TORONTO - Ontario's Liberal government insists it can meet a two-year target to cut auto insurance rates even though they're behind schedule.
The government promised to bring the rates down by an average of 15 per cent across the province by August 2015, pledging to meet an eight-per-cent target in the first year.
Finance Minister Charles Sousa says with less than one year to go they have only seen a six-per-cent decrease.
But, he believes that with legislation the majority Liberal government will reintroduce that's aimed at reducing auto insurance rates, they can still meet their 15-per-cent target.
Newly released numbers show that rates in the third quarter of this year decreased on average by 0.11 per cent, based on approximately one-quarter of insurers, who had rates approved during that period.
That compares to an average increase of 0.22 per cent in the second quarter.
