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How might car sharing insurance be changed?

Ontario’s government is considering applying changes to insurance relating to vehicle subscription services. Currently, services like Zipcar and Car2go allow their members to hop into cars parked throughout the province, drive and pay by account based on how much time they use the car. Typically, the insurance is included in some way as part of the service.

Tom MacMillan, as associate with Toronto-based Rogers Partners LLP predicts the changes would be that the coverage wouldn’t be through the subscription service itself but be member-independent. Although this would be labour-intensive for the insurer, being able to target drivers that wouldn’t meet the more stringent conditions of the policies would make it worthwhile.

At a recent stakeholder consultation, this was not on the list of priority items which means it’s not on the radar for the government until 2020 or beyond.

Source: https://www.canadianunderwriter.ca/insurance/how-might-car-sharing-insurance-be-changed-1004165995/