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 - To remit credit card payments policyholders will be provided with the following options:
  1. Access the home page by clicking on the "HOME" link at the top of the page then click
      on "pay by credit card". The process is easy and provides the policyholder with
      immediate authorization along with an email confirmation if requested.
  OR
  2. Access our telephone service 1-866-858-4040 and select the option to "make a credit
      card payment". Using the keypad on your telephone, a policyholder is provided with
      easy to follow instructions and once the payment has been processed, an
      authorization number is provided.
• 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Have your insurance payments automatically withdrawn from your account in equal monthly instalments.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 You have a choice of which day of the month you'd like the payment withdrawn: the 1st, 8th, 15th, 20th, 22nd or 28th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