The Ontario car insurance discount for winter tires takes effect January 1, 2016.
Starting January 1, 2016 all Ontario car insurance companies must give Ontario drivers who change their tires seasonally a discount. How much the discount will save drivers will vary, however, it could be as much as five per cent.
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Many insurers already offer the winter tire discount
In an email statement to the Globe and Mail, Malon Edwards of the Financial Services Commission of Ontario (the folks who regulate the insurance industry in Ontario), said that about 45 per cent of Ontario auto insurer's already offer a winter tire discount.
As a result, drivers who swap out their all-season tires for winter wheels don't have to wait until next year to save. If you don't already benefit from a winter tire discount, there are many Ontario car insurance companies who currently offer the winter tire discount to policyholders.