The province of Ontario will be making it easier for people to cover the cost of insurance while facing economic hardship during the pandemic.
The province of Ontario under Premier Doug Ford will be making it easier for people to cover the cost of car insurance while facing economic hardship during the pandemic. Auto insurance premium rebates will be available to customers for up to one year after the emergency has ended, according to the recent changes, according to Global News.
The provincial government is changing certain regulations with auto insurance companies. The NDP has asked the Ontario government to mandate a 50 percent discount on auto insurance for all drivers for the next three months. This won't go into effect just yet, according to the Finance Minister.
The provincial government won't be dictating exactly what percentage of rebate the auto insurance companies will provide, however Finance Minister Rod Phillips said he will be monitoring insurers' responses to the changes that have been made. Phillips said that the rebate must be, "commensurate with the scale of duress that Ontario families are under.”
Certain companies have already begun to do this, according to Phillips. Ontario is trying to make discounts as available as possible because so few people are driving with the new social distancing measures, one of which is to limit all non-essential travel.
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