Homeowners’ insurance rates have risen significantly across the country, including here at home.

According to Statistics Canada, from 2020 to 2025, Newfoundland and Labrador had the lowest increase across the country with a change of 19.9 per cent compared to 38 per cent on average.

The agency blames extreme weather events for the increase in insurance rates, saying home and mortgage insurance have outpaced all items in the Consumer Price Index.

They cite Hurricane Fiona as a factor in the rise in insurance rates, a storm that cost insurance companies some $800-million.

Meanwhile, auto premiums are some 23 per cent higher than what they were in 2019.

Bills at the auto mechanic have also spiked by some 22 per cent since 2019.