ONTARIO'S AUTO INSURANCE FILLED WITH PROBLEMS

Apr 18, 2017

By Christine Ross

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Ontario residents pay the highest car insurance rates in the country despite have one of the lowest levels of accidents and fatalities. These findings are in a government report that was quietly posted online last week. It found that Ontario has one of the least effective insurance systems in Canada. The N-D-P is accusing the Liberal government of trying to bury the report. David Marshall is Ontario’s adviser on auto insurance. He says the province’s system is filled with problems and that many of the premiums are going to lawyers instead of injured people. The province has made some changes to the system, including lowering the maximum interest rate an insurer can charge for monthly car premium payments, but is still only about half way to its promised goal of cutting premiums by 15 per cent. The government missed its self-imposed deadline of August 2015 to hit that target and Premier Kathleen Wynne has admitted that was a “stretch goal.”

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