ONTARIO AUTO INSURANCE COST HEADS UPWARD

Apr 13, 2018

By Michael Kramer

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Auto insurance rates in Ontario increased in the first quarter of 2018 – putting the Liberal government further away from its promise to cut rates by 15 per cent.

The numbers released by the Financial Services Commission of Ontario show an average increase of just over two percent – compared to the end of 2017.

The Tories slammed the rate increase, saying the government has broken its promise.

 
You may recall that back in 2013 – the government promised an average decrease of 15 percent by August of 2015. But when that self-imposed deadline passed, Premier Kathleen Wynne admitted it had been what she called a ”stretch goal.”
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