Ontario Government Publishes Questions and Answers about Auto Insurance Rates, and Tips for Buying Car Insurance

December 2, Ontario — With recently introduced legislation to temporarily freeze auto insurance rates, the Ontario Government has published two documents to help consumers better understand what is happening and why.

“Auto Insurance Rates: Questions and Answers” provides answers to such questions as:

  • Will auto insurance rates be reduced? If so, by how much?
  • I received my renewal and my premiums have not been frozen or reduced.
  • My insurance company has sent me my new premium. It has increased. Can I deduct 10% from my premium or continue to pay what I used to pay?
  • Does the Bill apply just to private passenger automobiles?

At the Financial Services Commission of Ontario web site at http://www.fsco.gov.on.ca/ clcik on “What’s New” in Upper Right

“Tips for Buying Car Insurance” is a general brochure, posted on the web as a pdf (42 pages), contains information on such topics as:

  • Car Insurance � It’s the Law!
  • Insurance Coverage You Must Have
  • Extra Coverage You Can Buy � Accident Benefits
  • Where Can I Buy Car Insurance?
  • High-Risk Drivers and the Facility Association
  • What is �No-Fault� Insurance?
  • Tips for Young Drivers
  • Tips for All Drivers (How to Get the Best Value)
  • Buying Motorcycle Insurance

The document is describes auto insurance in Ontario. Some of the general comments and advice could apply to those buying auto insurance in other provinces, but an equivalent document for your province would be more directly applicable.