Ontario Liberals announced their Budget yesterday, there was a lot in it regarding auto insurance. Be careful what you read, not everyone should expect the ‘15%’ or any reduction at all. There are significant changes that need to be made to the system as a whole that do things such as regulate medical clinics, towing companies, and curbing fraud that need to be legislated to create certainty amongst insurers. You the consumer have many choices when it comes to your insurance needs, radical cuts like 15% sound nice, but if you no longer have a choice you’re stuck with ‘what you asked for’.
Talk to one of our experienced brokers, who represent many insurer choices to see if you are getting the best rate, and how you may be affected by the potential changes in the industry!