Auto Insurance rates are increasing

FSCO looks at the company's claims losses relative to premiums before approving rate increases and allows for companies to make a profit. Many Ontario Insurance companies are complaining that their cost of injury claims is rising quickly, and will be applying for more rate increases if the government does not come up with a reasonable solution to the rising cost of claims.The major factor that controls the amount of money spent on minor sprains and strains while leaving enough money to care for those with more serious brain and other injuries.So in order to cope up with the rising cost of physical injuries ,Insurance companies have to increase the premiums .

The Insurance broker is the best choice ,a consumer can make ,as Insurance Broker has access to diffrent insurance companies and thus can get you the best price .