- if you do not commute/drive at all: change to parking insurance, you might save up to 75%
- if you have several vehicles and use only one to buy groceries or visit your doctor: park the other vehicle or vehicles
- change your vehicle from commute to pleasure use only. You might save up to 15%
- if you still commute but only a few days a week or occasionally only: reduce kilometres driven yearly
- most of the insurers have introduced special discounts for their clients or offer other options to save: talk to your broker
To Our Personal Auto Insurance Customers:
We know that many of you are doing your part to help stop the spread of COVID-19 by staying home. That means many of you are driving less, resulting in a decrease in auto claims.
With that in mind, Travelers Canada has launched the Stay-at-Home Auto Premium Credit Program, which will provide you with a 25% credit on one month’s premium. It’s their way of supporting you, and we hope it helps ease some of the financial burden many are experiencing.
And the best part: You don’t need to do anything. If you pay by monthly installments, you will receive the credit automatically on a future bill. If you have already paid in full, you will receive a mailed cheque. If you have questions about your current payment plan, please contact us, your broker, directly. Answers to questions that you may have about this program can be found here.
Travelers Canada will continue to assess the program as more information comes to light about the impact of the COVID-19 crisis on the driving environment and auto claims.
Separately, they are extending auto coverage for customers whose temporary job responsibilities include using their personal vehicles to make food, grocery, pharmacy and medical supply deliveries. This does not include vehicles participating in a commercial delivery network.
The Stay-at-Home Auto Premium Credit Program is among several initiatives Travelers Canada has launched to provide relief during this challenging time. These include suspending cancellation and nonrenewal of coverage due to nonpayment through May 15 and a pledge of $5 million to COVID-19 relief efforts to assist families and communities.
We appreciate your business and hope you stay healthy and safe.
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