Canadian Underwriter

CAA’s pay-as-you-go auto insurance officially rolls out in Ontario


July 13, 2018   by Staff


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CAA South Central Ontario-CAA MyPace- pay-as-you-go auto insuranCAA’s new pay-as-you-go auto insurance payment program, CAA MyPace, is now officially available to consumers in Ontario.

First announced in May, the program puts choice and control back in the hands of consumers, says the company. The new program gives motorists the ability to monitor how much they drive and pay for auto insurance based on that mileage. CAA says the program will be of most benefit to low-mileage drivers who drive less than 9000 kilometres per year.

Read: CAA introduces pay-per-kilometre insurance in Ontario

Read: Fixing Ontario’s auto system

“CAA MyPace has been generating a great deal of interest in the market, and we’re excited to offer this new program to Ontario drivers,” said Matthew Turack, president, CAA Insurance Company. “Drivers now have access to an insurance option designed to meet the needs of their individual lifestyles and puts choice and control back in their hands.”

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This story was originally published by Canadian Insurance Top Broker.