Mr. Trudeau: Please stop Ontario Auto Insurance from price gouging
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In Ontario, automobile owners pay an hefty amount of insurance which in some cases exceed the cost of the vehicle in a year. So having owned a vehicle for 4 years, one has paid about 4 times the value of the car. However upon an accident, the owner can claim only the cost of the vehicle that is about one year of the insurance paid. As a result, the insurance companies are raking profit like there is no tomorrow.
The above is putting too many families who are already under financial strain due to taxation and inflation causing hardship and less family time as every one has to work more than one ob to have both ends meet.
The auto insurance should taken over by the government like some of the other provinces which offer far better and affordable rates.
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