Auto insurance rates are set to be cut in Canada, and perhaps other countries following the government’s lead. However rates won’t be lower for all drivers.
Only about a quarter of Ontario motorists are in line so far to see their insurance premiums cut by the 10 per cent that the Liberals promised in the last election. Another quarter will see smaller cuts in what they are paying – or would otherwise have paid – as a result of rate changes at 31 companies announced yesterday by the industry regulator, the Financial Services Commission of Ontario. » Read more: Auto Insurance Cuts in Canada