Ontarians pay highest auto insurance premiums in Canada, Quebec drivers pay the least: study

How does he jump to the conclusion that ICBC is less efficient or of lesser value just because they are more expensive? That logic would then infer that Ford is superior to a BMW. He does not mention that in the private market they can refuse to insure you and that some drivers in those provinces are paying thousands more for less insurance than here in BC. He does not mention the efficiency of spending several weeks to months comparing rates and then finding an insurance company that will insure you because your current company doubled your rates over a speeding ticket? I've checked and I get good value for my ICBC insurance and of course I would like the rates to be lower, but unfortunately, people will keep hitting each other and getting far more back in repairs and injuries than the $1300 they spent on insurance. Just because the profits go back to the govt coffers instead of a private shareholder does not mean we are getting screwed.

Everyone must remember that every word that comes from the Frazer Institute is about maximizing profits for private sharholders and nothing they come up with is with the public good in mind ... only profits and more profits. They get far too much attention from the media.

Yes the insurance companies share the same hairbrush so there is no real competition for lower rates.And the McGuinty government "Commissioner for insurance" has done nothing to help lower rates or propose government run insurance.What a scam.

I do not know wht the people from Quebec get all the breaks. I guess it is because we live in a FREE counrty

You must shop around in Quebec...All companies are trying to win your business with small clauses which may be hidden, so please read and understand what you are getting.

If consumer choice is the answer then Ontario should have lower premiums than those provinces with regulated insurance - instead we get this crap about high levels of insurance fraud....the fraudsters, in my opinion, are the insurance companies!

The govt makes it law that you have to have insurance, therefore should be regulating the industry. The most probable reason is that lobbyist hired by the insurance industry have convinced... or lets say contributed to their campaign to stay away from regulating insurance premiums. The high cost has actually increased the number of un-insured drivers in Ont to almost 1 in 5.

Funny how Insurance companies say that you are rated high after a couple of years...thus receiving the best rate. CAA Insurance requires you to be accident and ticket free for 20 years, heck, I'm still paying for a $2000 fender bender from 1993. How's that for sucking!!!

disgusting nobody in the world pays this much, you buy a 10,000 dollar car and you pay 1,200 for insurance . people should rise up against this scam

Its the Goverment colluding with the Insurance Industry that has helped the Insurance companies to Jack up premiums. Don't say Fraud and Jack up the Insurance. Go after the fraudsters. Its just an excuse for the Insurance industry. See how much profit they are making in a year - mind boggling. and the Government just turns a blind eye. - because the Insurance companies line the pockets of the politicians who run the Government.

There should be a telephone number to complain about all the insurance fraud going on (like tips).

@ Cody & Brit's Mom -Insurance is the biggest legalized scam out there. You clearly sell insurance. Sure, it's illegal to raise rates in the way you have mentioned, but insurance companies justify it via other means. You can spin any stat to say what you want it to. The dollar in dollar out thing is fine and well, but what do insurance companies do to prevent fraud that causes claim dollars out to outpace policy dollars coming in? NOTHING! Why spend to prevent insurance fraud, when you can just pay out on everything, and charge more to more than cover those losses, which is exactly what the industry does! In terms of how these companies are profitable - it kills me to read the billions the insurance industry disclose in profits yearly. I am all for capitalism, but it should be responsible. Making this kind of money, insurance companies should be investing in cutting down fraud so people don't have to drive cars that are worth less than their yearly policy. It should also be illegal to invest money made from insurance in any capital gaining venture - that money should all be set aside for claims, which is what the money is for. If there is surplus, a reasonable portion should be taken as profit, the rest given back or reinvested in things like fraud prevention. The only reason this industry thrives is because of lack of competition, and the forced legality involved in having to insure your car.

Corporate greed, scam, and fraud.

Two of BC's greatest money-sucking organizations in Canada are the Insurance Corporation of BC and Translink. Money, money, money. That's all they think the working stiff is about, money that they can tax.

ontario citizen is victem again and again...

Tell me something I don't know. These bastards have been ripping us off for years and the ass holes in government will not do anything to help. I am 65 and have been driving since I was 20 and have never had an accident but my rates still climb every fucking year. It all about money for these bastards.

Insurance companies are making profits hand over fist and the Ontario government provides legislation which complicity caters to the greed of insurance companies. I just hope none of my Yahoo brothers and sisters suffer an injury in an automobile accident. From the outset of filing your insurance claim, the insurance company's engine of denial will come into play. From the front line adjuster to the crony doctors to the insurance lawyers hired by the insurance company a claimant is put through the ringer and accused of lying and deceit to falsely receive benefits when the large majority are honest hard working folks who just want to get back to their daily living routine. Insurance fraud is not the major problem- only a fraction of claims are fraudulent. The greatest contributor to insurance costs is the enormous administrative costs built into the system focused on the denial of legitimate claims.

Fraud is a lame one word excuse for high rates. If true, what are the numbers. How much does it cost, how many were arrested and charged? Who is investigating? What actions are being taken? Etc, Etc. The only fraud I know of is insurance rates.

well then im getting REALLY SCREWED by allstate. no tickets, no accidents, no claims, just a perfect driving record. over $1700 for a 06 cobalt with basic coverage........... wow WTF ALLSTATE

WTF !! I've been driving for 15yrs.....never a speeding ticket and or car accident and I am paying $ 1700 a year.......got other quotes and are pretty much in the same range. All a bunch of money grabbers!!

I once had a beef about unfair treatment by my insurance company. I was referred to the Provincial Insurance Ombudsman, who proceeded to tell me why the insurance company was perfectly justified in treating me any old way it chose.

Two things became clear. 1) The Insurance Ombudsman is beholden to the insurance industry and couldn't give a rip about the consumer. 2) The only thing that insurance companies are prompt and in full about is collecting premiums.