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Insurance premiums for passenger vehicles increased by 6.2 per cent year over year in Canada, data show.

Friday afternoons in December tend to see the highest volume of collisions in Canada as drivers get reacquainted with snowy, slippery roads.

So it’s probably a bad time to mention that the latest data from Canada’s Consumer Price Index showed that insurance premiums for passenger vehicles increased by 6.2 per cent year over year.

The picture is even bleaker for Canada’s most populated province, Ontario, which saw a 7.8-per-cent jump. That means a 24-year-old male driver in Toronto paying around $400 a month could see their rate soar by $372 a year.

After an at-fault claim, that figure rises by an average 96 per cent.

With that much money at stake, we wanted to know h

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