Auto Insurance News Ontario

This report by the canadian press was first published april 16 2020. Some could apparently see an increase of up to 11.

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The ontario government is amending a regulation under the insurance act to allow auto insurers to give premium rebates to policyholders for up to 12 months following the end of the emergency.

Auto insurance news ontario. The ndp has called on the ontario government to mandate a three month 50 per cent discount on auto insurance. Ontario finance minister rod phillips said thursday he wants to see insurance companies giving drivers breaks on their premiums that reflect the devastating impact of the covid 19 pandemic. Thornhill on april 9 2020 cnw caa insurance announced today that it will be offering a 10 per cent rate reduction for new and renewing home andor auto insurance policy holders.

The province has amended a regulation under the insurance act to help ease the financial pressure on working people and families during this public health crisis. Toronto the ontario government is enabling auto insurance companies to provide temporary insurance premium rebates to drivers during the covid 19 pandemic. Ontario is making a regulatory change that will more easily allow auto insurance companies to provide breaks to their customers because of the covid 19 pandemic.

Ontario auto insurance rates drop by less than 1 rates have decreased on average by around eight per cent since 2013 when the liberal government promised to cut rates by an average of 15 per. Ontario finance minister rod phillips says he wants to see insurance companies giving drivers breaks on their premiums that reflect the devastating impact of the covid 19 pandemic. Ontario minister of finance rod phillips told reporters on thursday that he had spoken recently with representatives of the auto insurance industry to convey the message that the.

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