Robert: Government eliminates auto insurance tax
The provincial government is eliminating the tax on auto insurance.
Premier Dwight Ball announced earlier that not only is the tax gone, but his government is also introducing new legislation on auto insurance.
This new legislation will see..
- an increase in the deductible from $2,500 to $5,000 for bodily injury claims
- an introduction of treatment protocols for common injuries as the primary payer
- no access to the Uninsured Automobile Fund for losses by uninsured motorists
- direct compensation for property damage
- requirement for insurance companies to notify the Registrar of Motor Vehicles of the cancellation or expiration of insurance policies
- changes to procedural rules for motor vehicle collision claims.
Proposed amendments will also provide a mandated insurance discount for winter tire usage, implementation of underwriting guidelines concerning the optional use of telematics, and changes to the rate setting process.