If you are not redirected within 30 seconds, please click here to continue.
Samedi: 10h – 16h HAE
If you are not redirected within 30 seconds, please click here to continue.
If you are not redirected within 30 seconds, please click here to continue.
We are now transferring you to LowestRates.ca to complete your quote.
Economical Extends Its Temporary Car Insurance Rate Discount in Ontario
Table of Contents
Economical Insurance is extending its COVID-19 temporary rate discount for its private-passenger car insurance customers.
The temporary rate decrease will be applied to all new policies written until June 30, 2021, and to policies renewing until August 31, 2021. This discount will be applied until the end of the policy term and will then revert to previously approved rates. The overall rate decrease is 5%, the insurer says.
Economical continues to offer relief measures for personal insurance customers in Ontario on a case-by-case basis, including:
- Adjustments to auto policies to reflect different types of use. For example, customers who are driving less or not currently driving can temporarily reduce or suspend driving coverage.
- Payment deferrals and waiving the first non-sufficient funds (NSF) fee for missed payments due to the pandemic.
Economical’s car insurance customers in Ontario will receive a letter informing them of the discount. If you have additional questions, contact your broker or the insurer directly.
You can also take advantage of RATESDOTCA’S COVID-19 Rebate/Reduced Premium Calculator to see what other insurers are offering their customers during the pandemic.
RATESDOTCA Team,
The RATESDOTCA editorial team are experienced writers focused on sharing stories and bringing you the latest news in insurance and personal finance. Our goal is to provide Canadians with the information and resources they need to make better insurance and financial decisions.
Latest News Articles
Ongoing rounds of tariffs may continue to strain homeowner's pockets - especially when it comes to home and auto insurance.
The Bank of Canada has cut its key interest rate by 25 basis points, lowering it to 2.75%, as it navigates ongoing trade tensions.
The Bank of Canada has cut its key interest rate by 25 basis points, lowering it to 3%, as it navigates trade tensions, inflationary concerns, and a cooling housing market.
With the overnight rate now at 3.25%, the housing market may be set to embark on a bumpy ride.
Could you pay your mortgage after a job loss? Here’s how to protect your ability to pay in a worst-case scenario.
Today the Bank of Canada cut its key interest rate by 50-basis points. Is today's double rate cut enough to incentivize buyers to re-enter the housing market? Let’s see what it means for the Canadian housing market.
The Bank of Canada cuts the overnight rate for the third consecutive time by another quarter percentage point to 4.25%.
Tenant insurance is like a safety net for your belongings, protecting you from unexpected events like theft or fire. However, it doesn’t cover the building itself. Here’s what you need to know in case of accidental damage.
Mortgage life insurance is like the extra warranty for your laptop or fridge—an add-on that boosts the lender’s profits. Here’s what you need to know to avoid getting taken for a ride.
Get money-saving tips in your inbox.
Stay on top of personal finance tips from our money experts!