Climbing Costs: Cost of gas-powered car ownership in Toronto increases 52 percent says new report
Toronto, Ontario — New analysis from personal finance app Hardbacon has found that the average cost of owning a gas-powered vehicle in Toronto has increased by 52 percent. This change specifically translates to an average cost of $1,623 dollars per month, which is a significant increase from data collected in 2019 wherein the average monthly […]
Insurance Bureau of Canada: ‘Good Drivers’ Pay Higher Alberta Car Insurance Premiums
The Insurance Bureau of Canada (IBC) released a report highlighting a concerning trend in Alberta car insurance premiums. According to the report, insurance companies burden “good” drivers in the province with higher auto insurance premiums to subsidize high-risk drivers’ insurance. This situation raises important questions about fairness and equity within the insurance system. How it […]