Winter Tire Discount Around the Corner
Starting January 1, 2016, the Ontario Ministry of Finance is requiring all provincial insurance companies to provide a discount for drivers who buy and install winter tires. Currently about 45% of insurers already offer some form of a winter tire discount. The rest of the insurers will determine the amount of the discount, and what documentation, if any, they require from drivers to verify their use of winter tires.
Drivers who install winter tires and whose policy renewal is after January 1, 2016, should call their insurance provider to inquire about a possible mid-term discount on their auto premium.
Winter tires enhance safety and reduce the likelihood of collisions by improving traction, braking, and handling in frost, snow, slush, and under cold and icy conditions. Winter tires in good condition can shorten braking distance by as much as 25%.