Paying TOO MUCH for Auto Insurance
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I understand that the Manitoba's auto insurance company had a pool of 150 million saved and is refunding it to its customers. While in New Brunswick auto insurance companies have been accused of drastically over charging consumers for the pas 6 years. The sum that the public insurance board is refunding to consumers is similar to the amount of profit the private corporations enjoy, and of course never return. I question the Frasier Institute's numbers, logic and integrity.
natechomnicorp 10 months ago
I believe in the free market determining these things, so I support private insurance. Government is a business like any other, but one that rarely gets held accountable. When you have a monopoly, everyone pays more because of a lack of innovative ideas.
I also think that if consumers know they'll get lower rates for being a lower risk to the insurer, they have incentive to drive more safely.
KidA0101 3 years ago