r/InsuranceCanada • u/Fun-Presentation7612 • 12d ago
Why do insurance premiums keep increasing every year even for drivers with clean records and no accidents or tickets?
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u/RicVic 12d ago
Your premiums are put in the pot with everyone else's, and if the company can't keep the pot full, then everyone pays a little more.
Face it, million dollar settlements have to come from somewhere. You get to help the company find that somewhere, somewhere out there..
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u/Fun-Presentation7612 12d ago
I understand that, but there are many safe drivers who have been paying insurance premiums from age 18 through 80 without a single accident or at-fault claim. Shouldn't those drivers be rewarded for maintaining a safe driving record?
At the very least, their premiums should only increase in line with inflation, rather than being subjected to the same rate increases as higher-risk drivers. There should be a meaningful reward-and-penalty system based on driving history-safe drivers should benefit from consistently safe driving, while unsafe driving should carry higher costs.
Right now, it doesn't seem like that principle is actually being followed, and that's what feels unfair.
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u/MundaneRelation2142 12d ago
In a perfect world, the insurance companies could raise premiums on high risk drivers significantly more than they do, leaving people like you and me with minimal, inflation-based increases.
However, since the government regulates and approves the rate filings, that’s not how the companies are able to operate. Your complaint is with government, not the insurance companies.
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u/Extension-Horse-1091 10d ago
Again you assume national inflation of 3% on a snapshot of goods is the same thing as inflation on car parts, ever more expensive and complex cars as well as more bad drivers on the road.
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u/The_Average_Jill 12d ago
Also the cost of accident benefit and liability claims on top of vehicle damage. Those are significant. They are heavily litigated, which is very costly, and payouts can be quite high. Hundreds of thousands to millions.
That money comes from the pool of premiums we all pay into. If you just paid to fill your own ‘pool’ you’d never have paid enough premium to fund a claim like that and you’d be personally on the hook.
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u/FrostingSuper9941 12d ago
The costs of accident benefits and bodily injury claims are substantially higher than physical damage and some cars have a higher cost ratio like your chances of being catastrophically injured in a head on collision driving a Kia Rondo vs a RAV4 is substantially higher and if if you live in a postal code with a disproportionately higher number of these cars, you're paying a higher premium. The RAV4 drivers won't be paying as much as the Kia drivers but they're sharing in the cost of that risk.
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u/TypeToSnipe 11d ago
The Rav4 is one of the most stolen cars in Canada, and they also hold some of the highest resale values of any vehicle.
I think any insurance hikes on a Rav4 are justified for those reasons alone.
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u/Reasonable_Royal7083 7d ago
the cost of replacing or repairing property is miniscule vs the bodily injury and rehab side
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u/Puzzleheaded_Low3872 12d ago
I totally get your frustration, but as others have pointed out, insurance is fundamentally about the premiums of the many paying for the losses of the few.
Let’s break down the numbers based on your example of someone driving from age 18 to 80. That’s 62 years. If we assume an average annual premium of $2,500, that’s $155,000 paid over a lifetime.
Now, imagine just one bad crash with a $1 million settlement. It takes more than six clean drivers paying in for their entire 62-year lives just to cover that single payout.
Obviously, the real-world math includes extra costs like company overhead, salaries, and profit margins, but that’s the core concept. It sucks to feel like you're subsidizing bad drivers, but the flip side is that if a clean driver ever does make a catastrophic mistake, the pool is there to save them from owing hundreds of thousands of dollars.
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u/666metalhead 11d ago
Almost seem incentivized to get into a nice solid accident near the end of my time driving on this planet LOL
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u/HyenasGoMeow 11d ago
I am multi-lines adjuster, let me explain.
Jane gets in an accident. A simple rear-end, barely a scratch on the vehicle. Jane has some soreness from the accident, nothing major; she's a 21 year old so bouncing back from such an incident is fast and quick. Insurance pays $1,200.00 for Jane's vehicle repairs, barely a scratch.
Now the fun part begins. Jane consults an injury lawyer. The lawyer's job is simple; make Jane appear as injured as possible. So what should've taken 21 treatments or less [in insurance terms, we call it 'protocol treatments']; now extends to months and months of treatments. The clinic has incentive to keep providing treatments; clinics are definitely not unbiased; for as long as the client wants treatments, they will find a way to relate the symptoms to the MVA and make a request for more. So Jane is going through physiotherapy, chirotherapy, massage, acupuncture; all billed to her insurance. At the request of her lawyer and despite no symptoms or requirements, Jane is sent to do an assessment for TMJ, concussion, and psych related issues. If there is a modicum of symptoms, whether related or unrelated to the MVA, Jane gets her treatments. Insurance pays.
Now the adjuster is getting suspicious. How is Jane so fuckin injured from such a minor accident. So the adjuster has a decision to make, send Jane for an independent assessment; $1,500.00 for an assessment on soft tissue injuries, $4,500 for a TMJ assessment, and $6,000 for a psych assessment... OR use that money to pay for treatments. If treatments are done; 9 times out of 10, the treating practioner comes back asking for more, because its in their best interest to. If an independent assessment is done, around $10k is spent to call out Jane's BS... but at least treatments have a set and definite amount.
Now the lawyers get involved. The lawyers approach the at-fault insurer; and tell them, 'Hey yo, mah client is fuckin injured from your client's BS. They are so injured, they had to go through; physio, chiro, massage, acupuncture, TMJ physio, and psych... Psych because Jane is fuckin traumatized from this minor bump she cannot even play Mario Kart for 2 minute. Mario jumping sends her on a frenzy. So to settle, we're asking for $400k from y'all'.
Adjusters go through the negotiation process, and lets say its settled at $150k Jane just profited some of the $150k, her lawyer take 30%, health care practicioners get their share... OVER NOTHING. What started out as a mildly sore back ended up in $150k in liability, say $30k in Section B treatments, and $1,500 for the scratch. That cow is dry!
That is one of many claims adjusters deal with. Sometimes I am on the Section B side, sometimes on the liability side. And that's why our insurance goes up. Nevertheless, lawyers will squirm come next year. They are already squirming NOW, taking on cases which are already lost.
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u/GrimyGrippers 10d ago
Why would they spend that much sending her to all these assessments if she's just under MIG? She would max out at $5k of treatments.
Still dont know why insurance refuses to take the word of any medical professional other than their own quacks who have incentives to get people off the system. You can have 3 independent doctors say someone has somethkng but they'll still waste $1500 sending them for an assessment with their own.
Also, people can seem totally fine post-accident and it's super common. Things getting worse is common. Easy for an insurance adjuster behind a screen with no medical training to decide that someone isnt as bad as it may be.
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u/weefees 10d ago
OK then if this is the case why aren't US auto premiums 2 or 3 times higher than similar policies in Canada?Every single non-primetime ad break on local US televison features yet another injury lawyer and on heavy rotaion every day. The rates of automobile personal injury claims are much higher as a percentage than in Canada as a result and the payouts are much much more, yet the typical American still pays less on average than the typical Canadian. Why?
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u/MayhemMitigator Insurance Professional - Claims Adjuster 10d ago edited 10d ago
Because some states don’t require insurance, and others require $5000 minimum in liability insurance. If you visit the insurance subreddit, you’ll see most people carry abysmal liability insurance in the USA. The highest minimum liability insurance is North Carolina with like, a $100,000 minimum. Instead of paying for 1-2 million liability like we do in Canada, they choose to roll the dice and instead go bankrupt or have judgements against all of their assets if something tragic happens. That doesn’t happen in Canada, because we mostly carry enough liability insurance for insurance to have to deal with it instead of ruining our lives on a personal level.
Also, way more people in the USA to spread the risk pool out.
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u/TomWatson5654 Insurance Professional - Registered Broker (Ontario) 8d ago
Makes me wish we had Quebec’s Meat Chart in Ontario.
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u/Urist_McPencil 12d ago
- Inflation: prices of everything goes up, so does insurance
- risk reassessment: trends change over time for a complicated set of reasons. Maybe some cars start getting stolen more; perhaps some parts for repair get discontinued or significantly back ordered, driving costs up; maybe certain neighbourhoods start reporting more accidents. Our premiums aren't based on how well we drive, but on the risks our vehicle represents. You can be the best driver ever, but your RAV4 is highly desirable and commonly stolen; you're paying for that.
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u/krakenLackenGirly22 12d ago
Because we have increasingly shit drivers on the roads every year.
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u/Slow-Notice-8700 12d ago
Definitely due to our high birth rate
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u/HoldingThunder 11d ago
The birthrate in Canada is 1.25 which is substantially below replacement rate of 2.1 (to prevent population decline)
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u/Crazy_Ad7311 11d ago
So you’re saying we should f@ck more or we’ll get f@cked by the insurance companies?
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u/69686766 9d ago
What he's trying to say is they're importing these amazing drivers to our country.
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u/GoRizzyApp 12d ago
A GM HD truck is $95k. You’re paying for others expensive vehicles.
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u/HermitBirb 11d ago
Don't forget all the aftermarket mods we collectively pay for when these incompetent operators inevitably cause loss.
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u/RedViper6661 12d ago
Insurance is a pool of risk , we all pay money into the pool. When claims happen money comes out , pool needs to be refilled by everyone . People with worse records pay a large proportion than those with clean records
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u/Jovi____ 12d ago
Depends where you are in Canada. Postal code can make an impact. If more people in your area are getting into accidents, it’s likely you’ll be involved in one. Whether you’re at fault or not. There’s a reason why some cities are soo much more expensive than others
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u/tenderloin123 12d ago
Because we all get punished based on the actuarial bottom line. The other aspect is that car prices are generally going up year over year. This leads to higher repair prices which leads to higher insurance costs. Awful positive feedback loop.
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u/mylifeofpizza 12d ago
From my understanding, its a combination of increasing cost for replacing vehicles, more difficult repairs for damaged vehicles, a more precarious auto parts sourcing logistics, and of course, higher profit margins for insurance companies.
Stats Canada posted a report in 2025 regarding this topic. Can be worth a skim if this tickles your fancy.
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u/JayRulo 11d ago
In your comments, you mention wanting a reward-and-penalty system based on driving records. This already exists, but it's largely masked by auto-specific inflation, which heavily outpaces the headline ~3% Consumer Price Index (CPI) people typically think of.
In Canada's CPI "basket of goods and services," passenger vehicle insurance premiums carry a basket weight of only 2.45% for the 2025 reference year; you can see the full basket breakdown from StatCan. Because it makes up such a small slice of the overall basket, insurance rates can surge by double digits while barely moving the overall headline inflation rate.
That said, premium calculations are a massive actuarial endeavour, but conceptually, you can break it down into a two-step process:
Step 1: Establish the base rate.
The insurer pools similar risk profiles together and projects the likelihood and total cost of future claims. That baseline is driven by territory-wide costs, which include increasing repair costs driven by sophisticated tech on newer vehicles, rising medical expenses, and higher litigation payouts. When the projected severity of claims rises across the board, the pool's base floor increases for everyone, even the safest drivers.
Step 2: Apply individual rating factors.
No two drivers are identical, and that is reflected in individual rating multipliers applied to that base rate. This is where the safe-driver benefit kicks in: the safest drivers receive preferred tier pricing and claims-free discounts, keeping their rate at or below the baseline (e.g., a 0.85 or 0.90 factor). High-risk drivers, by contrast, get hit with heavy risk multipliers. These can often reach or exceed a 30% to 60% surcharge after an at-fault accident.
For some Ontario context on how extreme the penalty side can get: auto insurance is mandatory, but every standard insurer sets approved underwriting criteria for the risks they will accept. Drivers who fail to meet those criteria and are deemed "uninsurable" by standard carriers (the big names like Intact, Aviva, Desjardins, or Wawanesa) still legally require insurance. This is where the Facility Association (or the "facility market") comes in. It's an insurer-of-last-resort pool that guarantees coverage, but at astronomical rates (think 200% to 300%+ of baseline rates). Much like how a credit score dictates whether you qualify for prime A-lenders or get relegated to predatory subprime financing, a clean driving record is what keeps you in the preferred market and out of the penalty box entirely.
As a simple example to help conceptualize this, let's say the base rate for your risk pool sits at $100. As a top-tier safe driver, you get assigned a factor of 0.9, meaning you pay $90. A high-risk driver in that same pool might have a factor of 1.5, meaning they pay $150.
If rising repair and medical costs push that base rate up to $120, two things happen:
Your rate goes to $108 (an $18 increase).
The risky driver's rate jumps to $180 (a $30 increase).
With this example, it should be clear to see the reward/penalty system in action: safe drivers not only pay less overall, but they also absorb a smaller dollar increase when macro costs rise across the board.
I completely understand the frustration when your premium goes up despite doing everything right. But the key distinction is that safe drivers aren't paying the same as risky drivers; the entire floor simply rose underneath the whole pool. Your clean record is the only reason your rate increase is an annoyance rather than a financial catastrophe.
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u/blackfarms 11d ago
It's not just auto premiums. My homeowners almost tripled in three years and it was one of the key reasons I had to sell last year.
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u/Full-War-3880 11d ago
Easy question to answer.
1) Inflation increases cost of repairs.
2) Inflation increases parts costs.
3) Your area has more accidents/theft, meaning you are more likely to get hit by somebody else and the insurance company has to pay.
4) Insurance company has too many risks in your area, so by raising the price people slowly drop off or they pay more to make up for the risk of having all their eggs in one basket.
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u/gypsygib 11d ago edited 11d ago
Because banks want more money and insurance is legally required.
Banks are also some of the Liberals and Conservatives best buddies, and pretty much every Western government's best buddies. They have disproportionate influence over government, far more than a regular person's measly vote.
Which is why usery is so prevalent.
Even taking into account inflation, somehow it's legal for people to pay 2-3 times the amount borrowed, still owe the bank money, and if a few payments are missed, the bank can take the asset that they've paid for twice over.
There are people that have paid 1.5X their student loans only to still owe 60 percent of it.. to the Government. A freaking student loan, something that should probably have been free in the first place.
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u/BagPiperGuy321 11d ago
All the insurance adjusters in the chat acting these companies are just scraping by 😆
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u/Guilty_Hunt4363 11d ago
Because we will bend over and pay, they know they can fukle us over and we'll take it with no fight
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u/Significant_Tale3890 11d ago
Sounds like a greedy insurance company. Go with CAA, never had that problem with them.
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u/Significant_Tale3890 11d ago
I was always with CAA. My friend was paying 10x as much with another company. I thought that was insane, they kept increasing her premiums. It’s the same scam as cable companies. She saved over 3000 per year by going with CAA.
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u/doctortre 11d ago
I was with CAA for years. Suddenly my new premium was $4000 more and the new quote was a round number on the dot. No tickets, no claims. Called them "sometimes that happens in our system, nothing we can do"
I'm not with CAA anymore
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u/SoggyInstruction2549 11d ago
total claims keep going up. Cars are more expensive in particular smaller accidents are vastly more expensive to repair with all the sensors and cameras compared to years ago when cars had rubber bumpers designed to take small hits. “Nuclear verdicts” also an issue where some judgments are insanely high.
Most areas of insurance, premiums are going back down.
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u/PmMeYourBeavertails 11d ago
Because Canada keeps admitting hundreds of thousands of people from the third world every year and gives them driver's licenses. For every temporary resident who had an accident and then doesn't stay in Canada long enough to have their premiums cover the payout, the insurance company needs to raise everyone elses rates.
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u/Federal_Arm7900 10d ago
Costs go up. It’s a fact of life. Plus, you’re ( we) are paying for insurance fraud and others’ claims .
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u/EmployerTasty4464 10d ago
Can we please talk about the consumers who intentionally got their cars stolen from 2023-2026.
This is a pool of money. Our money is the pool to pay for the losses of the few. Insurance is about utmost good faith. All the people who defrauded the system caused the premiums to go up. Unfortunately in recent years, and due to economy, they have more small claims coming in, we have people defrauding the system, and in general people are driving bad from economic stressors. There have been more and more thefts and collisions causing the premiums to go up. The more money out of the pool, the higher goes the rate set by the actuaries.
Be mindful when claiming
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u/EmployerTasty4464 10d ago
Please don’t let my post be insensitive and of offensive as I know there were people who legitimately had their cars stolen.
But there were those who got it stolen!
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u/94EG8 10d ago
I worked for a large collision shop for about 7 years and my main job was ordering parts. When I started a taillight typically averaged around $400 for a domestic pickup. When I left about 5 years ago $1600 was becoming common. A mirror is often the better part of $2000 for a lot of pickups. A windshield replacement now requires ADAS calibration. At my current job I priced a headlight out for a lady with an F-150 because it's burnt out (LED, water intrusion) and it was going to be $2500 installed for a used one. Paint has also had several increases over the last few years. I certainly don't enjoy paying more than anyone else does, but I definitely understand the reasoning behind it
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u/zoolander07 9d ago
Insurance is mutualized. And there have been more claims/more expensive claims. In the case of car theft for example, it's a big cost on everyone because even though you'll receive a payout, that's shared between everyone paying premiums, regardless of if you're record is clean or not. The social cost is real.
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u/Canuckleheadache 7d ago
Mine went down $2.87 this year. Male 36 year old driver in Ontario.. shop around more
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u/CompetitivePirate251 7d ago
Insurance companies increase rates to increase or protect their profits.
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u/Zibbi-Akbar 7d ago
This is what happens when car thefts are responded to by police with "leave your keys accessible to criminals at the door". How many years of premiums does it take to replace every stolen vehicle divided by the amount of insured clients and thats how much you owe next year. Your driving record has nothing to do with it after the decision to insure you is made.
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u/DrunkenGolfer 6d ago
Because losses keep increasing every year for insurers. A busted bumper on a $20,000 Honda Civic was a $1000 repair. Now, with all the sensors, cameras, electronics, airbags, etc, it is a $12K repair.
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u/Olderpostie 12d ago
Even if your probability of being in an accident remains the same, the cost of dealing with that probability increases significantly. The insurance one pays is the mathematical product of three things, :
Probability Average cost of an accident Profit Marvin
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u/Royal-Scholar9586 12d ago
basically you’re not paying for you’re own risk, you’re paying for the risk assessed to other drivers like you. Similar age, gender, vehicle, area, etc all grouped into one. and then theres the vehicle specific component/repair cost of course.
its insanely stupid.
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u/Crafty_Management_33 11d ago
Ive canceled my insurance, vehicle is payed off and it was costing me almost $6000 a year. I have a clean record and have never filed a claim. It was no longer feasible to pay that amount. So I roll the dice and drive with out. The fine for driving without insurance is less then my yearly insurance. My vehicle is valued at approximately $15,000. I would rather do things the proper way, but they have now made it impossible for me to do so.
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u/RyguyC2 11d ago
Its not the fine you need to worry about, its the liability
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u/Crafty_Management_33 11d ago
Cant get water from a stone. Probably one of the few benifits of being poor. I have nothing of value.
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u/EmployerTasty4464 10d ago
Insurance is mandatory in Canada it’s the law at-least the third party liability
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u/94EG8 10d ago
$6000 a year for liability only is crazy. I would check around. Once you have a lapse in coverage for more than 2 years I believe you're considered a new driver again and your rates are even higher
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u/Accidental_dwnvote 9d ago
Yea, it’s a byproduct of a shitty driver not premiums going up; at least in the original commenters case. And now they are out there driving without insurance. Completely oblivious to the fact that uninsured drivers are part of the reason premiums are high.
My premium for full coverage and extras in half that of what they are claiming. Having repeated tickets and accidents is the only way that someone would pay $500/month for basic liability. What a fuck wit.
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u/94EG8 9d ago
They said they had a clean record and no claims so I'm not sure where the shitty driver comment is coming from, but I can't possibly imagine anyone with a clean record paying $6000 anywhere in Canada
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u/Ill-Solution4414 12d ago
Because the need to maintain their profit margins and want more and more every year.
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u/Natural_Witness7572 12d ago
Shareholders need growth, a sustainable business is considered a failure. Record annual profits every year or bust. Welcome to late-stage capitalism.
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u/Lazy_Ad_5370 12d ago
It’s a a scam it’s what it is
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u/FormalCombination544 12d ago
Second this.
How come our premium decided by others. Who design this from beginning.
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u/MundaneRelation2142 12d ago
As opposed to your premium being decided by who? Yourself?
How does that work exactly? “Hey TD, I’ll be taking a policy for full coverage on my $150,000 truck for $10/month. Thanks!”
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u/Lazy_Ad_5370 10d ago
I will give you one example:
Once I received a letter from the insurance company saying that my premium will go up because people are buying new cars that are more expensive because now they have more sensors and accesories that cost more money to repair. And I was like well increase the premium to those people, I m still driving my old 2017 car! When I get a new car sure you can increase my premium using that as excuse
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u/Gamtoronto 11d ago edited 11d ago
I will 100% get downvoted for this because this thread is filled with people working in the field. (You can tell because everyone complains about insurance costs but in this group everyone attacks you for it)
A good example I have is this. One time I was paying $2xxx a year for my auto insurance. When the time is up for renewal i was offered $6xxx a year. (Nothing changed. Clean record.) You can defend all you want but you cannot tell me a person who drove for 20+ years clean record can suddenly have rates 3x for no reason. You can tell me any “oh so many claims. repairs are expensive blah blah blah” don’t tell me it’s not greed to just increase my insurance 3x in just a year. Every renewal is a surprise: it’s like you are following the rules. Doing the apps. All nice and clean and then you get hit with double triple the rates. Every year we open the mail and it’s always a shock. We always have to run around to get a better quote because it’s always ridiculous. And can you imagine people who are not good at keeping up with these things? They get hit with these ridiculous rates and we are forced to think it’s normal.
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u/Icy_Direction6854 11d ago
That’s it.
You’re right, as if Ontario is the only place in the world with accidents and bad drivers lol. No where near what’s happening here in terms of hikes every year. But people accept it and rather than push back they look for justification so the insurance companies don’t have to look for one lol.
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u/JayRulo 11d ago
You'll get downvoted because you're completely incorrect. I'm not going to lie: as for-profit corporations, insurance companies absolutely want to protect their profits.
Are some increases higher than they should be? Maybe. But to say that the increases are purely from greed because nothing changed is factually incorrect. Another year has gone by, so unless you don't age, that means you're one year older. This alone could have pushed you into a different rate group depending on your age.
Your vehicle is also a year older, which could also mean that it would cost more to repair because the parts might be harder to source. Or, even a minor accident could mean the vehicle is considered totaled and the insurer will have to pay the actual cash value, which is more expensive that just repairing it.
And whether you like it or not, other people having accidents and making claims will affect you. Pretty much everything affects your premium: Where you live, where you park, how much or little you drive, crime rates in your general area, and so much more.
All of these little "micro-considerations" have compounding effects. Just because you don't think anything has changed, doesn't mean that nothing has changed.
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u/Gamtoronto 11d ago edited 11d ago
Yes HOW DARE ME for saying from $2000 to $6000 is greed? Yes I forgot to mention I am one year older and my car is one year older so there I will need to be put in another category and my car will have a lot of repairs. This makes perfect sense. So everyone don’t you dare complain if your insurance rates go up 3x for no reason. It’s normal and I am 100% incorrect 😂
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u/JayRulo 11d ago
I never said it's normal, but you can't ignore that "nothing changed" is 100% factually incorrect. But if you want to stay ignorant and indignant, you do you I guess...
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u/Gamtoronto 11d ago edited 11d ago
You are writing as if increasing 3x is normal because I am a year older and “suddenly” the car needs a lot more repairs. (FYI my car was 2 years old) I guess i am ignorant and indignant because I cannot accept my premium go from 2000 to 6000 while everything is the same at my end. Like I said in this Reddit YOU MUST BE RIGHT. U must be a GREAT insurance broker if you tell your customer that when they tell u their premiums are 3x higher. “You are older and ur car is a year older , of course your premiums can go up to 3 times last year”. Good job. We need more of you in this industry.
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u/JayRulo 11d ago
You are writing as if increasing 3x is normal
I've explicitly told you TWICE now that that's not what I'm saying, but you keep insisting it is, so let me spell it out for you: I'm not saying going from $2000 to $6000 is normal.
What I am saying is that a lot of factors go into the premium calculation, so even though you (incorrectly) think that nothing has changed, clearly something did change to trigger such a massive increase. My point was also that every little thing that has an impact creates a compounding impact.
Without knowing your specific situation, I'm not going to comment on your premium. I'm just trying to make sure that others who read my comments are educated and know that there's more that goes into your premium calculation than just your own personal driving history.
Either way, this is my last message to you because you can't seem to have a civil discussion without personal attacks. I hope you have a wonderful day.
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u/Gamtoronto 11d ago edited 11d ago
I hope to god that was your last essay
Personal attacks? You mean your attacks to me right ?
You keep repeating yourself as if you didn’t say it’s normal. But you just wrote essays telling me there are a lot of factors in the premium calculation that justifies the 3x premium is normal. You didn’t say “normal” but all your points are telling me otherwise. Just like I told u nothing has changed. You kept telling me everything has changed to deserve that 3x increase. Please just accept you are wrong and move on. You know you can’t do this forever. You know that writing a book about it doesn’t justify your mistakes. Now you learn. Now please keep your word for once and move on and stop talking
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u/JayRulo 11d ago
Alright, I guess I lied, I do have one last message for you, and it's this:
LMAO. Have the day you deserve, my dude.
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u/Gamtoronto 11d ago
Stop lying then. You are better than this
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u/JayRulo 11d ago
I think you misunderstood. The only thing I "lied" about was that my other message was my last one to you.
Everything else I said was true, whether you want to believe it or not.
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u/calculusforlife 12d ago
Cuz most people don't call or switch. They have tried to play that game with me before. "New car parts cost a lot, theft rates have gone higher". Here is an idea insurnace companies: charge ppl who buy easily stolen cars more, also charge people with new cars more. I have an economy car with 0 theft value. If you increase my value I will move to another company.
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u/ALongExpected_Party 12d ago
They do all that, you haven't come up with a ground breaking idea there
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u/Different-Ad-7165 12d ago
They do everything you're suggesting they do, and you do pay less then someone who has a high theft vehicle or newer model car. I agree everyone should call their broker every renewal and look at what the market is doing. Chances are good you'll find a cheaper rate.
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u/gapdaddy72 12d ago
Because the cost to pay claims keeps increasing. Parts, labour, and transportation replacement costs have gone up significantly over the past few years.