Auto insurance rates in Ontario rose slightly in the second quarter of this year, despite the Liberal government’s pledge to lower rates an average of 15% by next month.
The Financial Services Commission of Ontario, which regulates the province’s insurance sector, says rates for 26 companies representing 52% of the market increased an average of 0.6 in the second quarter.
Did your insurance rates increase? Have you noticed a 15% reduction? Or is this just another Liberal promise unfulfilled? Is it on the government or the companies?