Friday, April 17, 2015

Ontario drivers overpaid $840M for auto insurance a year, study says

Premiums could drop an estimated 7.9% without hurting the insurance industry

CBC News Posted: Apr 10, 2015 12:19 PM ET Last Updated: Apr 10, 2015 8:39 PM ET

A study released Friday estimated Ontario auto premiums could drop by 7.9 per cent without hurting the insurance industry. 

Ontario consumers may have overpaid for auto insurance by $3 billion to $4 billion between 2001 and 2013.
In 2013 alone, they may have paid $840 million more than they should have to insure their vehicles, 

More/source: 
http://www.cbc.ca/news/business/ontario-drivers-overpaid-840m-for-auto-insurance-a-year-study-says-1.3028074
 

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