Ontario auto insurance rates decline by 0.18% in 2012 Q1

Ontario auto insurance rate filings approved during 2012 Q1 declined an average of 0.18%, based on the entire market. Rate filings for the Top 5 individual companies, ranked in order of market share, are: 1) State Farm Mutual Automobile Insurance Company Market share: 12.43% Rate Action: Flat (0.00%) 2) Aviva Insurance Company of Canada Market share: 4.65% Rate Action: -0.84% 3) Co-operators General Insurance Company Market share: 4.35% Rate Action (Effective New Business Date and Effective Renewal Business Date of Mar. 26, 2012): -1.94% Rate Action (Effective New Business Date and Effective Renewal Business Date of Apr.15, 2012): -4.46% 4) Wawanesa Mutual Insurance Company Market share: 4.27% Rate Action: Flat (0.00%) 5) Economical Mutual Insurance Company Market share: 3.70% Rate Action (Effective New Business Date and Effective Renewal Business Date of July 16, 2012): -0.82% Rate Action (Effective New Business Date and Effective Renewal Business Date of July 15, 2012): +2.2%