Home
 
Choose Your City
Change City

Car insurers breaking credit rule: Watchdog

An association of Ontario insurance brokers has called for an investigation into whether auto insurers are discriminating against drivers with poor credit scores — a practice that is illegal in the province.

An association of Ontario insurance brokers has called for an investigation into whether auto insurers are discriminating against drivers with poor credit scores — a practice that is illegal in the province.

Randy Carroll, chief executive of the Insurance Brokers Association of Ontario, said consumers have complained to the association that their credit reports have been checked after they requested a price for auto insurance.

“Current regulation prohibits insurers from using credit information to rate and/or underwrite automobile insurance products in the province of Ontario,” said Carroll.

Caroll did not name the specific insurers.

 
 
Consider AlsoFurther Articles