Aviva Canada announced March 19 that its auto insurance customers in Ontario can expect up to a 20 per cent premium reduction when their policies renew on or after June 15, 2021.
The insurer’s personal auto insurance customers in Ontario already received a five per cent reduced premium, which was introduced last August. Aviva Canada says the new reduced premium will also apply to new customers from May 1, 2021 onwards.
"We continue to see a reduced level of claims in Ontario, and we are passing these savings on to our customers," stated Phil Gibson, Managing Director of Personal Insurance at Aviva Canada.
To receive the reduction, no action required from customers, the insurer added.
In 2020, in response to the COVID-19 pandemic, Aviva Canada provided customers with $147 million in relief across a range of measures, including premium reductions and payment deferrals.