Is there an insurance discount for winter tires?
Less than half of Ontario insurers provide a discount for winter tires. That’s set to change in January, but it’s up to your insurance company to decide how much you’ll save, says Ontario’s insurance regulator.
“It’s important that they made that discount announcement the day before they revealed that rates haven’t declined very much,” says Maia Bent, president of the Ontario Trial Lawyers Association (OTLA). “We certainly support the use of winter tires, but we are not optimistic this will put any more than a small amount of money in the hands of consumers.”