ICYMI: Changes to auto insurance across Canada in 2021 — via drivingdotca autoinsurance
adjusts rates annually based on the Canadian Loss Experience Automobile Rating system, which looks at several risk factors, such as vehicle type and risk of claim, to determine rates.
The CLEAR updates in 2017-2019 were revenue-neutral and had no impact on rates. In 2020 and 2021, the CLEAR updates were cancelled due to the pandemic. However, rate changes will take effect on April 1, 2022, as a rate rebalancing effort.Yukonbecame slightly more expensive last year.
is a free and independent rate comparison website that allows Canadians to compare rates from 75+ providers for various financial products, such as auto and home insurance, mortgages, and credit cards.