Have You Taken Advantage of Falling Auto Insurance Rates? Now Is The Perfect Time To Get An Insurance Quote
Auto Insurance Rates in Ontario Have Fallen Approximately 6% Since 2013 – Ontario Ministry of Finance
If you are like most consumers in Ontario you think that auto insurance rates in the province are too high. We Agree! Did you know that rates in the province are falling? What are you doing to lower you rates? Are you taking advantage of the falling auto insurance rates?
What You Need To Know About The Falling Insurance Rates in Ontario
Here is what Ontario drivers need to know about the state ofauto insuranceand rate reductions in the province:
The provincial government released itsAuto insurance Cost and Rate Reduction Planin August 2013
A target of 8% decrease in auto insurance rates by August 2014
A target of 15% decrease in auto insurance rates by August 2015
Drivers will see a reduction in rates when they renew their policy – the reduction is not automatic
Not every driver will experience a rate decrease – reduction of auto insurance rates will be offered to drivers with good driving records, among other factors
Some drivers will experience larger rate reductions and other will experience smaller rate reductions
Why Is Now A Great Time To Shop For Auto Insurance Rates
“Insurance companies are cutting rates and offering discounts to good, responsible drivers. That’s the direction we want rates to go,” said Ralph Palumbo, Vice-President (Ontario) at the Insurance Bureau of Canada.
Now is the perfect time to get a quote for auto insurance in Ontario. With the government plan in effect and auto insurance rates getting better, and with insurance companies cutting their car insurance rates, right now is an ideal time for drivers to shop for auto insurance to experience even more cost savings.
When was the last time you got a quote? If you are not sure, then you could be spending more for auto insurance than you need to. Don’t be passive and wait for your policy to be renewed to get the rate reduction based on the provincial governments plan. Remember that you will not automatically save on your rates. Saving from the government plan is based on your driving record, your insurer and other factors. This is why you need to be proactive and get a quote to compare your auto insurance options before renewing your policy.