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Monday, November 26, 2012

Provincial NDP Say Time Has Come For Public Auto Insurance

Now that it has been revealed drivers in the province have been overcharged for their auto insurance to the tune of 71 million dollars, provincial NDP leader Dominic Cardy says it's time to revisit the 2004 report given to then Premier Bernard Lord on moving to the public system. 

Cardy tells CHSJ News average annual premiums would drop by 20 per cent to just under a thousand dollars and the province would make a couple of million dollars profit each year and the province would make a couple of million dollars profit each year.

Cardy argues public auto systems don't discriminate based on age or gender but set rates according to your driving record.

He charges both the Liberals and Conservatives depend on campaign contributions from the insurance industry and, as such, don't want to rock the boat.