CAA to expand their Pay-as-you-Drive insurance to the province of PEI

CAA has announced that they will be expanding their MyPace Insurance program into the new province as of February 15th.

The telematics based insurance product rewards drivers who drive less then 9,000km per year, a new reality for many during the pandemic and probably for many years ahead.

The policy begins with a base rate, rated in a similar way to regular insurance (location, driving history…) but then increases as you drive more and more. If you drive more then 9,000 kilometers, CAA recommends you look at other products within their portfolio.

Read more at https://www.cbc.ca/news/canada/prince-edward-island/pei-pay-as-you-go-vehicle-insurance-1.5869687