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:
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.