Ontario Newsroom

Auto Insurance Rates Stabilizing in Ontario

Archived News Release

Auto Insurance Rates Stabilizing in Ontario

McGuinty Government Auto Insurance Reforms Helping Ontario Drivers

Ministry of Finance

Ontario released figures that show average auto insurance rates decreased by almost 0.1 per cent, on average, in the third quarter of 2010.  This marks the second consecutive quarterly reduction.

Ontario's auto insurance reforms took effect on September 1, 2010.  These changes are meant to stabilize the costs on claims by reducing excess assessment and transaction costs.  This will ensure more accident benefit dollars go to treating victims and keep auto insurance accessible and affordable for Ontario families.

Quick Facts

  • Average auto insurance rates decreased by a little more than one per cent, on average, in the second quarter of 2010.
  • Under the McGuinty government, auto insurance rates are up less than five per cent since 2003. This is lower than the inflation rate for the same period of 12.5 per cent.

Additional Resources


“One of the goals of our government's auto insurance reforms was to promote greater auto insurance price stability for Ontario drivers. While we anticipate this could take some time, recent rate stabilization indicates the plan is beginning to work.”

Dwight Duncan

Minister of Finance

Media Contacts



Business and Economy Driving and Roads Government Home and Community Jobs and Employment Law and Safety Taxes and Benefits Aboriginal People Children and Youth Consumers Francophones Newcomers People with Disabilities Seniors Women