How does a “No-Fault” insurance system affect my insurance rates?
• A “No-Fault” insurance system does not have any effect on your rates. In the event of a car accident, “fault” – whether partially or fully – is always allocated to one or more of the drivers involved in the accident. • Insurance companies use the “Fault Determination Rules”, which are set out in a regulation under the Insurance Act, to assign percentage of fault for each of the involved drivers. • The “Fault Determination Rules” were created to allow insurance companies to deal with accident claims quickly, consistently, and economically.
