New Indexed Auto Insurance Deductibles

Author(s): Leonard H. Kunka

August 11, 2015


The reforms to the automobile insurance legislation announced with the 2015 Ontario Budget have begun to be implemented by the government.

Ontario Regulation 664 requires all insurers to offer an insurance premium discount to policyholders using winter tires.  This applies to all policies and renewals after January 1, 2016.

Ontario Regulation 461/96 has been amended to increase the statutory deductibles and the statutory threshold figure above which the deductibles vanish. The amendment to the Regulation effective August 1, 2015, also requires these deductibles to be revised on January 1st each year, with the indexation percentage published under the Insurance Act (subsection 268.1) for that year. The following chart outlines the changes:

See Chart

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