Changes to Ontario Auto Insurance Give You More Choice
On June 1, 2016, changes to auto insurance in Ontario will give you more choice and control over your insurance and premiums.
Statutory accident benefits1 are changing and new optional accident benefit choices will be made available to allow you to customize your policy to suit your individual needs.
The changes will give you greater influence over the price you pay for insurance. The cost of your policy will vary based on the coverage you purchase.
The reforms and new choices take effect June 1, 2016.
Your policy won't change until it is time for it to be renewed. When you receive your renewal documents you will also be provided with more information on the changes and your new options. This will help you make an informed decision.
After June 1, 2016, you can choose to make changes to your existing policy to take advantage of the new levels and options, without having to wait for it to come up for renewal.
Financial Services Commission of Ontario
Telephone (416) 250-7250
1Statutory accident benefits are benefits you are entitled to receive if you are injured in an auto accident, regardless of who was at fault. Many of the new reforms affect these benefits.