In recent years, high claims costs have led to rising automobile (auto) insurance premiums for consumers, as measured by the passenger vehicle insurance premiums Consumer Price Index. Premiums increased most notably in 2019 and 2024 compared to the previous 10 years, reaching a peak of 9.6% year over year in July and September 2024. Premiums trended downward during much of the COVID-19 pandemic; however, despite many consumers driving less, parking and not using their vehicles, and receiving rebates during this period, auto insurance premiums as of December 2024 were higher than pre-pandemic levels in most provinces. Ontario and Alberta had the highest auto insurance premiums in Canada.
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