September, 2012 – The Co-operators General Insurance Company has introduced another overall reduction in auto insurance premiums for its clients in Ontario. During 2012, the company has reduced its overall premiums for private passenger vehicles in the province by 9.9 percent.
On September 1, 2010, the Ontario government enacted a series of 41 changes to the provincial auto insurance system. The changes were aimed at addressing fraud and controlling insurance costs, particularly those relating to Statutory Accident Benefits (SABS). The Co-operators says the largest rate reductions it has introduced in Ontario have been related to Accident Benefits.
“As efforts to control claims costs produce results, we are very pleased to pass savings on to our clients,” said Kathy Bardswick, President and CEO of The Co-operators in a statement. “Drivers in Ontario have many options when it comes to insurance. It’s a good idea to check with your advisor to make sure you’re comfortable with your coverage options and deductibles, and that you’re getting any discounts you’re eligible for.”