Some auto insurers are announcing reductions in car insurance premiums and other financial-relief measures in the wake of the ongoing COVID-19 pandemic.
Aviva Canada, CAA, Gore Mutual, Intact Insurance and Travelers Canada are all taking action to aid their policyholders. Here are the details:
Aviva Canada. Aviva is giving its policyholders in Ontario a premium reduction of up to 20% when their policies renew on or after June 15, 2021. The new reduced premium will also apply to new customers from May 1, 2021, onwards. Aviva customers do not have to do anything to benefit from the price reduction. They will see their premiums reduced when they apply for a new policy or renew an existing policy.
CAA Insurance. CAA is giving its Ontario car insurance policyholders a 15% discount on a 12-month term. The rate relief applies automatically to all new customers effective April 15, 2021, and existing customers whose auto policies renew on or after June 15, 2021. Customers whose auto policies renewed between January 1 and June 14, 2021, can apply for the incremental rate relief by completing an online form.
Gore Mutual. Gore announced an 8% base rate reduction to private passenger auto policyholders in Ontario to support them through the next 12 months. That’s in addition to the 5% the insurer already has in place. This new round of rate relief is effective April 15, 2021, for new customers, and July 1, 2021, for renewing customers. The base rate reduction will automatically be applied to all new and renewing personal auto policies. There are no actions required from customers to receive the relief.
Intact Insurance. Intact is offering its private passenger vehicle policyholders across Canada whose driving habits have changed one month of premium relief. Relief is available to all customers in the Intact group of companies, including belairdirect, Jevco Insurance, Novex Insurance, and the Guarantee Company of North America.
Intact customers can apply through Intact's Client Centre to access the funds. Belairdirect customers can do the same via the belairdirect Client Centre or through either insurer’s mobile app to receive funds via a secure Interac e-Transfer. Jevco policyholders can request relief by filling out an online form. Likewise, Novex policyholders can apply for relief through an online form. Customers of the Guarantee Company of North America, whose policies were active before February 28, 2021, are asked to contact their brokers to request the rate relief.
Travelers Canada. Travelers Canada is reintroducing its Stay-At-Home Auto Premium Credit program in Ontario, providing its policyholders whose policies are in-force as of March 1, 2021, with a 25% credit on one month’s premium. The insurer is also reducing its rates by 3% on all personal auto policies, and up to 10% for customers with low mileage policies. The reductions also apply to Dominion and Chieftan policyholders in Ontario. These drivers will receive the credit in May on a future bill or via a mailed cheque, the insurer says.
Don't waste time calling around for auto insurance
Use RATESDOTCA to shop around, and compare multiple quotes at the same time.