Travelers Canada is reducing its Ontario car insurance premiums to help its policyholders who are staying home and driving less during the ongoing COVID-19 pandemic.
The insurance company 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. In 2020, the insurer twice provided credits to its customers of 25% and 15%.
Travelers Canada will also introduce a rate decrease of 3% overall on all personal auto policies, with low mileage policies seeing up to a 10% decrease. The reductions also apply to Dominion and Chieftan auto policyholders in Ontario:
- Dominion policyholders’ decreased rates are available as of May 10, 2021, for new customers and July 1, 2021, for renewing customers.
- For Chieftain policyholders, the reduced rates are available on May 10, 2021, for new customers and July 10, 2021, for renewing customers.
Policyholders will receive the credit in May automatically on a future bill or via a mailed cheque, the insurer says. Furthermore, its Stay-At-Home Auto Premium Credit program may be extended as more information becomes available on the impact COVID-19 has on the driving environment and auto-related claims.
Other insurers have also rolled out pandemic relief programs in recent weeks, including Aviva Canada, CAA Insurance, Gore Mutual and Intact Insurance.
For a complete rundown of car insurance relief programs that are available, check RATESDOTCA’s Premium Insurance Relief Calculator.
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