Anywhere people drive cars, accidents occur. However, the rate of accidents in Ontario is the lowest in Canada. Nonetheless, insurance rates keep rising, and in 2017 we’ve seen another major increase. What does this mean for you and how can you keep your auto insurance rates from spiraling out of control?
What’s Happening With Ontario’s Insurance Rates?
Life’s not always fair – that’s one of the ways to view Ontario’s auto insurance rates. In 2015 the annual Ontario insurance hovered just under $2,000 on average, while Quebec’s was just below $1,000 and Nova Scotia just over. Now it’s 2017 and rates have gone up again: approved rates showed an increase last quarter of 1.24%. Where will it end?
Unfortunately, not even the Ontario government seems able to answer that. In 2013, Liberals promised a reduction in Ontario’s high insurance rates, going so far as to aim for a 15% reduction. Not only have they failed at reducing, but the rates continue to rise.
A part of why insurance rates keep going up is that the province highly favors cash settlements, more so than in other jurisdictions. While pre-trial settlements are always a popular choice for personal injury lawyers, that is even more true in Ontario. Other major factors are the deteriorating roads of Ontario that wreak havoc on automobiles, as well as the high population density in the south of the province.
How Can You Protect Yourself from Skyrocketing Rates?
While it’s important to shop around and find the best rate you can get, once you have it, there are a few steps that you can take to keep it. Of course one of the best ways to avoid rising insurance rates is to avoid getting into an accident. But even the safest drivers can get hit by another car or might be in an accident caused by poorly maintained roads.
In those situations it’s vital to hire a qualified personal injury lawyer. By having the right injury lawyers who will fight to make sure the responsible party pays for any damages you receive, you’ll save your insurance company money, and may be found to be without fault in the accident.
Retaining a lawyer gives you a professional, informed voice that can take over communication with your insurance company. By all means you should inform your insurance company of an accident if it occurs being able to follow that up with “speak with my car accident lawyer” is an excellent second step.
There are numerous accident benefit forms and all the associated fine print that you will want read over by a trained eye. Then there’s the legalese that insurance adjusters may subtly try to confuse you with. The best way to avoid these pitfalls and keep your insurance rates as low as possible is to have a competent lawyer at your side.