Ontario NDP promises to lower auto insurance rates by 40 per cent if elected

Ontario NDP Leader Andrea Horwath promises to lower insurance rates by 40 per cent if elected next month.

The NDP say it would save drivers and average of $660 every year and in some communities, like Brampton, it says the savings will be upwards of $2,000.

Horwath says she will do it by ending postal code discrimination and ban auto insurance rate increases for 18 months while an expert commission investigates and recommends a new system, a public or partially public system, or major reforms to the private system.

“It’s been getting a lot harder for everyday families to afford everyday life. They just want to get back on solid ground again, and we can help them do that by making auto insurance more affordable,” said Horwath. “Let’s stop paying more for auto insurance just because of where we live,” said Horwath in a statement. “The auto insurance system is broken, and together we can fix it — and put $660 a year in people’s pockets.”

Ontarians pay among the highest auto insurance rates in Canada, despite having some of the lowest accident rates. Enough is enough.

Auto insurance is broken. Together we’ll fix it. No gimmicks. No stretch goals. Just a concrete plan to save drivers 40%. #StrongReadyNDP #ONpoli pic.twitter.com/CMGgZgnmxi

— Andrea Horwath (@AndreaHorwath) May 11, 2022

Horwath says the party’s plan for auto will also examine Quebec’s public and private hybrid system.