In Canada, a number of motor cycle policyholders – often with clean driving records – have seen premiums rise substantially in 2015, upwards of 20%. TD General Insurance and Certas Home Direct have led the hikes with increases of 18.41 – 21.06% and together they hold 70% market share.
Following the almost 20% price, the market has seen a lot of movement. As a result of the price hike, riders have packed up multiple policies, such as their home, cottage and business coverage, and are shopping for competitive options.
Click here to read full article. Source: Insurance Business Canada
