Don’t Get Scammed
Buying Auto Insurance
How Some Scams Work
Tips to Avoid Being Scammed
Need More Information?
Financial Services Commission of Ontario
5160 Yonge Street, Box 85
Telephone: (416) 250-7250
TTY (416) 590-7108, 1-800-387-0584
FSCO website: www.fsco.gov.on.ca
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FSCO is an arm’s-length agency of the Ministry of Finance. In addition to
insurance, FSCO regulates pension plans, credit unions, caisses populaires,
mortgage brokers, loan and trust companies, and co-operatives.
FSCO works with consumers, industry stakeholders and investors to
enhance public confidence in, and access to, a fair and efficient financial
services industry in Ontario.
For more information on any of these sectors, visit our website at
www.fsco.gov.on.ca, or call our Contact Centre at: (416) 250-7250,
Toll-free: 1-800-668-0128, TTY toll-free: 1-800-387-0584.
Remember to visit FSCO’s website at www.fsco.gov.on.ca for more
■ applying for special access to money in locked-in retirement savings
■ automobile insurance,
■ other types of insurance products,
■ how to file a complaint against your insurance company,
■ FSCO’s dispute resolution services, and
■ important consumer tips.
©Queen’s Printer for Ontario, 2006.
personal information or driving history to get a lower rate. For example, he
or she will state that you belong to a group that qualifies for a discount or will
fail to tell the insurance company about your accidents or traffic violations.
You pay your premium directly to the insurance company and receive a proof
of insurance coverage.
■ The individual you are dealing with is not a licensed insurance agent or
broker. A licensed insurance agent or broker does not charge you fees — he
or she receives payment from the insurance company.
■ Your auto insuranc