1+ day, 14+ hour ago (749+ words) Canadian drivers are experiencing significant car insurance renewal increases, with some facing premium jumps of over $750 annually. Understanding why your insurance premium rises at renewal time and implementing proactive strategies can help you avoid these costly surprises and maintain affordable coverage. Common reasons your car insurance premium increases at renewal Driving record changes that impact your rates Your driving history remains the most significant factor affecting insurance rates. Even a single at-fault accident can increase your premium, while traffic violations eliminate valuable accident-free driving discounts. Insurance companies continuously monitor your driving record, and any new incidents since your last renewal will likely be reflected in your updated premium. Recent data from the Insurance Bureau of Canada shows that insurers are seeing auto insurance claims costs rise faster than general inflation rates. This trend directly impacts renewal pricing, as companies adjust…...