ST. JOHN’S, June 11, 2018 /CNW/ – Newfoundlanders and Labradorians pay too much for auto insurance. In fact, you pay the highest premiums in Atlantic Canada—on average 40% higher. It’s been 14 years since the last review—reforms must be made to bring back a sustainable system that works for drivers.
Newfoundland and Labrador needs:
- An auto insurance system that provides quick, medically sound rehabilitative care.
- More choices when it comes to where you buy auto insurance.
- An auto insurance industry that makes it affordable for uninsured drivers to get insured.
- Cost-control measures to stabilize the rising average cost of auto insurance claims.
The insurance industry can’t make these changes alone. We need to work together—industry, government, policyholders, and stakeholders—to unite and work together to do whatever is necessary to deliver the best system for our drivers.
It’s time to make the auto insurance system work for Newfoundlanders and Labradorians.
SOURCE Insurance Bureau of Canada
For further information: Steve Kee, Director, Media and Digital Communications, 416-362-2031 ext. 4387