TORONTO --
At the height of the pandemic, insurance companies promised $1 billion in relief to drivers but new statistics show that rates still went up.
According to Ratesdot.ca, the average Ontario auto insurance premium in December 2018 was $1,473. In December 2020, it rose to $1,616. That’s an increase in two years of 9.7 per cent.
"The cost of car insurance in the Greater Toronto Area remains the highest in the province," Liam Lahey with Ratesdot.ca told CTV News Toronto.
The most expensive city to own a car remains Brampton, where the average premium is $2,698. The four most expensive cities after that in order are Mississauga, Vaughan, Richmond Hill and Markham.