Auto insurance rates rise in

Ontario auto Insurance rates


Car Insurance in Ontario: What’s Happening with Rates? BREAKING: Auto insurance rates increase in Ontario.

In Ontario, every insurance company must have changes to their auto insurance rates approved by the Financial Services Commission of Ontario (FSCO) and each quarter, FSCO publishes these rate changes. The latest rate changes have been released.

FSCO reports that in the third quarter of 2016, approved rates increased on average 1.50 per cent; some rates increased as much as 12.03 per cent while others decreased 5.37 per cent.

“An individual policyholder may experience a rate change that is either higher or lower than the industry-wide average rate change, or the average rate change for a particular insurer, depending on several factors, ” says FSCO in its quarterly report. These factors may include: the vehicle, where the driver lives, driving and insurance history, as well as coverage options chosen, to name a few.

Last quarter, auto insurance rates also increased, on average, 0.33 per cent.

Shop around for the best price and best coverage

FSCO encourages consumers to shop around for their Ontario car insurance coverage, especially now that the auto insurance reforms are in place. The reforms require that Ontario drivers make some important decisions about their auto insurance at renewal to make sure it will meet their needs.

Of concern to FSCO however is the result of a survey that found when it came time to renew, more than half of Ontario drivers simply paid the new renewed premium without question, or took no action, making their renewal automatic. With the June 1, 2016 auto insurance reforms, FSCO would like to see this change and are encouraging all Ontario drivers to:

  • Read up on the reforms.
  • Compare their new policy to their previous policy.
  • Discuss options with their insurance representative and ask questions.
  • Shop around to get the best policy that meets their needs at the best price.


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FAQ


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Current balance and available balance? | Yahoo Answers

I just checked my checking account and I found that there's 350 dollars in the current balance and none available so I transfered some money from my saving to checking..still..it's added up on current balance but none available..I don't understand..


You may want to switch to a local bank with ATMs around you to make it easier in the future, or an internet bank. I like ING direct. Also, TD Bank will reimburse ATM fees for any bank's ATM. They are pretty good.

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Where can I deposit money in my account if there is no chase bank around me? | Yahoo Answers

My account is at -$60 I have $150 that I can deposit but I cant find a chase bank around me because I went 5 hours away from home for college. How can I get this money into my account is there any other way??


You may want to switch to a local bank with ATMs around you to make it easier in the future, or an internet bank. I like ING direct. Also, TD Bank will reimburse ATM fees for any bank's ATM. They are pretty good.




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