NEWS

Cities with highest car insurance policy costs all in GTA

How much are you spending for auto insurance coverage?

A current record from RATESDOTCA discovered that, when it comes to car insurance, GTA citizens are paying more than most of the rest of the district.

According to the data, the 5 most costly cities for automobile insurance coverage in Ontario were all in the GTA.

In rising order, they are: Markham, Richmond Hillside, Vaughan, Mississauga, as well as Brampton– the estimated average annual premium for Brampton citizens is $2,698.

Furthermore, the typical insurance policy premium in Ontario has actually raised by almost 10 per cent over the last two years.

Based upon the searching for, Ontarians are paying approximately $1,616 annually for auto insurance coverage, a boost of 9.7 percent considering that 2018.

Better, the average annual premiums for Toronto ($2,201), Ajax ($2,141), Pickering ($1,961), Whitby ($1,777), Hamilton ($1,755) and Oshawa ($1,636) are all greater than the provincial standard.

Alternatively, Kingston, Brockville, Napanee homeowners were paying the least for their costs at simply $1,103 annually.

“Despite insurer offering $1 billion in premium alleviation to Ontario vehicle drivers to soften the impact of the COVID-19 pandemic in 2020, the price of vehicle insurance in the GTA continues to be the greatest in the district,” Liam Lahey, editor with RATESDOTCA, claimed in a news release.

“The premiums GTA drivers pay can be credited to several factors such as the variety of distracted driving fines and auto mishaps in the region, in addition to the rising prices to fix highly innovative automobiles,” he proceeded.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button