When the US housing market croaked, starting in 2005 (it needed two years to bottom), the entire American economy dove along with it. House prices fell 32% on average, and took a decade to recover.
Some direct insurers offer better rates, some are totally out to lunch, but generally auto insurance is more expensive in Ontario than other parts of Canada. permalink embed
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The average auto insurance premium in Ontario is $1,458, which is almost 55 per cent higher than the average of all other Canadian jurisdictions, the report found. If Ontario’s premiums were closer to the Canadian average of about $930, it would save Ontario drivers almost 40 per cent — or about $4 billion a year, it said.
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One of the most expensive places to purchase car insurance in Canada is, without a doubt, Ontario. According to studies, Ontario motorists pay $1,500 annually on average for their car insurance, while people from other parts of.
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The Insurance Bureau of Canada (IBC), Ontario Region, notes that Classic Car Insurance is called different things by different people – including terms like Antique Auto Insurance, Vintage Car Insurance or Collector Car Insurance. Usually, the term applies to autos that are at least 15 to 25 years old.