Jenna Kardal experienced a shocking quote when transitioning to her own car insurance, emphasizing the rising costs of premiums. Initially quoted at a steep rate, she eventually secured coverage for her 2002 Nissan Maxima at a more reasonable price. However, car insurance premiums nationally have seen a significant increase of 36% over the past decade due to factors like inflation, advanced vehicle technology, and auto theft. Experts advise drivers to review their policies and driving habits to potentially reduce costs amid these rising expenses.
"Replacing a windshield is not just a windshield anymore," said Calgary-based Gemayel, CEO of Trufla, highlighting the rising costs of car repairs due to advanced technology in vehicles.
Statistics Canada noted that car insurance premiums have risen 36 percent from 2014 to 2024, driven by factors like increased auto theft and inflation.
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