Lorraine Explains: Brampton insurance is Ontario's most expensive, once again

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Lorraine Explains: Brampton insurance is Ontario's most expensive, once again
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ICYMI: Brampton insurance is Ontario's most expensive, once again — via drivingdotca

Last year’s survey put Vaughan in the top spot, but they’ve fallen to number five despite experiencing just a one per cent reduction in rates. That’s not much of a story compared to Brampton, a city that has vaulted back to number one with a wicked 37 per cent increase in insurance rates, going from an average premium of $1,976 to $2,707.

Hamilton is back on the top ten list, with a 16 per cent hit in that city on an average spike from $1,564 to $1,820. If you’re moving, choose your new postal code with care. Drivers in the GTA “pay some of the highest premiums in the province.”Article contentaimed at tackling escalating auto theft in that city by offering Faraday pouches to targeted households. I was told Friday by the mayor’s office that the pouches have arrived and mailing will begin shortly.

“Ontario is catching up on what is a global problem,” says Ivans. “The U.K., the U.S., we’re about 18 months behind. This is about increasing costs of labour and car parts as well as consumer behaviour.”

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