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Ontario drivers see average of $150 savings on insurance; minister says more should be done
COVID-19 pandemic, but the province’s finance minister says more should be done.The regulatory body says about 70 per cent of policy holders are receiving some form of relief, with an average savings of $150.The Financial Services Regulatory Authority says the $685 million in relief amounts to about five per cent of the total annual premiums Ontario drivers pay.Finance Minister Rod Phillips says 10 out of the 14 major insurance companies have provided rebates to customers.