It is what it is. We have a crown corporation that runs the insurance monopoly mail 

Used to be fairly reasonable, they negotiated with me on a fleet policy that covers everything so that was nice. But with a very leftist socialist in power right now in my province they decided to cancel my fleet policy and make me pay each car one by one. AND jack up the rates at the same time. For some reason socialists always think that whenever they jack up rates, people are just going to pay them at the higher rate. Fantasy. In the real world people don't and the 'projected' revenue is way off the actual and they always wonder why. They never ever learn.

Last year I insured every car in full, the total bill was ~$85k for the year. Had I pay them in full this year my bill would have been over $100k. But with me cancelling most of the insurances their actual take from me was just under $20k. 

So instead of their goal of getting an extra $20k from me, they got $65k LESS from me. 

Here is the most insane part. For a new driver at 17 just getting their first car, say a used one that's worth around $3000, he/she would have been charged ~$5000 for a year's worth of insurance. The insurance changed to a new risk based scale that's attached to a person and not the car, so the new driver is considered very risky and hence the jacked up premium. And under the new scale that new driver would have taken over 40 years of claim free driving to get to full discount, 43% off.angry

 


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