Canadian Drivers Beware: Thousands of drivers in Canada were placed into high risk, high cost insurance companies because of restrictive market conditions. The market has improved and more insurance companies are now offering better rates. It’s shocking what happened to many drivers over the last number of years. In 2002, in Ontario, there were 65,000 drivers in the Facility market, which is an insurance company for the worst drivers with the highest rates. In 2003, the number of drivers in the Facility market escalated to 222,773, as brokers lost many of their insurance company markets. At this time, insurance companies stopped writing business until the government gave them better controls over issues such as fraud. In 2004, Facility increased their rates by 53%! This caused many drivers to drive without insurance, or they were bumped into other high cost insurance companies. Throughout 2005 and 2006, thousands of drivers have continued to pay higher insurance rates than necessary. They can now find better rates from other insurance companies by going to InsuranceHotline.com.
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