Just in time for the snow first 2012 comes from the word insurance average crept up in the last quarter
During the rest of the industry, the rate increased in the last three months of 2011 was 0.84%.
But because only half of all companies that offer auto insurance, or 46%, approved for the level of increase, drivers will see increased an average of 1.84%.
The Ontario Government, which regulates the industry and agreed to the rate of change, said the increase in third-party liability – damage to property claims is the biggest factor in the increase.
Factors that increase almost 3.5% in the quarter, while the standard accident benefits up about 2.6% and the cost of third-party liability bodily injury-up 1.9%.