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The change will allow insurance companies to provide auto insurance premium rebates to consumers for up to 12 months after the emergency has ended.
Auto insurance rebate ontario. The province has amended a regulation under the insurance act to help ease the financial pressure on working people and families during this public health crisis. For customers in ontario caa is offering a 10 rate reduction on new and renewing auto and home insurance policies. The canadian pressfrank gunn. Toronto the ontario government is enabling auto insurance companies to provide temporary insurance premium rebates to drivers during the covid 19 pandemic.
The ontario government through fsra approves ratingpricing of automobile insurance and as such it must intervene as the top 10 insurance companies that own the majority of the market share. Intact auto insurance rebate may 07 2020. Ontario allows auto insurance companies to provide rebates due to pandemic ontario is making a regulatory change that will more easily allow auto insurance companies to provide breaks to their. This reduction is valid for the duration of a 12 month policy term.
The ontario government has amended an insurance act regulation to allow insurance companies to provide auto insurance premium rebates 104 long term care homes battling covid 19 outbreaks in ontario. In addition caa is introducing a 100 auto insurance relief benefit for active ontario auto policies that were in effect prior to may 1 2020. Ontario allows auto insurance companies to provide rebates due to pandemic traffic on highway 401 in toronto passes under a covid 19 sign on monday april 6 2020. Ontario drivers can now get rebates on auto insurance after province changes rules by robert benzie queens park bureau chief thu april 16 2020 timer 2 min.
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