It’s true, other people’s claims affect how much you pay for your insurance. However, the whole principle behind insurance is “the contributions of the many pay for the losses of the few”. This concept was started hundreds of years ago when merchants needed to protect their ships and cargo from loss when they ventured out to sea. As a society, we benefit greatly from this because it protects us all from financial loss. The effect of insurance rates is not limited to Sault Ste. Marie either- it is on a global scale, with many of the large insurance companies paying for natural disasters occurring around the world.
Intact Insurance, one of the companies that we work with, has some insightful information about the issues such as weather and changing home designs that can affect a policyholder.