Loading articles...

Car Insurance Rates To Climb

Car insurance rates are set to climb in the province as companies raise their premiums – but Premier Dalton McGuinty argues that the cost is still cheaper today than it was six years ago.

Millions of Ontario motorists could see the cost of driving increase dramatically, as much a 19 per cent in some cases.

Many insurers have increased their premiums and for some companies, it’s the second or third hike in about 12 months.

McGuinty countered that when compared to the cost of living, Ontario is a “pretty good place to be in as a driver …”

Opposition MPPs didn’t share that view Tuesday at Queen’s Park.

“We have the most expensive insurance, not just in Canada, but in North America,” Conservative MPP Norm Miller (Parry Sound-Muskoka) said.

“The premiums will go up and the benefits to the victims of auto insurance will go down. We deserve better,” NDP MPP France Gelinas (Nickel Belt) said.

Finance Minister Dwight Duncan is expected to announce changes to auto insurance policies as part of the government’s five-year review.

With files from The Canadian Press.