Working From Home? Pay-As-You-Go Auto Insurance Might Be For You

Pay-as-you-drive car insurance from CAA Insurance

If you continue to work from home due to the pandemic and are looking for a way to save real money on your auto insurance, CAA MyPace™ is a program that is saving low-kilometre drivers 40% on average. If you drive less than 3,000 kilometres a year, you could save 50% or more.

As the pandemic drags on much longer than any of us expected, you might be one of millions of Canadians looking out at your driveway, and wondering why you’re still paying full price for auto insurance for a car that mostly just sits there. If this describes you, and you drive less than 8,000 km a year, you could be saving a bundle by switching to CAA MyPace™.

How Does the Program Work?

The program is quite simple really. First, you’ll be quoted CAA’s typical premium based on your driving record and other personal details. Then, if you say that you want to participate in the CAA MyPace™ program, CAA will send you a device that you will plug into your car’s OBD-II port. All cars built since 1996 have this port. You’ll also download an app to your phone, and together, they will track how many kilometres you drive.

How Much Can I Save?

The savings are greater the less you drive. Here’s the breakdown:

Annual Driving Savings
8,001 km or more No savings
8,000 km 5%
7,000 km 15%
6,000 km 25%
5,000 km 30%
4,000 km 40%
3,000 km 50%
2,000 km 60%
1,000 km 70%

If you drive more than 9,000 km a year, then the program is probably not for you, because you will actually be charged an administrative fee for every 1,000 extra kms you put on the car, making the program more expensive than CAA’s traditional auto insurance product.

But if you’re working from home for the foreseeable future, and only using your car for errands once or twice a week, you can imagine how the CAA MyPace™ program could save you serious money. And of course if you live in a two-car or three-car family, you can put the least used vehicle(s) on the program, and only use them when you really need to.

So how much can you save exactly? Here are a few examples:

Driver Driving Profile Regular CAA Annual Premium CAA MyPace™ Annual Premium Savings
Suhanna, 36 yrs old, Kitchener, Business Analyst Driving 3,200 km a year during the pandemic $1,002 $644 $358
Arthur, 58 yrs old, Toronto, HR Specialist Driving 1,700 km a year during the pandemic $1,238 $581 $657
Kenyon, 26 yrs old, London, Blogger Driving 5,700 km a year during the pandemic $1,525 $1,188 $337

Get Started, Get Saving

To get your vehicle on the CAA MyPace™ program today, call Mitchell & Whale Insurance Brokers at 1-800-731-2228. One of our car insurance experts will go over your auto insurance history and current driving behaviour with you, and advise you if the program is right for you. Because we work with 40+ different insurance companies, we’ll probably be able to save you some money regardless.

Driving less these days? Now's the best time to save on insurance.
Call Mitchell & Whale Insurance Brokers to learn more about CAA's MyPace™
Speak with a broker today: 1-800-731-2228

If you want more information about the program, check out our interview with CAA Insurance’s Kathy Corbacio from 2020.

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