Ontario Auto Insurance: Why Premiums Can Rise Without a Claim and How to Respond

Common Factors That Affect Auto Insurance Premiums

In Ontario, your renewal premium can change even if no claim has been filed. Not having a claim does not, by itself, determine the renewal premium. When calculating the premium, the insurer may consider factors such as the vehicle, driving and insurance history, address, annual kilometres driven, vehicle use, and market conditions.

What to Do When a Renewal Quote Changes

When a renewal quote changes, you should check with your insurance representative to confirm that the vehicle, usage, drivers, and coverage choices are still accurate, and compare options that better fit your needs; this article does not make assertions about any individual's increase or its reasons.

Sources

• How auto rates are set

This article provides general information only and is not insurance, legal, or financial advice. Coverage is governed by current law and your policy wording.