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Your postal code is a big factor in determining your car insurance rates. Critics say it shouldn’t be- Patty Winsa

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NEWS 05:50 AM by Patty Winsa Toronto Star

“When Pankaj Sallh and his family moved to Brampton from Mississauga last year, he had no idea that changing his postal code would be so costly.

The relocation resulted in a nearly 50 per cent increase in his car insurance with the same company, from $237 to $350 a month for two vehicles.

“To me, it’s unexplainable,” says Sallh. The 44-year-old engineer and his wife support two small children, as well as his parents and father-in-law. “Why should I pay more just because of the change of address?”

 

Read the whole article at the link below:

https://www.thespec.com/news-story/9215109-your-postal-code-is-a-big-factor-in-determining-your-car-insurance-rates-critics-say-it-shouldn-t-be/