Study: Canadian auto insurance rates leapt in the past year
LowestRates | January 25, 2019
A recent study has found that auto insurance costs across Canada saw a considerable year-over-year increase for the fourth quarter of 2018. Specifically, LowestRates.ca’s Q4 2018 Auto Insurance Price Index found that rates in Alberta are up 10.05% in Q4, compared to the same period last year – the highest increase of any province in Canada. Ontario also saw its rates climb, with an annual increase of 1.7% for the quarter, as well as Atlantic Canada with a bump of 3.75%.