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New technology will help lower insurance rates: Province
Insurance companies look to monitor driver habits to determine rates
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More and more car insurance companies are testing out new technology to monitor your driving and the province is behind them.

While the Finance Minister still maintains Ontario can reduce car insurance rates in the province by its goal of an average of 15 per cent by next year, Charles Sousa says he believes this technology will help.

Sousa says good drivers whose rates were negatively affected by fraud in the system, will see their rates go down with this monitoring system.

But NDP leader Andrea Horwath - who was pushing for this rate reduction in the first place - is hesitant.

She says future statistics will show if these monitors actually help. She stresses there are systemic problems with the way insurance rates are calculated and rates will mainly be affected by broad policy changes.

Progressive Conservative leader Tim Hudak says he'd embrace anything that would keep auto insurance rates down.

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12 0

More and more car insurance companies are testing out new technology to monitor your driving and the province is behind them.

While the Finance Minister still maintains Ontario can reduce car insurance rates in the province by its goal of an average of 15 per cent by next year, Charles Sousa says he believes this technology will help.

Sousa says good drivers whose rates were negatively affected by fraud in the system, will see their rates go down with this monitoring system.

But NDP leader Andrea Horwath - who was pushing for this rate reduction in the first place - is hesitant.

She says future statistics will show if these monitors actually help. She stresses there are systemic problems with the way insurance rates are calculated and rates will mainly be affected by broad policy changes.

Progressive Conservative leader Tim Hudak says he'd embrace anything that would keep auto insurance rates down.

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