Toronto Area Auto Insurance Rates Going Up

As previously reported, Toronto area drivers tend to pay the highest rates in Ontario. It has now been reported that these insurance rates will be increasing by an average of 14%.

Why so high?

According to a Toronto Star interview of Leonard Sharman of Co-operators General Insurance Co., “The big cost driver in Ontario, and even more so in the Greater Toronto Area, is accident benefits costs.”

In other words, accident victims are paying a fortune for chiropractic care, massages, etc., even after minor accidents. According to a previous item in The Star, various professional groups in the GTA have learned how to milk the system, and thus GTA costs for these types of treatments far out weigh costs in other cities around the province.

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