A damning report on Ontario’s auto insurance system has found that the province has the lowest number of accidents on its roads but drivers pay the highest premiums in the country.
There are about 60,000 collisions on the provinces roads each year, yet drivers pay $10 billion in insurance premiums annually, concluded David Marshall — the former head of the Workplace Safety Insurance Board — who was appointed by the Liberal government to review the auto insurance system.
“Overall, Ontario has one of the lowest levels of auto accidents and fatalities in Canada and the most expensive auto insurance premiums,” Marshall said in his report to the government. “Historically, periods of cost reduction have inevitably been followed by cost increases.”
His report, Fair Benefits Fairly Delivered: A Review of the Auto Insurance System in Ontario, was released quietly by the government this week.