Does the law of gravity apply to Ontario car insurance?
Talk to any of the 9 million drivers in Ontario about the cost of car insurance, and chances are you'll find the vast majority say they pay too much. And, it's not just drivers who think so. There are many out there who suggest Ontario drivers pay more for their auto insurance than drivers in any other province:
- The Fraser Institute says that, "Highest auto insurance rates in Canada found in Ontario, BC, Saskatchewan, and Manitoba."
- Insurance Bureau of Canada says, "The average Ontario premium is now more than 45% higher than Alberta's. It's about twice as high as the Maritime provinces."
- Groupement des assureurs automobiles puts it in a graph; no words are necessary. But the story it shows speaks volumes to Ontario drivers who are paying more than any of the other regions listed-British Columbia, Alberta, Saskatchewan, Manitoba and Quebec.
So great, everyone is in agreement; Ontario drivers pay a lot for their car insurance. Now what?
Enter the politicians at Queen's Park. Although there is much disagreement between the parties on how to best approach the issue, one thing is clear; it's all top of mind no matter which party you favour. The current Liberal government, the NDP and the PCs all know this is an issue that the drivers of Ontario (read: 9 million voters) want tackled.