It’s easy to spread out the cost of your insurance with a payment plan. You can choose monthly or quarterly payments on a 12-month policy.
You’re eligible for the payment plan if:
If you’re under 19, you’ll need your parent or guardian to co-sign the payment plan.
You can sign up for payment plan at any Autoplan broker.
When you visit the broker, remember to bring:
You’ll need to pay a $15 enrolment fee. You won’t pay it again as long as you keep your plan and renew it within 12 months of when your policy expires.
The interest rate is fixed from the day you sign up, and your payment stays the same each month.
You can pay your full balance at any time.
If there isn't enough money in your account when your monthly payment is due, or if your financial institution has returned your payment, you'll pay an $18 fee. Within three to five days, we'll try to withdraw the missed payment again. If that's not successful, we'll contact you.
If you need to cancel your insurance, try to do it at least one day before your payment is due to avoid an unexpected withdrawal.
You'll have to sign up for a six-month plan if you:
Once you've successfully completed a six-month plan, you can apply for the 12-month plan.