Canadians will pay $1500 more on insurance: who will be affected

It is not clear what became the information reason for increasing insurance payments in Canada now. But the increase in the monthly payment at once by such a large amount has angered people.

We are talking about car insurance against theft. Many insurance companies have introduced surcharges for owners of cars exposed to this kind of risk. The fact is that the insurance industry had to pay out more than 1.5 billion dollars because of hijackings in 2023. That’s when companies started expanding bills one after another, without much announcement. CAA Insurance stated that.