Rating Territory Auto Insurance Ontario
A 4 00 which was released in march 2000.
Rating territory auto insurance ontario - Ontario auto insurance premiums vs. What follows are the changes approved from each of the last four quarters one year to help you keep an eye on the latest ontario auto insurance rate trends. There are some 100 insurance companies providing auto insurance in ontario with about 20 companies accounting for the majority of market share marshall wrote.
Removing the geographical rating variable would mean that individuals living in regions where their claims costs are less than half of the gta would have their insurance premiums increased by almost 500 per year to subsidize the cost of auto insurance for people living in high risk areas. Ontario s political parties have all expressed a desire at some point this year to eliminate territory as a rating factor for insurance premium but none of the parties have been clear about how. As a rating factor to determine auto insurance rates.
In ontario every insurance company must have rate changes approved by the financial services regulatory authority of ontario fsra and each quarter fsra publishes these rate changes.
