Driving in southern Ontario, particularly around the ever-busy GTA, can already be a bit of a nightmare at times. And it seems motorists in the province are about to start paying more for the privilege, as Ontario car insurance rates are set to jump in 2020. Rate changes which could see some prices jump up to 11% compared to last year have already been approved by the Financial Services Regulatory Authority of Ontario.

According to a notice by the Financial Services Regulatory Authority of Ontario, these approved rates will climb by 1.56% on average.*

However, the true cost looks likely to depends on what insurance company the customer is registered with. 

CBC Radio-Canada reports the FSRA has ratified increases for around 20 insurance companies across the province.

While many of those may see an increase of up to between 9% and 11%, others could be barely affected, per FSRA outlines. 

As always, some of the discrepancies in rate changes are based on factors like the make, model, and age of the insured vehicle, where the insured driver lives, the extent of their driving experience, and other variables.

CBC notes these increases appear to go against Doug Ford's government's promise to reduce costs for Ontario drivers. A promise was reportedly made for major auto insurance systems reforms back in April 2019.

At the time, CBC reported that the Ford government revealed a plan to reduce auto insurance rates, but didn't exactly specify by how much.

"When it comes to driving, it is clear that Ontario's auto insurance is broken, and drivers deserve better," said Finance Minister Vic Fedeli back in April 2019, per CBC.

Now, it appears those reductions are not happening. Quite the opposite, it seems.

Plans to slash auto rates have been "in the works" for several years in Ontario. Kathleen Wynne's Liberal government vowed to cut prices by 15% between 2013 and 2015, reports the Toronto Star. It never happened.

Meanwhile, the current PC government also proposed to give drivers plans to choose from and give them the freedom to chose how and what they want to be covered under insurance.

While they have managed to push through changes to the provincial pink slip system, the rest currently looks like falling through the cracks.

It is reported that Ontarians actually pay some of the highest car insurance premiums in the country, per the Insurance Bureau of Canada (IBC) 2016 data, via Lowest Rates.

But the rate goes up year by year, according to Canada Drives. That website's December 2019 data shows Ontario in the second spot for the price of auto insurance rates in 2019, just behind British Columbia.

According to the IBC, Ontario has an average cost of auto insurance which sits at around $1,505. 

Applying the round-number 10% figure to this sample price would see the cost rise by approximately $150 to around $1,650.

Meanwhile, the province with the lowest insurance costs is Quebec with an average of $717, according to the IBC.

Narcity has reached out to the Ministry of Finance, the FSRA, and the Insurance Bureau of Canada for more information.

*This article has been updated.

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