Drivers in Ontario are being given a chance to voice their opinion about auto insurance in the province.
Ontario auto insurance rates are on the rise. In mid-January, the Financial Services Commission of Ontario (FSCO) announced in their quarterly statement that car insurance rates for many Ontario drivers will be going up on average 3.35 per cent. It's not the first time that rates have risen in recent history either. Over the course of the last two years, Ontario auto insurance rates have increased every quarter except one.
It's a trend that the province likely assumed would continue, which may be why, ahead of FSCO's latest announcement, the province invited Ontario's almost 10 million drivers to share their views on how to lower auto insurance rates.
"Auto insurance rates in Ontario are among the highest in the country, and action is needed," said Vic Fedeli, Minister of Finance in a press release. "We want to hear directly from you on how to improve the system."