Aviva Canada has announced that it is offering around $100 million in auto insurance premium relief.
The insurance giant confirmed that customers who have stopped driving entirely due to the COVID-19 pandemic can have their auto insurance premiums decreased by up to 75% by applying for the new “#StayHome” endorsement. Customers who must drive during the pandemic, but are driving less, may also be eligible for savings.
Policyholders are still encouraged to contact their broker or agent to discuss their specific usage to determine what sort of savings they are entitled to, the insurer recommended.
“Canadians need help right now. We are all in this together, which is why we want to help relieve some of the heavy financial stress that people are feeling. This is immediate help for those who need it, and a longer-term commitment to protect our customers through this crisis,” said Aviva CEO Jason Storah.
The insurance company also said that it is freezing any auto insurance premium increases at renewal. This allows customers to keep the same auto insurance premiums for the next 12-month policy term. This offer will stand until further notice, a company release noted.
Aviva’s relief program comes after it announced earlier this week that its brokers and agents are open for consultation regarding flexible auto insurance payment options. The insurer also outlined that it would offer free roadside assistance to first responders, and that it would contribute $500,000 to the Canadian Red Cross.
