Question: I know that auto insurance companies are supposed to offer a winter tire discount in2016. When does that go in effect? How much discount can I get? I have to renew my insurance on December 28, 2015. Will the discount automatically apply on January 1, 2016? I have snow tires already, does that make any difference when I renew my policy?

Answer: Yes, there is a winter tire discount coming in the new year. On January 1, 2016, auto insurance companies in Ontario will be required to provide a winter tire discount to their customers who have winter tires on their cars. Unfortunately, the amount of the discount varies from company to company and will range between 2 to 5 percent. Another important thing to know is that the discount may not apply to the entire policy. It may only apply to a specific type of coverage on the policy. Therefore, it is important to call your insurance company and get all the relevant information.

Because you have to renew your policy on December 28, 2015, you will not receive the discount when you renew. Your policy will not automatically apply the discount on January 1, 2016. Therefore, you would have to wait until December 28, 2016 to receive the discount when you renew the policy. We understand that seems unfair and unreasonable since companies do make policy adjustments during the year, i.e., adding a driver or a car. Nevertheless, insurance companies will not be making adjustments relating to the winter tire discount unless the policy is renewed or purchased after January 1, 2016.

The only way that you will receive the winter tire discount on January 1, 2016 is if your auto insurance company already offers winter tire discounts. About 45% of insurance companies offer a winter tire discount. Therefore, if your company already offers one and you have winter tires, then you may continue to receive the discount already on your policy. The fact that you’ve had winter tires or the winter discount previously does not increase the discount come January 1, 2016.

Even if your insurance company already offers a winter tire discount, it may be a good idea to shop around. Because the discount varies from company to company, it may be best to talk to different companies to get the best rate. Even though the discount is not as much as we all had hoped for, it will still result in more money in your pocket. Moreover, the discount is really about promoting safety. As catastrophic injury lawyers, we see first-hand how serious Ontario car accidents can be in the winter. Winter tires are important for Ontario drivers because they can prevent catastrophic accidents. Drivers have better control of their vehicles when driving on icy or snowy road conditions.

About the Car Accident Lawyers at Bergeron Clifford (Offices in in Ottawa, Kingston &Whitby)

The catastrophic injury lawyers at Bergeron Clifford have helped many car accident victims across cities in Ontario, such as Ottawa, Kingston & Whitby. They have the experience and resources to help victims recover the maximum financial compensation they are entitled to. FREE consultations. 866-384-5886