Tag: Ontario Insurance

Auto insurance rates in Ontario to drop by 15%

Marc
Car insurance market

New legislation will cut the average cost of auto insurance coverage in Ontario, Canada A new law has been passed in Ontario, Canada, that may be good news for drivers throughout the province. The Ontario Legislature has approved a bill that will cut auto insurance rates by an average of 15%. The legislation is expected to go into effect in August 2015 and lawmakers believe that it will help mitigate insurance fraud, thereby lowering the financial pressure on insurance companies offering coverage in the province. Legislation aims to address issues…

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Auto insurance fraud to blame for high costs

Julie Campbell
Auto insurance fraud

According to the industry, it is the scammers and thieves that are to blame for consumers having to pay too much. Drivers in Ontario, Canada have been complaining about the high cost of auto insurance, and the industry in that province has now responded by confirming that these consumers are right, consumers are paying too much. However, the reason for these skyrocketing prices is that fraudsters are keeping costs high for the insurers. Massive investigations into the auto insurance rates in Ontario have been underway since the NDP (New Democratic…

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