The moment you file an insurance claim, your premiums can shift for years. In Canada, an at-fault accident typically pushes car insurance rates up by 15% to 40%, and the way you handle that first interaction with your insurer often determines how much you end up covering yourself. Here’s what you actually need to know. Disclosure: Some links on this
Nearly nine in ten Canadian households hold at least one insurance policy, and for most of them, the cost of that coverage went up in 2022. Property and casualty premiums rose 9.2% that year, while property claims cost inflation hit 8.5%. When the bill keeps climbing, the way you pay starts to matter. Here’s what you actually need to know.
Ontario’s auto insurance system is set for its biggest shake-up in years. Starting July 1, 2026, the province moves to an à la carte model where only medical, rehabilitation, and attendant care benefits stay mandatory. Everything else — lost wages, caregiver expenses, housekeeping help — becomes optional, with each insurer setting its own price for every add-on. Here’s what you
Going through a divorce in Canada reshapes more than just where you live. Contested divorce litigation can run from $50,000 to over $200,000, and that’s before you factor in what it costs to get the tax treatment wrong. The family home, the RRSPs, the pension credits you both built up, even the Canada Child Benefit you’ve been receiving — every
Most Canadian households get an insurance renewal letter, glance at the premium number, and file it away without a second thought. I’ve seen the same habit in my own circle — a quick check of the bottom line, then straight into the drawer. The thing is, that single figure tells you almost nothing about what actually changed in your policy.
Nearly one in three Canadians will face a disability lasting longer than 90 days before they turn 65. That statistic from the Canadian life insurance industry lands differently when you consider most people spend more time planning their next holiday than their income protection strategy. Here’s what you actually need to know. Disclosure: Some links on this page are affiliate
Car insurance in Canada is getting more expensive by the year. Premiums rose 8.7% nationally in 2024 alone, and in Ontario the average annual premium hit $2,068. But two drivers living on the same street, driving the same car, can end up paying wildly different amounts — and one of the biggest reasons is something most people don’t connect to
Canadian families spent more on pet insurance in 2021 than ever before, with the total premium volume hitting $313.4 million and the number of insured pets climbing 22.7% in a single year. That rate of growth is the clearest sign yet that pet coverage is shifting from a niche product to a staple of how people manage household costs. Here’s
Disclosure: Some links on this page are affiliate links. If you make a purchase through them, Britwealth may earn a commission at no extra cost to you. We only include products and services that are relevant to the topic. This article is general information only and does not constitute professional advice. For your specific situation, consult a qualified professional. 57%
By mid-2025, the average Ontario driver was paying roughly $2,120 for car insurance. Five years earlier, that figure sat closer to $1,600. The gap isn’t just inflation — insurance premiums have been climbing faster than almost any other household expense, and the acceleration has a clear set of causes. Here’s what you actually need to know. Disclosure: Some links on
Last year, Canadian property and casualty insurers paid out over CAD 52 billion in claims, with auto injury claims alone averaging CAD 28,500 per incident. That scale of money moving through the system explains why how you buy insurance — through a broker or directly from an insurer — matters more than most people realise. Here’s what you actually need
Average auto insurance premiums in Canada hit roughly $1,900 a year in 2024, and by mid-2025 Ontario drivers were already seeing an average of $2,120. Those numbers keep climbing — auto theft claims alone passed $1.5 billion in 2023, and severe weather caused $8.5 billion in insured losses the following year. If you’re paying more and wondering where the leverage
