Common reasons premiums rise
1. Industry-wide claim costs
Repair costs, parts prices and injury claim costs affect what insurers charge everyone. Modern vehicles with sensors and cameras cost more to fix after even minor collisions.
2. Vehicle theft
Auto theft has been a major issue in the GTA. If your vehicle model is frequently stolen, comprehensive coverage can cost more, and some insurers require anti-theft devices.
3. Where you live
Insurers price by area based on claims experience. Two identical drivers in different postal codes can pay very different amounts.
4. Changes in your household
Adding a new driver, a change in how a vehicle is used or a longer commute all affect pricing.
5. Discounts ending
Introductory, conviction-free or telematics discounts can change at renewal.
6. Claims or tickets you forgot about
Not-at-fault claims usually don’t affect your rate, but some can, and minor convictions stay on your record for years.
7. Your insurer’s rate filing
Ontario auto insurers file rates with FSRA. When an insurer’s approved rates change, renewals reflect it.
What you can do
- Ask for a renewal review before the renewal date, not after
- Compare insurers, since they weigh the same factors differently
- Review deductibles and optional coverage, including the accident benefit choices introduced in July 2026
- Check bundling, winter tire, multi-vehicle and telematics discounts
- Make sure your kilometres and vehicle use are accurate
Use my auto renewal checklist to prepare.
This article is general information, not advice for your specific situation. Policy wording and insurer rules determine coverage.