The stated aim of
the deductible is to eliminate “nuisance” cases from the system.
But that is achieved by the threshold. The deductible is just another
way to line the pockets of auto insurance companies. If the Ontario
government sees the need to tie the deductible to inflation,why
are no-fault accident benefits not tied to inflation?.......
Last week, an updated study from York University School of Business Professors Fred Lazar and Eli Prisman was released that reveals consumers likely overpaid $1.5 billion in the last two years for auto insurance. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million ($120 per policy) in 2013.....
Last week, an updated study from York University School of Business Professors Fred Lazar and Eli Prisman was released that reveals consumers likely overpaid $1.5 billion in the last two years for auto insurance. This includes overpayments of $700 million (or about $100 for each insurance policy) in 2014 on top of the $840 million ($120 per policy) in 2013.....
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