Ontario is moving forward with its plan to help lower auto insurance rates by requiring all insurance companies in the province to provide a discount for drivers who buy and install winter tires, starting January 1, 2016.
Winter tires enhance safety and reduce the likelihood of collisions by improving traction, braking and handling in frost, snow, slush and under cold and icy conditions. When buying winter tires, Ontario is also reminding drivers to:
- Look for tires marked with a logo of a peaked mountain with a snowflake
- Install winter tires in sets of four
- Do not mix tires with different tread patterns or size
- Change tires that are worn close to the tread-wear indicators
- Check the tires’ air pressure at least once a month
Over the last two years, the government has introduced a number of important and necessary reforms to Ontario’s auto insurance system to reduce costs and lower the premiums of Ontario’s more than 9.5 million drivers. In order to continue achieving rate reductions, the government outlined a series of further initiatives in the 2015 Budget, including bringing costs more in line with other provinces and providing Ontario consumers with more choice in purchasing auto insurance to suit their needs.
“Our government is committed to reducing insurance costs and lowering premiums after recently introducing important and necessary reforms to the auto insurance system. Auto insurance is dependent on individual drivers’ behaviour, and this winter season, drivers across Ontario will be able to save more on their auto insurance by installing winter tires. Consumers are also encouraged, as with any insurance product, to shop around for the best possible rate and package that meet their needs.”
– Charles Sousa, Minister of Finance
- Winter tires that are in good condition can shorten braking distances by as much as 25 per cent.
- Ontario’s accident benefits coverage is the most generous among provinces with private marketplace systems.
- Drivers with winter tires need to first contact their insurance company to determine the amount of the discount they offer and the documentation they require to verify use of winter tires.