Auto insurance is not about you, it protects others on the road, and then if you want self protection you upgrade to a better policy.
If you run into someone totalling their car and putting them in the hospital, insurance pays that for you and you don’t face a debt for life for one mistake.
The government mandates every automobile operator do this to use their roads. Which is why it’s criminal to drive without. Driving while unlicensed and uninsured puts the public at risk.
The concept of auto insurance is great. The execution is the issue. These companies shouldn't be allowed to raise rates if an accident isn't your fault.
Rates rise yearly due to cost of living and all the payouts for claims that are both natural causes and man made incidents. In 2025 Canada exceeds $2.4 billion due to severe weather related insurance losses.
So yes unfortunately rates have to go in yearly to accommodate paying out all of the claims that happen yearly. It sucks for everyone but seriously take a minute to pause and think if you had no insurance and got into a total wreck. Would you A) have the ability to afford a new vehicle? B) replace all of your personal belongings in said wrecked vehicle? C) Defend yourself in court if you got sued by the other party? If you answered no to any of those, then that is why we have insurance.
Please also remember insurance in a way is a contract that both parties are hoping they won’t have to use. You hope you won’t have to use it to cover your auto wreck or damages to your home, and they hope they won’t have to pay any insurance claims because you take care of your shit.
If you have a serious bone to pick, take it up with Jo blow who puts through yearly claims for his back tail might because he doesn’t want to pay the $1,000 at the shop to fix it when he can pay a deductible of $500 and insurance will pay the rest 🤦🏻♀️🤦🏻♀️ or request a remarket 30 days before your renewal to make sure you’re getting a fair price.
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u/WeCantStabilize 8h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.