Grid Statistics

The Grid was introduced in 2004 to act as a premium capping mechanism for private passenger vehicles. It establishes the maximum premiums that insurance companies can charge for basic coverage (third party liability and accident benefits) for any driving record. In addition, the Grid is designed to provide access to insurance coverage at predictable premiums and primarily for the benefit of newly-licensed drivers and drivers with a safe driving record.

Risk Sharing Pools (RSPs) were developed by Government as a separate mechanism to protect insurers who were required to write risks they deemed inadequately priced as a result of the implementation of the “All Comers Rule”. All licensed automobile insurers are required to participate in these RSPs; Grid and Non-Grid. The Grid RSP is available for insurers to cede those risks that have been assigned a Grid premium. Risks that do not meet their underwriting criteria have the option to cede those risks to the Non-Grid RSP

The charts below indicate:

  • the percentage of vehicles that are written at the Grid premium

  • the percentage of vehicles that have been ceded to the Grid RSP and Non-Grid RSP.

Percent of Vehicles Grid-Rated and in Grid Pool

Percent of Vehicles in Non-Grid Pool