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Drivers in the GTA are facing a major hike in their car insurance rates the next time they renew their policy, reports say.
Ten insurance companies serving drivers in Ontario have been cleared to increase their rates, according to the Toronto Star.
Their policyholders will be hit with premium hikes averaging between 11 and 19 per cent when it's time to renew.
The average driver for the GTA is likely to pay nearly 14 per cent more -- with some seeing about 30 per cent hike, the newspaper says.
Insurance companies are seeing an increasing demand for treatment and compensation, says the Insurance Bureau of Canada.
Premier Dalton McGuinty says compared to the cost of living, the rates are ?pretty good..
He says insurance is lower today than it was when he was first elected into office six years ago.
Reports say some insurers have been allowed to raise rates a second or third time in 12 months.
Drivers in the GTA are facing a major hike in their car insurance rates the next time they renew their policy, reports say.
Ten insurance companies serving drivers in Ontario have been cleared to increase their rates, according to the Toronto Star.
Their policyholders will be hit with premium hikes averaging between 11 and 19 per cent when it's time to renew.
The average driver for the GTA is likely to pay nearly 14 per cent more -- with some seeing about 30 per cent hike, the newspaper says.
Insurance companies are seeing an increasing demand for treatment and compensation, says the Insurance Bureau of Canada.
Premier Dalton McGuinty says compared to the cost of living, the rates are ?pretty good..
He says insurance is lower today than it was when he was first elected into office six years ago.
Reports say some insurers have been allowed to raise rates a second or third time in 12 months.
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