Ontario Families Pay More For Insurance Due to Fraud and Cheaters | Toronto Centre Progressive Conservative Association

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Ontario Families Pay More For Insurance Due to Fraud and Cheaters News Today, Ontario PC Finance Critic, Norm Miller, said that the McGuinty Liberal changes to Ontario’s auto insurance system, which take effect today, will force Ontario families to pay more for less, as they fail to address the root causes behind skyrocketing premiums such as fraud and the high cost of claims in Ontario. Over 14 per cent of the auto insurance premiums for Ontario drivers – which are the highest in the country – goes to people who are cheating or gaming the auto insurance system. Auto insurance premiums are just one example of how Ontario families are paying more than families in other Canadian provinces. Ontario families are also forced to pay more for major expenses, such as tuition and hydro. The Ontario PC Caucus remains committed to defending Ontario families against those who try to cheat them out of their hard earned money. Miller further added that a Tim Hudak PC government will act immediately to reduce the cost of living burden on Ontario families and provide tax relief families deserve. Quotes “Dalton McGuinty had the chance to tackle the root causes of soaring insurance premiums by going after cheaters of the system. Instead, Ontario families will have to pay more to get less coverage.” –Norm Miller, Ontario PC Finance Critic, Parry Sound-Muskoka MPP “Owning a vehicle is not just a luxury, but a necessity for many Ontario families, especially those in northern and rural communities. Dalton McGuinty must close the loopholes now that allow cheaters to get big payouts for false claims and excessive injury assessments.” –Norm Miller, Ontario PC Finance Critic, Parry Sound-Muskoka MPP Quick Facts Average auto insurance premiums in Ontario are $1,450, compared to $1,080 in Alberta, $812 in Nova Scotia and $757 in Prince Edward Island (Source: Insurance Bureau of Canada data, based on February 2010). Fraud in the auto insurance system costs Ontario drivers $1.3 billion in premiums every year. This accounts for 14 per cent of the total premiums Ontario drivers pay annually (Source: Insurance Bureau of Canada). In 2009, the average cost per claim in Ontario was $53,000, an increase of more than 76% since 2005. It is significantly higher than other Canadian provinces, such as Alberta ($3,689), Nova Scotia ($5,904) and Prince Edward Island ($8,400) (Source: Insurance Bureau of Canada). More Ways to Get Involved


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