Less Driving And Fewer Accidents Should Benefit Drivers, Not Just Insurance Companies
(A Note from Niagara At Large – In a report NAL is including directly below this NDP News Release, Canadian insurers are already planning to lower costs to drivers during the Coronavirus shutdown.)
A News Release from the Office of NDP Official Opposition Leader Andrea Horwath
Posted April 8th, 2020 on Niagara At Large
QUEEN’S PARK – The NDP Official Opposition is calling on the Ford government to give all Ontario drivers a 50 per cent break on auto insurance payments for three months, and let people who have lost a job or income defer payments during the COVID-19 pandemic.
“As Ontarians listen to public health experts and stay home as much as possible, there’s little driving and few accidents happening in the province,” said NDP Auto Insurance critic Tom Rakocevic.
“Drivers should get the benefit of that – not insurance companies. Drivers shouldn’t have to pay full-price auto insurance while they do their part to help prevent the spread of COVID-19.”
Andrea Horwath and the NDP believe the province should mandate a three-month 50 per cent discount to auto insurance, and ensure that drivers can defer their reduced payments until after the pandemic if they’ve lost income as a result of COVID-19.
“Ontario families are already feeling the financial squeeze during the COVID-19 pandemic, and they’re not getting enough direct support,” added Brampton East NDP MPP Gurratan Singh. “That’s why the NDP is calling on the government to help ease the burden by giving drivers a three-month discount on auto insurance, when cars are mostly parked anyway.”
Auto insurance prices have been rising steadily, despite promises from two consecutive governments to lower them.
A Note from Niagara At Large
Here is at least an abbreviated version of a report that the Reuters News Service posted this April 8th –
(Reuters) – Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members would lower costs for auto insurance to reflect reduced driving during the COVID-19 pandemic.
Its members, which make up 90% of Canada’s property and casualty insurance market, would lower auto insurance premiums for consumers whose driving habits have reduced “significantly”, the association said in a statement. (bit.ly/3e3blKV)
“Insurers understand that many drivers are no longer commuting or using their vehicle as regularly, which could result in savings,” said IBC Chief Executive Officer Don Forgeron.
The move could result in savings of up to $600 million to consumers and the reductions will continue for the next 90 days, the statement said.
To view the post of the Reuters report, click on – https://ca.reuters.com/article/businessNews/idCAKBN21Q220
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