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Auto insurance rates will drop one per cent this fall

TORONTO - Some Ontario drivers will be getting a break on auto insurance rates.

TORONTO - Some Ontario drivers will be getting a break on auto insurance rates.

The provincial regulator has approved rate changes today that will see them go down an average of one per cent.

The change is expected to take effect in September.

The rate change will affect motorists who are taking out new policies or renewing their current ones.

Rates will vary and will depend on where the consumer lives, the type of car they drive and other risk factors.

A spokesman for the Ministry of Finance says government reforms on auto insurance are stabilizing the market and driving down rates.

 
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