In Ontario, if a driver allows their license to lapse for more than 12 months, it may impact the premium charged by the insurers, according to regulatory agency FSRAO.
Canadians who move overseas for a period of time are finding their auto insurance rates have skyrocketed when they return home because insurance companies aren't factoring in their previous driving experience.Canadians who move overseas for a period of time are finding their auto insurance rates have skyrocketed when they return home because insurers aren't factoring in previous driving experience.
The industry needs to be better regulated, they said, so consumers don't have to spend time shopping around for the cheapest rate, considering that auto insurance is mandatory. Some were paying $6,000 a year for two vehicles up until a month ago, when they found a better rate after shopping around.Alberts said he had insurance paperwork showing a clean driving record in Saudi Arabia, but the companies did not take that, or his previous Canadian driving record, into consideration.
It didn't happen on the occasions she returned to live in British Columbia, which operates under a public system. For most of the deployments, she was in her 30s and 40s. She last returned in 2001, and said initially, she couldn't even find an insurer in Ontario who would take her on, calling it "infuriating."New driver's licence number can impact rate
"However, if a driver allows their licence to lapse for more than 12 months, it may impact the premium charged by the insurers," the agency said in a statement. Roberts said experience in the United States is generally taken into account, provided the person is able to get what's called a "letter of experience" detailing their driving history.As for someone's previous driving history within Canada, sometimes that isn't taken into account if the person receives a new driver's licence number when they return, the IBC said, because there is no driving history attached to that new number.
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