Skip to main content

CAA Insurance to provide 10 per cent rate reduction for new and renewing home auto policies in the Maritimes

May 6, 2020 – Thornhill, O.N. – CAA Insurance announced today that it is offering a 10 per cent rate reduction for new and renewing home and/or auto insurance policy holders in the Maritimes.

The rate reduction was first announced in Ontario in mid-April and is now available in New Brunswick, Prince Edward Island and Nova Scotia.

“CAA believes that insurance should be based on people’s needs, and according to their lifestyle,” said Matthew Turack, president, CAA Insurance. “Right now, people are driving less and are focused on reviewing their finances. This rate reduction, combined with other creative ways where CAA Insurance can potentially help find savings, can make a big difference for people when they need it most.”

The 10 per cent rate reduction is aimed specifically at lowering premiums during the COVID-19 pandemic. The reduced rates can be combined with additional ways to adjust coverage and payment plans to reflect reduced driving behavior such as:

  • Reducing your daily commute or annual mileage amounts on policies
  • Insurance adjustments for multiple cars that aren’t being driven

“The key thing is for consumers to check with their agent or broker, and make sure you explore all your options,” continued Turack. “Every company is taking a different approach during the COVID-19 pandemic, and it’s important to use this time to shop around to make sure you find the best savings.”

The rate reduction is being applied automatically on all new policies retroactively as of April 15, 2020, and on renewal policies after June 15, 2020. It will be applied for your full policy term and will be available until the pandemic is over. If your policy renews before June 15, 2020, please contact your broker or agent to apply the 10 per cent reduction for the remainder of your policy term.

CAA Insurance is working with regulators across Canada, with the intention to deliver insurance savings in all provinces where it operates.

 

-30-

 

About CAA Insurance Company

For over 40 years, CAA Insurance Company has provided dependable and trustworthy service to protect Canadians and what matters to them. CAA Insurance Company believes in following their responsibilities to help customers and distribution partners with the highest level of respect, fairness, and attention for the best coverage.

 

About CAA

CAA is a federation of eight not-for-profit Clubs providing more than six million Members with roadside assistance, Member savings and comprehensive automotive and travel services. CAA also advocates on issues of concern to its Members, including road safety, the environment, mobility, infrastructure, and consumer protection.

 

For further comment, or to book an interview, please contact:

Julia Kent

Director, Public & Government Affairs
T: 902-468-4570
M: 902-402-8800
E: jkent@atlantic.caa.ca