What Is CAA MyPace?
CAA MyPace is a pay-as-you-drive insurance program where premiums are based on the number of kilometres you drive. MyPace members only have to pay for the distance they drive.
Generally, CAA MyPace covers the following:
- The overall vehicle in case of theft or loss
- Third-party damage you cause to another person or their property
- Personal accidents involving you and any dependents while on the road
- Car contents, such as personal belongings that are stolen or damaged
The CAA MyPace savings threshold is up to 12,000 km/year, allowing members to save up to 70% on the program.
How CAA MyPace Works
CAA MyPace charges a monthly or up-front base rate. As with most pay-as-you-go insurance programs, CAA MyPace offers the following model:
- Pay-as-you-drive: Insurers calculate coverage based on common driving behaviours (e.g., driving within the speed limit, braking often).
CAA MyPace uses a plug-in device installed in the vehicle’s OBD-II port to record kilometres driven, while the mobile app allows you to monitor your usage.
The app measures payments every 1,000 km, though these statistics might change depending on whether you add a driver, adjust your coverage, or move to a new location. The MyPace app uses an onboard GPS antenna and accelerometer to collect this data and may take a second to update if you’re driving underground.
Enrolling In CAA MyPace
You can enroll in CAA MyPace by contacting a CAA insurance agent or visiting CAA Stores at various locations. Potential CAA MyPace members can also quote their insurance rates online.
If you qualify, MyPace will calculate your rate based on factors like your driving record, years of driving experience, and how far you travel.
Eligibility Requirements
To qualify for CAA MyPace, you must meet the following eligibility criteria:
- You drive less than 9,000 km/year.
- Your vehicle model is compatible with the CAA MyPace device. Vehicles that are incompatible with CAA MyPace include electric cars, motorcycles, diesel vehicles 2005 and older, and vehicles 1995 and older.
How To Use CAA MyPace
If you are eligible to enroll in CAA MyPace, you’ll receive a package containing your auto insurance policy and MyPace device.
To install the device in your vehicle, simply plug it into your OBDII port. You’ll know the device is working once it lights up briefly.
For the device to transmit information, you’ll need cellular data. Avoid removing the device too frequently, as this can lead to the cancellation of your plan.
CAA MyPace requires installing the device within 48 hours of receiving it to avoid being removed from the program.
Once you install the device, you’ll have to download the CAA MyPace app on your mobile phone or log in from the desktop portal. To download the CAA MyPace app on your smartphone, follow these steps:
- Search CAA MyPace on the App Store or Google Play.
- Open the app and click “Get Started” to create an account.
- Log in, then input your insurance policy number.
The MyPace app will alert you at 750 km, 900 km, and 950 km. Once you pass 950 km, you’ll receive a charge for the next 1,000 km. If you don’t reach 1,000 km by the end of your policy, you can roll the remaining kilometres over upon renewal.
If you change your vehicle before the policy ends, inform your CAA insurance agent.
How Much Does CAA MyPace Cost?
A CAA MyPace policy cost varies depending on your driving record, experience, and habits. For instance, your premiums may be higher if you have a poor driving record or have been in an accident recently.
Your mileage can also be a major factor in your premiums. For instance, drivers who travel very little may save up to about 70% compared with traditional policies, depending on their mileage.
Ultimately, the best way to accurately calculate your potential premiums is to request a personalized quote.
Paying For Your MyPace Policy
When you apply for a MyPace policy, you’ll have to pay a base amount to cover your car when it isn’t in use. You can pay this base amount up-front or in monthly instalments.
Then, you’ll start paying for 1,000 km increments online or at any CAA Store. Most of these charges occur automatically. You’ll have to pay for your policy before using your kilometres, and you’ll receive a notification for every 950 km you use.
Each MyPace invoice will detail your base and increment rates, as well as any changes you make to your policy.
If you miss a payment, your CAA insurance will contact you as a reminder. However, missing more than one payment could lead to the cancellation of your account.
CAA MyPace Review: Are Pay-As-You-Go Insurance Programs Worth It?
Pay-as-you-go insurance programs like CAA MyPace are worth it if you are a low-mileage driver. In addition, low-mileage drivers may benefit the most from this program, regardless of their risk profile.
CAA MyPace may not be for you if you drive more than 12,000 km or move locations frequently.
Key Advice from MyChoice
- Estimate your annual mileage before enrolling. Pay-as-you-drive insurance works best for drivers who travel short distances regularly or only use their car occasionally.
- Compare the total cost with a traditional policy. If you drive close to the mileage limit, a standard policy may sometimes be more affordable.
- Avoid unplugging the tracking device. Removing it frequently can trigger policy issues or even lead to the program’s cancellation.