here is a link to the FSCO website:

http://www.fsco.gov.on.ca/en/auto/rates/Pages/q4-2019.aspx

ON BACKGROUND: – in fact the FSRA quarterly update states that on average rates could go up to 1.56%,  in 2020 which means that these companies if they need to, have been approved to go as high as __. There is one company out of the 23 or so listed, that has been approved to go up to 11.05% if necessary.

 insurance companies can update policies on an annual renewal basis, and should receive notice if by chance their rates will increase.

Our Government is working to fix Ontario’s broken auto insurance system in order to lower costs, improve consumer choice, and increase competition in the auto insurance market.

Since April 2019, our Government has been working to implement our Putting Drivers First plan, actions taken include;

•         The launch of a new FSRA that protects consumers and makes Ontario a competitive place to do business.

•         Enabling electronic communications to save time and money for consumers and businesses.

•         Permitting electronic proof of auto insurance on mobile devices to give drivers more choice and convenience.

•         Our multi-year strategy will also make the claims process easier to navigate, introduce strong anti-fraud measures, and ensure those injured in accidents receive timely access to care.

•         We will continue to work with drivers and the insurance industry in order to ensure our auto insurance system is more affordable, accessible, and puts drivers first.