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Old 03-15-2010, 03:45 PM   #4
hockeyfan27
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Join Date: Jul 2009
Location: Durham Region
Posts: 943
Hi!

Points count for nothing in the insurance world. Our scale is: minor, major, serious, or criminal conviction.

Whether your rate will go up depends on your insurance companies rules. Some give you a conviction free discount (which you would loose with 1 minor conviction) others turn a blind eye until 2 or 3 minor convictions - then the surcharging begins!

Majors = instant surcharge. Even if it is the only conviction you have ever had. (ex:50+km/h over) and generally if you have a claim on your record, claim + major conviction (or 2 minors) = non-renewal. (for most standard markets, not the high risk companies)

On you renewal there is a 50/50 chance they will pull your record as it costs them $ to check. When signing a new policy it's 100% going to be checked.

And yes, rate increases were taken by almost all Canadian auto insurers this year.
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Last edited by hockeyfan27; 03-15-2010 at 03:48 PM.
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