Ontario car insurance rates based on postal codes ‘will end’, suggests Doug Ford

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Ontario Premier Doug Ford hinted Thursday that auto insurance rates based on postal codes “will end.”

Ford made the remarks at a press conference highlighting his government’s promised gas tax cut, which is expected to take effect on Friday.

The prime minister was asked why the government isn’t focusing more on high insurance rates, since gasoline prices could still rise overall in the coming months despite the temporary tax cut.

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Who pays the highest insurance premiums in Ontario and why?

“I will respectfully disagree with those who say that a 10 cent gas tax cut overall does not hurt or help the people of Ontario. It helps them in a massive, massive way,” Ford said.

“I know we are working on a plan for insurance companies,” he continued.

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“As far as I’m concerned, it’s totally unfair for people in Brampton or Scarborough to go after these people based on their postcode. It will end very quickly.

Ford said insurance companies must “treat people fairly in all areas.”

“Insurance companies are making tons of money and it’s coming out of the pockets of Ontarians. So we are going to be everywhere with them,” he said.

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Ontario Conservatives want ‘more options’ for auto insurance customers

In the Progressive Conservative budget released in April, which served as the party platform for the June election, the government said it intended to propose changes that would give consumers “more ‘options’ when purchasing car insurance.

But the proposal lacked specifics as to what exactly they had in mind.

“Ontario will take additional steps to create choice, crack down on fraud and strengthen fairness,” the document says in part.

New Democrats, meanwhile, said they want “zip code discrimination,” which sees residents paying fares based on where they live, to end.

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