Before we wrote this article, we checked how the program is priced. You’ll leave knowing how the program works, how much you could save and where the mileage math stops working in your favour.
What Is CAA MyPace?
CAA MyPace is a usage-based auto insurance payment program that charges a fixed base rate plus a per-1,000-km charge (CAA).
It is built for drivers who drive under 12,000 km a year. CAA says that your savings scale with how little you drive.
What Does It Cover?
CAA MyPace includes the same coverage as a traditional CAA Ontario auto policy. It only changes how you pay, not what’s covered.
How CAA MyPace Works
CAA MyPace charges a monthly or up-front base rate. Your premium includes the kilometres you drive, billed in 1,000-km increments on top of the fixed base rate.
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 device uses an onboard GPS antenna and accelerometer to collect trip data. It may take longer to update if you’re driving or parked underground.
CAA also collects information such as vehicle speed, location, time and diagnostic information. CAA says it will not use the data to cancel or refuse an auto insurance policy or apply surcharges.
How Much Can I Save?
CAA provides examples of possible savings based on annual distance. For example, someone who drives 6,000 km could save up to 25% compared with a traditional policy.
Your actual base rate and per-1,000-km charge depend on factors such as your driving record, vehicle and location. CAA notes that its savings examples are not an indication of what every driver will save.
Is the Program Worth It?
Pay-as-you-go insurance programs like CAA MyPace may benefit low-mileage drivers.
If you’re near or over 12,000 km, or your driving is seasonal and unpredictable, price a standard policy against MyPace before you switch.
Enrolling in CAA MyPace
You can enrol in CAA MyPace by contacting a CAA insurance agent or visiting a CAA Store or participating broker. Potential CAA MyPace members can also get an online quote.
MyPace calculates your rate based on factors such as your driving record, years of driving experience and how far you travel.
How to Use CAA MyPace
- If you enrol in CAA MyPace, you’ll receive a package containing your auto insurance policy and MyPace device.
- To install the device in your vehicle, plug it into your OBD-II port. You’ll know the device is working once it lights up briefly.
- The device needs cellular reception to transmit information. Frequent removal may jeopardize your participation in the program.
- CAA MyPace requires you to install the device within 48 hours of the policy’s effective date or the device arriving to avoid being removed from the program.
- Once you install the device and complete your first trip, you can monitor your kilometre usage through the CAA MyPace app or online portal. A smartphone is not required.