Ontario Auto Insurance Rates Drop Up to 8% Jan 19th

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Ontario Auto Insurance Rates Drop Up to 8%
Canadian commuters may be in the throes of the winter driving blues, but Ontarians have fresh reason to smile: auto insurance rates have been cut again, with discounts of up to 8 per cent available from providers across the province.
The Financial Services Commission of Ontario reports auto insurance premiums dropped an average of 1.5 per cent in Q4 2015, compared to a decrease of 0.5 per cent in the third quarter.
Drivers may receive a quote higher or lower than the average, based on the following:

The type of vehicle
Location
Accident history
Driving experience
Whether the vehicle is used for commuting or pleasure
Any optional coverage or deductible already in force

Click here to find the lowest auto insurance quotes in Canada>
Why a Rate Reduction?
There are a few factors prompting the price break from insurers. New regulations that require insurers to offer a rebate for drivers who use winter tires (effective for new and renewed policies as of January 1, 2016) were approved in the third and fourth quarters of 2015…

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