ca Insuramap tool, in Brampton, drivers pay about $2,494 and in Toronto it’s $1,948. These figures exceed the average by $500 to $1,000. With over six million residents in Toronto, depending on where you live in the greater Toronto area (GTA), factors like traffic and congestion account for the higher premiums. But, it is possible to find cheap auto insurance coverage.
Where to Find Cheap Car Insurance in Ontario
Every quarter, insurers can request to have their rates raised or lowered. It was the Financial Services Commission of Ontario (FSCO) until June, but insurance pricing is now regulated by the Financial Services Regulatory Authority of Ontario (FSRA).
They can approve and deny all of the requests that insurers have. For the most part, rate increases might occur because of higher payouts due to increased car accident claims in larger cities…