Ontario Auto Reform Details

Ontario Auto Insurance Reform Details

With government regulatory changes, effective June 1, 2016, if you are buying a new policy or renewing an existing one, you have the following options with respect to Statutory Accident Benefits:


Most Significant Changes


* Medical, Rehabilitation, and attendant care benefits for minor injuries  are fixed at a max limit of $3,500


Other Optional Benefits


What else is new?

Other Key Changes Include:

Minor Accident

Insurers can no longer use a minor at-fault accident that occurs on or after June 1, 2016 meeting certain criteria to increase your premiums.  The criteria include that no payment has been made by any insurer, that there are no injuries, and that damages to each car and property were less than $2,000 per car and were paid by the at-fault driver. This provision is limited to one minor accident every three years.

Interest Rate for Monthly Payment Plans  

The maximum interest rate that insurers can charge if you make monthly premium payments has been lowered from 3% to 1.3% for one year policies, with corresponding reductions for shorter terms.

Comprehensive Deductible

The standard deductible for Comprehensive coverage has been increased from $300 to $500.

Non-Earner benefit

The six-month waiting period for people who are not working to receive benefits has been reduced to four weeks. Conversely, benefits can now only be received for up to two years after the accident.

Duration of Medical, Rehabilitation and Attendant Care benefits

For all claimants except children, the amount of time that you can receive this standard benefit is now five years for non-catastrophic injuries, and it will be paid only as long as you remain medically eligible.