Double Digit Price Hikes for TD General Insurance and Many other Customers
Just when you thought driving in ontario couldn’t get more expensive, here’s the McGuinty government!
Late last month (April 2010), Dalton McGuinty’s government approved double digit insurance premium rate hikes by insurance companies.
Of the culprits, TD General Insurance received approval for the biggest hike, an insane 27.3%. If your insurance is through TD”s subsidiary company TD Meloche Monnex or Primmum, your rates will go up by 10.84%
With the cutbacks to spending on transit by the same Liberal government, we Ontarians might as well stay home as we won’t be able to afford travelling to work or anywhere else for that matter!
This won’t just affect auto insurance, it will also affect home owners, tenants insurance all other insurance products.
Customers of other insurance companies will also see an increase.
Aviva - 14%
COSECO – 10.53%
Pilot – 18.5%
Primmum (TD Meloche Monex) - 10.84%
Scottish & York – 20.1%
Soverign General – 11.16%
These rate hikes will take effect starting September 1st, 2010.
You can review the approved rate increases at the Financial Services Commission of Ontario’s website.
http://www.fsco.gov.on.ca/english/insurance/auto/rates/q1-2010.asp
