Ontario drivers are looking at rebates for their car insurance.
The provincial government cleared the way for insurance companies to give drivers a rebate on premiums during COVID 19.
The province has amended a regulation under the Insurance Act to help ease financial pressures. This will allow the insurance companies to give drivers rebates on their premiums for up to 12 months after the declared emergency has ended.
“We are in an unprecedented time and people are experiencing extraordinary financial pressures,” said Rod Phillips, Minister of Finance. “My message to insurance companies has been clear: they should provide relief that reflects the financial hardships their dedicated customers are facing due to the COVID-19 outbreak.”
“All of us will remember how companies treat us during these unprecedented times. I often remind business leaders that their customers from the past five years are likely to be their customers for the next five years,” said Phillips. “Insurance companies indicated that the regulation preventing rebates was a barrier to providing relief to their customers. That barrier has now been removed so auto insurance companies can step up and do the right thing for the people and families of Ontario.”
