As the impact of the pandemic persists, many Ontarians are feeling its financial effects. CAA Insurance is continuing to provide policyholders with meaningful relief to help manage expenses during these challenging times.
What has CAA Insurance done to help policyholders during the pandemic?
Over the past year, CAA Insurance has helped policyholders navigate these financially challenging times by offering several rounds of savings on their home and auto insurance. These commitments will continue including:
- New CAA Insurance savings for 2021
A total of 15% savings will be applied on all new eligible Ontario auto insurance policies effective April 15, 2021, and all new renewing policies effective June 15, 2021. If your policy effective date falls between January 1st and June 14th, 2021, you would have already received a 10% rate reduction.
To receive the additional 5% savings, please complete and submit this form.
- Ongoing CAA Insurance savings:
Policyholders in Ontario will continue to enjoy a 10% rate reduction on CAA Home Insurance that will remain in effect for the remainder of your policy term.
- Introduction of a Ontario Auto Insurance Relief Benefit
CAA Insurance introduced a $100 Ontario Auto Insurance Relief Benefit for all policies in effect before May 1, 2020.
- Additional Relief Benefit
An additional $50 Relief Benefit was introduced for all Ontario auto insurance policies in effect as of October 28, 2020.
We know the pandemic has left many CAA Insurance policyholders facing financial challenges. That’s why our licensed CAA Insurance Agents and Broker partners continue to help tailor policy coverage to reflect reduced driving habits and lower premiums. CAA MyPace™, Canada’s first pay-as-you-go auto insurance payment plan, is also a great option for low mileage drivers in Ontario and the Atlantic provinces to consider.
What do I need to do to receive the 15% rate reduction?
The 15% rate reduction will be applied automatically to all new eligible Ontario auto insurance policies as of April 15, 2021, and all renewing policies as of June 15, 2021. This rate reduction will be applied for your full policy term.
If you are an existing policyholder with a policy effective date between January 1 and June 14, 2021, you would have already received a 10% rate reduction. To request the additional 5%, just complete and submit this form. Please note that the 10% rate reduction has already been applied to your auto insurance policy.
I just received my renewal for April. Is the 15% rate reduction already included?
The rate reduction will be automatically applied on eligible Ontario auto policies renewing as of June 15, 2021. For policies with an effective date prior to June 15, 2021, please complete and submit this form to receive the new 5% rate reduction for the remainder of your policy term. You will receive this rate reduction in addition to the 10% reduction that was already applied.
If you have additional questions or would like to talk about other savings opportunities, please contact a licensed CAA Insurance Agent or CAA Broker.
What other auto insurance saving options are available to me?
A licensed CAA Insurance Agent or CAA Broker can show you ways to adjust your coverage to reflect your reduced driving and lower your insurance costs. Consider the following:
- If you are no longer commuting daily, you could consider changing your coverage from commuting to pleasure use?
- Is there a car that isn’t being used at all that could have coverage reduced?
- Would you save from bundling your CAA Auto and Home Insurance?
- Are you a CAA Member? While you don’t have to be one to get CAA Insurance, CAA Members save up to 20% on CAA Auto Insurance and 10% on CAA Property Insurance (in addition to receiving other perks and benefits)1.
- Would you benefit from changing to CAA MyPace, Canada’s first pay-as-you-go auto insurance payment plan? This is an ideal option for low mileage drivers.
1 To qualify for the discount you must be a current CAA Member in good standing (CAA Membership dues paid in full by membership expiry date). Eligible CAA Members may qualify to receive a Member Loyalty Discount based on membership tenure and Roadside Assistance usage.