Why are Car Insurance Rates in Brampton so High?

Ahhh Brampton… Home of Chinguacousy Park, Heart Lake conservation area, Powerade Centre, and…

Some of the highest car insurance rates Canada!

Seriously, what’s up with that?!?

How can an insurance company penalize you because of where you live? It’s not fair!

I agree with that – It’s not fair. But what are you supposed to do? You can’t get the insurance companies to give you better rates just by complaining to them. So you gotta do the next best thing, which is all you really can do – Shop around for the best rates. Call me for a free car insurance quote. I can shop around and try to get you the best rate. My phone number’s on the right side of this page.

But back to the question – Why are car insurance rates so high in Brampton, Ontario? I’ll give you the answer, but you probably won’t like it…

Brampton has a high loss ratio

Insurance companies do give people different prices for car insurance based on where they live. Brampton is one of the higher rated areas.

Now, the insurance companies aren’t specifically picking on Brampton for no reason. What happens is that insurance companies compile statistics on their loss ratios in different areas. The areas with the highest loss ratios end up paying more. Brampton is one of those areas.

They basically look at it like this – If you live in an area that has a high loss ratio, they think you are more likely to get into an accident or file a claim. Hence, they charge you more. Nothing you can do about that, except shop around for the best rate.

Like I said, call me for a quote.

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