The average cost of an automobile claim increased last year by a significant total of 7.52%. This is what emerges from the annual data published by the Groupement des assureurs automobiles (GAA) of Quebec and compiled by the insurance comparator HelloSafe.
Posted at 11:45 a.m.
The total value of all losses recorded in the province over one year was valued at nearly $2.2 billion, an increase of 11.2%. Taking into account a moderate increase in number compared to the previous year (3.44%), these figures are rather eloquent.
A few variables explain this increase in costs. The price of parts rising steadily over the years as workshops have to deal with a dire labor shortage that pushes wages up. There is also the technology of the vehicles that we buy which is being refined, which multiplies the parts to be replaced following a collision.
This drives up insurance premiums. According to the data documented in the study, the average price in Quebec rose by 5.78% to reach $775 annually. It is in Nord-du-Québec that the average premium is the highest, at $1,217. On the other hand, it is obviously in Montreal that we have the most claims listed. The center and east of the island account for 11.87% of all claims recorded in 2021 in Quebec. In short, owning a car is gradually becoming less and less accessible.