The new Ontario government is proposing a strategy that would reduce auto insurance premiums by 15 per cent on average.
To achieve this reduction, the government will introduce legislation that would, if passed:
When fully implemented, this strategy would benefit over nine million drivers and would decrease overall premiums in Ontario by $1.5 billion a year, and reduce the average annual premium per insured vehicle by $225.
These changes build on the government's existing plan to reduce rates and crack down on fraud to help protect people and build a prosperous and fair Ontario.
Reducing auto insurance claim costs is part of the government’s plan to lower premiums for Ontario drivers. We will crack down on fraud, make roads safer and ensure people enjoy good benefits, security and proper care."
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