Feb 13, 2019 Why Are My Insurance Rates Going Up?

5 Reasons why…and what you can do about it If you have been asking yourself, “Why are my rates going up?” lately, you’re not alone.  The home insurance and car insurance industry is going through very turbulent times. Canadian insurance companies are looking long and hard to improve results of recent years and the byproduct, at least in the short term, is increased rates for clients.  The reality is that insurance rates have not kept up with claims trends and insurers are not able to continue renewing risks at a loss. Without changes to the cost of providing insurance to clients, the only solution is rate movement on both car and home policies. But what’s the cause?  Let’s focus in on the 5 Reasons why…

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