Auto insurance is a huge consumer pain point across Canada. Whether they purchase their insurance through brokers or directly with insurance carriers, there’s one common question that’s resonating countrywide: ‘Why has my premium gone up?’
There are multiple factors impacting auto insurance pricing across the country. Fraud is one of the big issues right now. Car insurance premiums are based on the cost of claims, and when people are dishonest about how much it costs to repair a vehicle, or how much they paid for healthcare and injury rehabilitation, that negatively impacts premiums.
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