On June 1, 2016, auto insurance coverage in Ontario was changed. As of June 2017, all Ontario drivers will have renewed their auto insurance and will be on the new coverage.
Your new auto insurance makes cuts to coverages and increases the difficulty in qualifying for certain coverage in the event of an accident.
Insurance coverage for motor vehicle accident victims has been steadily reduced in Ontario since 1990. Even since just 2010, we’ve seen a rapid decline.
In fact, a recent report found that Ontario’s auto insurance system is “one of the least effective” in Canada. According to NDP deputy leader Jagmeet Singh, “Every change has systematically cut the coverage that Ontarians receive and benefited not the people but insurance companies.” Read more in the Toronto Star.
Here is a quick breakdown of the auto insurance coverage we’ve lost since 2010:
If you didn’t purchase optional increases to your coverage when your auto insurance policy renewed between June 2016 and July 2017, your coverage will have been significantly cut back.
As a personal injury lawyer, I can confidently say that these reduced benefits are highly unlikely to be sufficient to cover your medical, rehabilitation, and attendant care costs if you are seriously injured in a motor vehicle accident.
What Can You Do?
I highly recommend purchasing additional coverage in your auto insurance policy. Do not rely on your auto insurance company to have your best interests at heart; TAKE STEPS TO PROTECT YOU AND YOUR FAMILY. It’s very affordable and can make a substantial difference in the event you are involved in a motor vehicle accident.
I’ve put together this infographic to showcase this issue. I encourage you to share it with other Ontario drivers:
Every Ontario driver needs to know about these recent cuts to their coverage and understand the value of the optional benefits available to them.
I also encourage readers to view these additional resources for more information about auto insurance in Ontario:
- “Optional Benefits Are Now Less “Optional” Than Ever” by the Ontario Trial Lawyers Association
- Information about changes to auto insurance from the Financial Services Commission of Ontario
- The Truth About Insurance informational website by the Ontario Trial Lawyers Association
Roger R. Foisy is an Ontario Personal Injury Lawyer with extensive experience in motor vehicle accident cases. If you or a loved one have been injured in a motor vehicle accident, please contact us for immediate support and a free consultation.
Watch my personal injury video series.
More on Motor Vehicle Accidents from Roger R. Foisy: