Most expensive provinces for auto insurance premiums revealed
Just a moment...
Pretty clear how crown corporations provide much better value to the people with SGI (SK) and MPI (MB) at the very bottom of the list.
Just corporations providing the best service for the lowest prices /s
I'm very anti-privatization of health care. People wonder why.
I've read before that Ontario has the highest rate of insurance fraud/ false claims. Factors like that may have affected Ontario's price, bringing it up. I wonder how Saskatchewan compares. Does Saskatchewan have a high rate of insurance fraud. If Ontario had a publicly owned insurance company, how much cheaper would it be?
I can speak for Manitoba. MPI has a very robust anti-fraud investigative department.
They report publicly each year. (Partly to show the public that they're protecting the integrity of the system, and partly to remind potential scumbags that they're being watched and probably won't get away with their "clever" plan.)
Why is Quebec excluded from this list?
I don't know how other provinces operate, but I like Saskatchewan's actuarial model. Instead of a bunch of demographic slicing and dicing, the only thing that matters is your driving record.
No record means you're a new driver. Whether you're 16 or 80 doesn't get considered, just that you have a "new driver" risk profile. There are also a variety of driving restrictions that gradually come off over a few years of driving with a good record.
Build up a bad record and your premiums climb pretty rapidly. Depending on the nature of the infractions, even your driving license itself can start getting pretty darn expensive and possibly even revoked.
Build up a good record and your premiums go down and your driving license stays inexpensive.
I think it's a great system too. It's pretty simple and offers pretty decent discounts for safe driving. One other good feature is that the fees for demerit points are charged immediately, so it's another reminder of 'I should not do that' soon after the event happens rather than delaying until the next renewal.
Ontario definitely has a high number of morons on the road, so I’m not surprised our rates are so high.
It's awesome you say that in a country where the first road rage gun death in the world took place; and in Calgary, not Toronto.
I have driven in Ontario and Alberta. Now I'm in Vancouver. You may not know how well you have it.
Insanity.
For those who can, try CAA's pay-as-you-go insurance.
If you don't drive a ton, you will save a LOT.
Never heard of this before and going to check it out. Assuming I can use it with a 2012 Hyundai Sonata I drive under 10k a year I'm a perfect candidate for this.
Do these prices deal with average vehicles and no good-driving discounts?
That would make sense, as out here in BC I am insuring a 2002 F-150 for just shy of $850 for the entire year. But I am at max personal discount due to a clean record, and I don’t exceed the KM limit for low use (which was introduced just a few years ago). So there is that.
Still, I paid 800+ back in the 90s, even with a discount (albeit not the max).
Alberta has this weird thing where they think they're cheap and affordable, but you get fucked all the time.
I moved here from BC a few years ago, and it's really amazing how many basic things are missing, like renter protections, or affordable energy.
It's the "conservative" ethos- fuck over your fellow humans to make a dime.
Saskatchewan has been pretty solidly conservative for almost 20 years now. Alberta has had a left-wing provincial government more recently than Saskatchewan. Scott Moe is a huge source of Covid misinformation. Also he killed a woman with his car. Your guess is as good as mine as to how someone like that manages to take the provinces highest office. Actually very similar situation in MB as well.
I guess what I'm trying to say is that understanding The Prairie Provinces is a lot more complex and interesting than the rest of Canada ever seems to want to engage with, and these kind of Authoritative drive-bys ("Albertans are defined by an ultra-conservative fuck-you-i-got-mine ethos") aren't particularly valuable when trying to understand the prairies (explain why AB has one of the highest levels of support for abortion? Why was Calgary the first major city to elect a Muslim mayor?) But they do serve as dismissive and diminishing ways to generate national division, and frankly I don't think feeding those narratives with terse snipes is valuable.
Yeah I've heard from a few people they pay less for auto insurance in Alberta vs BC. But there are many options for insurance that will effect your rates so unless they are comparing the exact same plan it's hard to compare.
I suspect it's a mix of private insurance and all the large pick-ups used in the oil and gas industry. It probably spreads to all the other drivers a little. There are a lot of contractors with big expensive truck sitting at around $100,000 in value putting around oil and gas country.
Corner cases aside, you will note the article compared similar plans and similar driver experience. Whether we can game the results for a particular driver is an academic problem most of us don't have time/money to figure out.
Remember this important fact: when there's more than one (eg private) insurer, none of them need insure you. When the only insurer is the gov, the books need to be more open and rejection becomes a media issue.
As a friend in Washington is discovering after a minor roof problem and then a major pipe problem a decade later, both involving water leaks, you can be dropped from your private insurer if they decide your two claims show a trend. And once you've been blackballed by one, you're lucky to get insurance from anyone whose name isn't, in fact, Lucky.