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CAA Auto and Home Insurance.

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.

CAA Insurance leads the auto insurance industry in 2021, by increasing rate relief to 15% for a 12-month term.

As driving habits have been affected by the pandemic, we continue to look at every possible way to help you save money on your insurance. We know that many Ontarians are still driving less. So, to ensure that your premium reflects your decreased driving, CAA Auto Insurance is now expanding your rate reduction to 15%.

  • A total of 15% rate relief will be applied automatically to all new policies effective April 15, 2021, and all renewing auto policies as of June 15, 2021.
  • Auto policies renewing between January 1, 2021 to June 14, 2021 are already receiving a 10% rate reduction. To apply for the incremental 5% rate relief, complete the online request form here.
  • You may also want to explore CAA MyPace™, Canada’s only pay-as-you-drive insurance payment program for more savings. CAA MyPace saves low-mileage drivers up to 50%, and there are no fees or penalties for switching back to traditional insurance.
  • CAA Home Insurance policyholders will continue to automatically receive the 10% rate reduction in 2021, for a 12-month term.

We encourage all Ontarians to speak to their insurance agent or broker about ways to save.

It is important to have an ongoing dialogue with your insurance agent or broker to explore all the ways you can save on your policy premiums. Changing a few parameters of your policy can increase your savings, especially when added to the new 15% rate relief CAA Insurance is giving all our Ontario auto insurance policyholders. Coupled with our pandemic relief, new customers who have made the switch to CAA Insurance are seeing significant savings averaging over $700 per policy. 

CAA’s licensed Insurance Agents are available to provide guidance and/or complete a complimentary policy review. Simply call 1-877-468-6222 between 8:00 am and 8:00 pm Monday to Thursday, 8:00 am and 6:00 pm on Friday and 9:00 am and 4:00 pm on Saturday.

In 2020, CAA Insurance led the insurance industry with rate reductions and financial relief. 

In April 2020, CAA Insurance was the first and only insurance company to offer a 10% rate reduction on auto and home insurance policies for the duration of a 12-month policy term. 

In May 2020, we added to this financial relief by introducing a $100 Auto Insurance Relief Benefit for Ontario policyholders. Then in October 2020, we provided another $50 relief benefit for our active Ontario auto policies. The total estimated relief that CAA Insurance has/will provide for home and auto in 2020 and 2021 will be around $130 Million. 

 

COVID-19 Relief Efforts FAQs

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:

  1. 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.
  2. 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.
  3. CAA Insurance introduced a $100 Ontario Auto Insurance Relief Benefit for all policies in effect before May 1, 2020.
  4. 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.

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.

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.

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:

  1. If you are no longer commuting daily, you could consider changing your coverage from commuting to pleasure use?
  2. Is there a car that isn’t being used at all that could have coverage reduced?
  3. Would you save from bundling your CAA Auto and Home Insurance?
  4. 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).
  5. 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.