Your Car Insurance Could Go Down in Halton
It's no secret that owning a car can be expensive, especially in the GTA.
According to the popular online car insurance marketplace Kanetix.ca, as of 2017 the most expensive cities to insure a car in Ontario were Brampton where premiums fell around $2,268, Vaughan ($1,825), Mississauga ($1,788), Markham ($1,785), Richmond Hill ($1,709), Ajax ($1,519), Hamilton ($1,497), Pickering ($1,450), and Whitby ($1,399).
If you’re wondering where Halton falls on this scale, good news.
According to Kanetix.ca the estimated premium in Halton is on the lower side at $1066.
There are a few other places in Ontario where these numbers are lower. Tweed and Cobourg are the exact same as Halton, and Kingston is even lower at $1,016.
Good news though, these sky high prices may be coming to an end.
According to a recent NDP press release, on Oct. 15 NDP MPP Gurratan Singh introduced a bill that will end automobile insurance discrimination in the GTA, lowering prices for thousands of families in the GTA.
The new bill amends the Insurance Act to stop companies from charging people different insurance rates based on where they live within the region.
"Drivers in the Peel region and other parts of the GTA pay significantly higher auto insurance rates than others in the same region, for no good reason," Singh said in a recent press release.
"In the last year alone, my community of Brampton has seen premiums increase at a rate nearly five times higher than the provincial average, and the average Brampton driver's annual premiums are nearly $1,000 more than the average driver in much of Toronto."
Singh's bill will require the Superintendent of the Financial Services Commission of Ontario to refuse to approve risk classification systems that don't consider the GTA as a single geographic area, and prohibit insurers from entering into contracts with insurance rates based on such a risk classification system.
As stated in an NDP press release if passed, “This bill would end years of Liberal and Conservative government policies that have put the interests of private auto insurance companies before the people of Ontario.”
Do you think ending postal code rating for auto insurance is a good idea for the Halton Region?
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