Payment Information

Choose the Payment Option that is Right for You
Your independent insurance broker and The Economical Insurance Group are committed to making it as easy as possible for you to pay your insurance premiums. You have two easy-to-use plans to choose from.

Three Pay Plan
Pay your insurance premium in three instalments. Each payment can be made using any payment method with no service charge.

The Three Pay Plan offers a wide range of convenient payment methods:

• Internet or Telephone Banking - Contact your financial institution and follow their directions. You'll need the account number found on your statement.
• ATM or Branch Teller Payments - Simply include your statement remittance portion with your payment
• Credit Card Payments - Just fill in your American Express, MasterCard or VISA information on the remittance portion of your statement, sign it and mail it in the postage paid envelope provided. You can also contact your insurance broker with your credit card information
• Cheque or Money Order - Send your payment and statement remittance in the postage paid envelope

Monthly Pay Plan
Have your insurance payments automatically withdrawn from your account in equal monthly instalments.

• Authorization forms are available from your broker. Complete the form and submit it to your broker along with a void cheque. You have a choice of which day of the month you'd like the payment withdrawn: the 1st, 8th, 15th, 20th, 22nd or 28th
• Just set up the payment method once. It continues when the policy renews
• Optional lump sum payments can be used to reduce the monthly withdrawal amounts