{"id":18629,"date":"2020-06-08T13:57:45","date_gmt":"2020-06-08T17:57:45","guid":{"rendered":"https:\/\/www.insurance-canada.ca\/?p=66732"},"modified":"2020-06-08T13:57:45","modified_gmt":"2020-06-08T17:57:45","slug":"only-25-of-canadians-say-they-received-covid-19-relief-measures","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/06\/08\/only-25-of-canadians-say-they-received-covid-19-relief-measures\/","title":{"rendered":"Only 25% of Canadians Say They Received COVID-19 Relief Measures"},"content":{"rendered":"

InsuranceHotline.com survey<\/h3>\n

Toronto, ON (June 2, 2020) \u2013 Only one in four Canadian auto insurance customers reports receiving an offer of rate relief from their insurer, according to a new survey by InsuranceHotline.com.<\/p>\n

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In the wake of the COVID-19 lockdown, auto insurers offered rate relief measures to their customers to help them manage the financial challenges they face paying their auto insurance<\/a> bills.<\/p>\n

These rate relief measures<\/a> ranged from rebates and premium discounts to payment deferrals and waiving non-sufficient fund fees for missing payments in March and April.<\/p>\n

According to a recent online InsuranceHotline.com<\/i> survey of Canadian drivers, only 25% of respondents say they were offered rate relief from their auto insurer, compared to 64% who say they were not. Another 12% of respondents say they are not sure. Furthermore, of drivers who received some form of relief, 33% regard the measures as helpful, but 64% consider them insignificant.<\/p>\n

That result begs the question what consumers may do. Will they shop around for a different auto insurance company or not? On that score, the respondents are split: 41% say they are not likely to shop around while 39% say they are; 20% say they are unsure.<\/p>\n

Breaking those numbers down by age group, an equal number (39%) of Canadians are likely to shop around for another insurer regardless of their ages. But 37% of consumers younger than 35 say they are not likely to shop around compared to 42% of consumers who are older than 35.<\/p>\n<\/div>\n<\/div>\n

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How Has COVID-19 Affected Canadians\u2019 Finances?<\/b><\/h4>\n

Meanwhile, an unrelated survey<\/a> by the Association for Canadian Studies and the Canadian Press<\/i> finds the pandemic has had no impact on jobs for 33% of Canadians, 13% lost their jobs temporarily, 12% say it has affected their income, and 3% lost their jobs permanently.<\/p>\n

When the InsuranceHotline.com<\/i> survey asked Canadian consumers about the impact the pandemic lockdown has had on them financially, about half say they are feeling the pinch, with 36% being somewhat impacted and 12% significantly impacted. Another 28% say they were not impacted very much, and 19% say they are not impacted at all.<\/p>\n

Regionally, Quebeckers are weathering the fiscal fallout of the pandemic better than the rest of Canada, with 40% of Quebeckers saying they are financially impacted by the pandemic compared to 53% of respondents across the rest of Canada.<\/p>\n

What You Can Do to Lower Your Premium<\/b><\/h4>\n

There are several things drivers can do immediately to find out what auto insurance options they have during the COVID-19 pandemic:<\/p>\n