Ontario is taking action to protect consumers and help them save money on auto insurance through its Auto Insurance Cost and Rate Reduction Strategy.
Within the next two years, Ontario is targeting an average 15 per cent auto insurance rate reduction -- with an average eight per cent reduction target by August 2014. The province will achieve these reductions by:
The government will take further action as required and all necessary steps to achieve the 15 per cent average rate reduction target.
These measures build on previous reforms that stabilized auto insurance rates and are part of the government's plan to ensure a fair and affordable auto insurance system for Ontario's nine million drivers and help people in their everyday lives.
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