TORONTO - Millions of Ontario drivers may soon face double-digit premium hikes, but Premier Dalton McGuinty says insurance is lower today than it was when he was first elected six years ago.
He says when compared to the cost of living, it's a "pretty good place to be" for drivers in the province.
McGuinty says cost pressures have been mounting for insurers, some of whom have increased their premiums.
Finance Minister Dwight Duncan is expected to announce changes to auto insurance policies as part of the government's five-year review.
There are reports that insurers serving more than a quarter of the province's drivers are being allowed to raise rates a second or third time in about 12 months, which translates into increases averaging between 11 and 19 per cent.
NDP critic France Gelinas says it is a wrong time for a double-digit increase in auto insurance when many families are still struggling through the recession.