Ontario auto insurance premiums are highest in the country, Brampton residents most affected
If you’re a resident of Ontario, it is quite probable that you’re paying more auto insurance premiums for the same make and model of the car than someone outside of Ontario in Canada.
The province’s auditor general released a report on Wednesday that states that Ontario auto insurance premiums are the highest in the country. The average auto insurance premiums in the province increased by 14 percent between 2017 and 2021, to $1,642, the province’s auditor general said Wednesday.
Bonnie Lysyk, Ontario’s auditor general said in her annual report that Ontario has the highest private passenger auto insurance premiums in Canada, despite having one of the lowest rates of car crash injuries.
“Despite several reports providing recommendations over the past decade to improve Ontario’s private passenger automobile insurance framework and lower premium costs, the (regulator) and the Ministry of Finance have not sufficiently improved the framework to provide less costly private passenger automobile insurance to Ontarians,” Lysyk wrote.
Lysyk also found that auto insurance rates vary so widely in the province that the exact same person driving the same car would pay $1,200 a year in London, ON, but $3,350 per year in Brampton, ON.
The Auditor General suggested Ontario could follow British Columbia and Saskatchewan’s lead and implement a mandatory certification regime for vehicle repair businesses to protect against fraud.
A government-commissioned report in 2017 called Ontario’s auto insurance system “one of the least effective insurance systems in Canada,” and recommended several changes, including adopting a “care not cash” approach, exploring better ways to care for people who are catastrophically injured, and making lawyers’ contingency fees more transparent.