Ontario Auto Reforms 2016

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With the Ontario Auto Reforms  effective June 1 it’s the right time to reassess your policy. Your insurance company will be sending you an update in the mail about the Ontario Auto Reforms, and we’re Ontario Auto Reform here to follow up with a conversation about your needs.  It kinda sorta looks like this!


Consumers should consider more than what’s offered in a standard insurance policy.

There are favourable options found with the Ontario Auto Reforms depending on your lifestyle. Consider updating your policy if:

* You’re a primary caregiver of young children, elderly parents or disabled family members
* You earn more than $30,000 a year
* You’re a snowbird
* You’re responsible for housekeeping or home maintenance
* You have a pre-existing injury that requires regular treatments like physiotherapy or massage
* Your auto insurance policy is your only form of coverage (i.e. you don’t have a group plan through an employer or spouse)

Ontario Auto Reform Video
Ontario Auto Reform Video


If you suffer catastrophic injury from a car accident (loss of limb, para/quadriplegic), standard Accident Benefits provide $1,000,000 for medical, rehabilitation and attendant care expenses. If your injury is less severe (broken bones, strains), available coverage is $65,000. These standard benefits were reduced by the Ontario government to help stabilize rates and provide more choice to consumers, but it’s likely people will feel the impact of these reductions. In today’s society, what’s the value of a million dollars when the average price of detached homes in Toronto has risen 16 percent to $1.2 million? How far does a million dollars go, spread over a lifetime?

The good news is there are Ontario Auto Reform options. To become more financially prepared you can increase, extend and purchase additional Accident Benefit Coverage  depending on what you need.   That could be increasing coverage, extending  it to cover minor injuries or adding benefits to cover unexpected cost. If you earn more than $30,000 a year, you can increase your income replacement coverage to $600, $800 or $1,000 (depending on your income).

Talk to us about what’s changed in your life this past year. How has your family’s life changed? Instead of focusing on price, start with what your needs are, then weigh them from a price perspective together with other expenses to decide what’s most important.  The Ontario Auto Reforms will have additional options you can select.

Know your Ontario Auto Reform options! And talk to us today about customizing your auto insurance. It could be the best decision you’ve ever made.

Rather than wait, contact Absolute Insurance Brokers to talk about various options you can customize your auto insurance.  Call toll free at 1-877-941-2266.

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