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The Ontario Government is inviting drivers and consumers to share their views on how to lower the province's auto insurance rates.

"Auto insurance rates in Ontario are among the highest in the country, and action is needed," said Vic Fedeli, Minister of Finance. "We want to hear directly from you on how to improve the system."

Ontario also has the most kilometres of core roads per province in Canada.  Ontario's high volume of regional accidents, more substantial redress following an accident, and levels of insurance fraud are cited by insurancehunter.ca as reasons for higher rates charged by the insurance companies who pay out on claims.

Consumers and businesses are invited to share their views by visiting https://www.ontario.ca/form/survey-making-auto-insurance-more-accessible-and-affordable-ontario and by providing input no later than February 15, 2019.

The Putting Drivers First consultation will coincide with a review of Ontario's auto insurance rate regulation system, jointly conducted by the Ministry of Finance and the Financial Services Regulatory Authority of Ontario, as mentioned in the 2018 Ontario Economic Outlook and Fiscal Review.

The review will examine practices in other jurisdictions and identify opportunities to achieve greater efficiencies and introduce more competition in the system.

source: media release, Government of Ontario Newsroom; insurancehunter.ca


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