Car Insurance During Covid Ontario

Ontario is making a regulatory change that will more easily allow auto insurance companies to provide breaks to their customers because of the covid 19 pandemic.

Car insurance during covid ontario. Updated may 18 2020. Canadians need help right now. Toronto the ontario government is enabling auto insurance companies to provide temporary insurance premium rebates to drivers during the covid 19 pandemic.

In addition caa is introducing a 100 auto insurance relief benefit for active ontario auto policies that were in effect prior to may 1 2020. Over the past few months we ve seen a drop in car insurance claims and we want to share the savings with you. Car insurance premiums should be cut during pandemic ontario s finance minister says by robert benzie queen s park bureau chief thu april 9 2020 timer 3 min.

Canada s insurance industry is promising rebates and relief for customers struggling to keep up with their bills amid the covid 19 crisis. The province has amended a regulation under the insurance act to help ease the financial pressure on working people and families during this public health crisis. Additional auto insurance refund.

Insurance companies have provided 685 million in relief to ontario drivers using their cars less during the covid 19 pandemic but the province s finance minister says more should be done. Fire tears through townhouse complex in richmond hill aug 08 2020. This reduction is valid for the duration of a 12 month policy term.

April 8 2020 toronto ontario to help canadians during the covid 19 pandemic aviva canada today announced it is offering 100 million in additional immediate relief measures for drivers including options to immediately reduce insurance premiums. The covid 19 pandemic has led to an exceptional situation where many canadians are working from home and using their cars much less and that s lowered the risk of road accidents. The insurance bureau of canada which speaks on behalf of.

Canadians catching a break on car insurance during coronavirus pandemic. Financial security is a top concern due to the covid 19 pandemic. 12 02 pm 70 new covid 19 cases reported in ontario lowest number since march aug 08 2020 10 44 am.