Auto insurance companies^[1] are giving customers rebates since many Canadians’ driving habits have been impacted by the COVID-19 lockdown.

“This is an incredibly challenging and uncertain time for many Canadians, and insurers want to help alleviate some of the financial burden for the most vulnerable,” said Don Forgeron, President and CEO, Insurance Bureau of Canada in a press release^[2]. 

“Insurers understand that many drivers are no longer commuting or using their vehicle as regularly, which could result in savings.” 

IBC encourages insurance customers whose driving habits have changed significantly or who are facing financial hardship as a result of the pandemic to contact their insurance representative because savings will vary depending on individual driving habits. 

Some drivers can save money on their car insurance by dropping a few coverages they don’t need^[3], but if that’s not possible, here’s a list of auto insurance providers that are offering discounts because of COVID-19.

Allstate Canada

Allstate Canada^[4], Pembridge and Pafco customers who have an active automobile policy will receive a one-time payment of approximately 25% of their monthly auto premium. Drivers can expect the “Stay at Home Payment” cheque in May.

The companies’ American division was among the first insurance providers to offer a discount^[5] due to COVID-19

Aviva Canada

Aviva Canada^[6] is offering premium reductions based on usage. Customers who must drive during the pandemic but are driving less may be eligible for savings of up to 15% by applying for Aviva’s new #StayHome endorsement.

These savings aren’t automatically applied. Customers have to call their broker or agent to discuss their specific usage to determine what savings are available to them.

belairdirect

Customers whose number of kilometres driven have decreased can apply through an online form to activate a 15% premium reduction.

Processing could take up to 30 days to be reflected but the discount will apply for three months. The last day to request this change is June 30, 2020.  A belairdirect customer told lowestrates.ca they got $19 off, their monthly premium and it took about a week for the discount to reflect. Eligible customers can automatically qualify for further reductions for a period of three months from the moment this reduction is processed. After three months, your car insurance premium will automatically revert to reflect the kilometres you typically drive.