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Auto Insurance:

Economical introduced an enhanced annual kilometres discount a few months ago in Ontario in response to the COVID-19. As provinces continue with phased re-openings, Economical has ended this discount effective July 31, 2020. Starting on August 1, customers who had their annual kilometres adjusted to one kilometre will be updated to reflect the kilometres previously noted on their file, and their premiums will be adjusted accordingly.

Premium Reduction:
Customers whose driving situations have changed have the following options.

  1. Adjust the use of your vehicle. If you are using your vehicle less due to COVID-19, your policy can be temporarily adjusted to reflect this. The average rate of reduction for this change is approximately 15 per cent and the adjustment will reverse on July 31, 2020 (pending further stay-at-home mandates).

  2. Park your vehicle and remove all road coverages. There are multiple options to remove road coverages from one or more of your vehicles depending on your personal circumstances. This will translate to the most savings however it will mean that you can no longer drive your car for any reason including groceries, etc. If your vehicle is leased or has a loan against it, we would require permission from the lessor or financial institution in order to delete coverages. We would be happy to discuss these options with you and what they might mean for you and your family.

It is your responsibility to update us when any change occurs. We recognize that we are all learning to adapt in these uncertain times. If you choose to amend your auto policy, it is your responsibility to contact a TW Insurance broker if and when your driving habits change. We can then work with you to ensure you have the right coverage for your needs. If your coverage does not match your driving habits, there is risk that your claim could be denied.

If you would like to amend your auto policy based on the information outlined above, please click here to fill out our
COVID-19 Policy Change Request Form.

Home Insurance:

Many of our customers are now temporarily working from home.  While property policies do not provide coverage for business pursuits at home, Economical provides coverage for incidental office use for those working from home at no extra cost. The amount of coverage for business property kept at your home varies from $2000 to $5000 depending on the type of policy you have.


Economical is offering flexible payment options and waiving NSF fees temporarily on a case-by-case basis. Please contact us to discuss your options. Please note that financial institutions may still charge a separate fee for NSF. Economical has not advised how long they will be offering payment flexibility or waived NSF fees.