NEWS
 
WATCH: NDP suggest car insurance rate reduction numbers skewed
MPP Jagmeet Singh says most reductions won't come into effect for months
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With the Liberal government patting themselves on the back for bringing down auto insurance rates by an average of over four per cent over six months, the NDP says things aren't quite what they seem to be.

MPP Jagmeet Singh says, in most cases, people aren't seeing this rate drop. He says demanding on when your insurance renewal date may be, some drivers will only start to save in the summer.

The Financial Services Commission of Ontario (FSCO) released the numbers yesterday, with the Liberal government claiming it's on track to a promised average eight per cent drop over a year.

This was part of a staggered approach to an NDP budget demand last spring to decrease rates by 15 per cent. The Liberals say that will happen over two years.

On if his party will keep this at the back of mind when supporting this year's minority Liberal budget, Singh says it will be a factor.

 

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5 0


With the Liberal government patting themselves on the back for bringing down auto insurance rates by an average of over four per cent over six months, the NDP says things aren't quite what they seem to be.

MPP Jagmeet Singh says, in most cases, people aren't seeing this rate drop. He says demanding on when your insurance renewal date may be, some drivers will only start to save in the summer.

The Financial Services Commission of Ontario (FSCO) released the numbers yesterday, with the Liberal government claiming it's on track to a promised average eight per cent drop over a year.

This was part of a staggered approach to an NDP budget demand last spring to decrease rates by 15 per cent. The Liberals say that will happen over two years.

On if his party will keep this at the back of mind when supporting this year's minority Liberal budget, Singh says it will be a factor.

 

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