Home Breadcrumb caret News Breadcrumb caret Industry Ontario auto rates on the increase Ontario auto rates are on the rise, according to data posted by the Financial Services Commission of Ontario (FSCO), the provincial insurance regulator. Rate applications approved for 2008 Q1 averaged +1.05% based on the entire market, FSCO noted in an online bulletin. Rate changes approved in 2004,2005,2006 and 2007 were -10.60%, -2.43%, -1.27% and +0.55%, […] By Canadian Underwriter | April 30, 2008 | Last updated on October 1, 2024 1 min read Plus Icon Image Ontario auto rates are on the rise, according to data posted by the Financial Services Commission of Ontario (FSCO), the provincial insurance regulator. Rate applications approved for 2008 Q1 averaged +1.05% based on the entire market, FSCO noted in an online bulletin. Rate changes approved in 2004,2005,2006 and 2007 were -10.60%, -2.43%, -1.27% and +0.55%, respectively, for the entire market. In 2008 Q1, for the 43.37% of the market that had rate changes approved, the average rate change was +2.42% when weighted by market share. Among the companies in Ontario with a market share of 1% or greater, here are the approved rate changes shown for each insurance company: Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
