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Ontario man says he is worried about rising home and auto insurance rates.
Summary
An Oakville resident says his home and auto premiums nearly doubled over three years, while Statistics Canada reports home premiums rose 6.8% and auto premiums rose 7.3% from October 2024 to October 2025.
Content
Frank Cassano of Oakville says his home and auto insurance costs have risen sharply despite having no claims and a clean driving record. He reports the combined cost for those policies almost doubled over three years. Statistics Canada data cited in the article show home premiums rose 6.8% and auto premiums rose 7.3% between October 2024 and October 2025.
Key facts:
- Cassano says his home and auto premiums nearly doubled over three years even though he is claims-free and has a clean driving record.
- Statistics Canada data show a 6.8% increase for home insurance and a 7.3% increase for auto insurance from October 2024 to October 2025; five-year figures reported were about a 38.9% rise for home and an 18.9% rise for auto.
- The insurance industry attributes higher payouts to inflation, tariffs, more frequent natural disasters (such as wildfires, hail and flooding), higher rebuild and repair costs, and more expensive, technologically complex vehicles; industry sources said increases are likely to continue.
- Cassano switched insurers and reported saving over $1,000 on premiums, and he has called on the Ontario government to investigate whether consumers are being overcharged.
Summary:
Consumers are reporting rising home and auto insurance costs and some are changing providers in response. The industry points to higher repair and rebuilding costs and weather-related losses as drivers of rate increases and says upward pressure may persist. Cassano has asked the Ontario government to investigate; any formal review or next procedural step was not detailed in the report.
