Skip to content

Liberal auto insurance promise rings hollow says MPP

The Liberals had promised to reach that target by August of this year – but today’s report from the Financial Services Commission of Ontario confirms rates have dropped less than 7 per cent.
2015 10 15 money

News Release: QUEEN’S PARK – After more than two years, the Wynne Liberals are still nowhere close to meeting their promise of rolling back car insurance rates by 15 per cent, Ontario PC Finance Critic Vic Fedeli said today.

The Liberals had promised to reach that target by August of this year – but today’s report from the Financial Services Commission of Ontario confirms rates have dropped less than 7 per cent.

“Rates are actually higher now than they were six months ago. This all started when the Liberals agreed to a 15% reduction in rates to buy off NDP support to pass their budget,” said Fedeli.

“This is a prime example from the long list of failures and broken promises from Kathleen Wynne,” Fedeli added. “The Government never intended to follow through. They had, and still have, no plan to achieve their targets. This was made clear when they announced a winter tire discount but couldn't tell drivers how much their rates might go down!"