When it comes to auto insurance, everyone likes a discount! This is why we want to explain the Ontario Winter Tire Discount, as it is something you could benefit from this winter.
Driving in Ontario winters can be unnerving; winter tires were designed to make winter driving safer and they are proven to do so.To encourage Ontarians to practice safer winter driving, the Ontario Winter Tire Discount was introduced in January 2016. However, not everyone is aware of the reduction available and what exactly constitutes a winter tire, so we thought we would clarify everything for you. In an effort to inform our Ontario customers, we have outlined the major questions surrounding the winter tire discount for your reference.
What is the Ontario Winter Tire Discount?If you get four winter tires for your vehicle and provide your insurance broker with proof of this you are eligible for the Ontario Winter Tire discount. The actual discount varies depending on your insurance company, however, the savings will be between 2-5 percent according to the Ontario Ministry of Finance.
What classifies a Winter Tire?
Winter tires enhance safety by improving braking and handling snowy and icy road conditions. A winter or snow tire is something you put on in the fall and remove in the spring.Approved winter/snow tires will feature a logo of a snowflake on a peaked mountain. It is important to note that all-season tires do not qualify for the winter tire discount. However, some insurance companies will accept all-weather tires. When it comes to all-weather tires, some suggest that they don’t compare or perform as well as winter tires in extremely low temperatures.
How can you ensure you have an approved winter tire?If your tire has a peaked mountain with a snowflake symbol on the sidewall of the tire then it categorizes as a winter tire. According to Transport Canada tires that include the peaked mountain with a snowflake symbol meet particular snow traction requirements and therefore are eligible for the winter tire discount.
The best way to find out is to contact your insurance broker and check.Regardless of the discount, having winter tires on your vehicle in the snowy season makes sense and provides peace of mind. Putting safety first should be the prerogative and anything that makes driving in the winter season safer is a good thing in our opinion.
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