$329 Million Saved By Car Insurers In 2020 in The 4 Atlantic Provinces Due to Covid-19 Pandemic

$ 328,609,166

...is the estimated amount of savings on payouts realized by the car insurance companies in the 4 Canadian Atlantic provinces in 2020 because of the Covid-19 restrictions, as most drivers had to stay home large parts of the year across those provinces.

Car Claims Drop In displayInfo.name


Savings made by Canadian car insurers during restriction measures


Annual average car insurance premium


22.2% drop in car accidents across Atlantic Canada

With most Canada's provinces facing restriction measures during spring and again in autumn / winter, many Canadians living in the Atlantic provinces (New-Brunswick, Nova Scotia, Newfoundland & Labrador and Prince Edward Island) were forced to stay at home. As a consequence, many daily commutes came to a halt, meaning fewer people on the roads, and a lower probability of accidents occurring. That's confirmed by the numbers :

decrease in car accidents

...across the 4 Atlantic provinces of Canada

decrease in car-related claims

...due to low traffic on Canada Atlantic's roads

$64 million

...only in the Halifax metropolitan area

Numbers province per province

Without a surprise, among the 4 Canadian Atlantic provinces, Nova Scotia and New Brunswick are those where car insurance savings on payouts where the highest in 2020. Then follow Newfoundland and Labrador and the Prince Edward Island:

ProvincesEstimated car claims decrease in 2020Estimated savings on car insurance payouts in 2020
Nova Scotia
Newfoundland and Labrador
Prince Edward Island
2020 car insurance savings in the Atlantic provinces (HelloSafe estimates)

Halifax, on top of the cities where savings are the highest

A majority of road traffic accidents usually happen in dense urban areas. It is therefore no surprise to see that the biggest cities are those where car insurance savings on payouts have been highest:

CitiesProvincesEstimated car claims decrease in 2020Estimated savings on car insurance payouts in 2020
Nova Scotia28.1%$64,648,301
St. John's*
Newfoundland and Labrador25.1%$29,939,056
New Brunswick25.8%$21,637,661
Saint John
New Brunswick24.9%$18,199,423
New Brunswick27.8%$16,383,774
Cape Breton
Nova Scotia23.7%$13,550,469
Prince Edward Island24.1%$10,709,346
Nova Scotia22.8%$6,041,523
New Glasgow
Nova Scotia22.1%$4,414,075
New Brunswick22.5%$4,053,914
Corner Brook
Newfoundland and Labrador20.5%$3,789,378
New Brunswick23.1%$3,682,136
Nova Scotia21.3%$3,234,726
New Brunswick21.5%$2,929,150
Prince Edward Island19.9%$1,911,670
*Overall metropolitan area population taken in to account

On a national scale: 32.9% fall in car-related claims across Canada, $6.7 billion saved on payouts

As a consequence of accident numbers decreasing on the roads, the car-related claims rate has dropped by - 32,9% overall on the Canadian territory . With a 35.1% decrease rate observed, Ontario is the State where car claims have decreased the most, just in front of British Columbia (- 34%) and Quebec (- 33.6%). On the opposite, Nunavut (12%), the Northwest Territories (11.2%) and Yukon (7.8%) were less affected by the governmental restrictions, and are the regions where claims decreased the less.

Car insurance savings per province (6 most populous provinces)

Overall, insurance companies in Canada could have actually saved up to $6.7 billion thanks to the change in driving habits caused by restriction measures.


Antoine Fruchard, insurance expert and CEO at Hellosafe.ca

With most people stuck at home, their cars have inevitably stayed in the garage. Indeed, customers are inevitably questioning why they continued to pay such high insurance premiums while they weren’t able to drive. It will be interesting to see if all the insurance companies will make refunds, and which forms will take those refunds. Competition on the market should increase in the coming months, and that means customers should benefit from a slight drop in car insurance premiums. However, in certain provinces, the presence of (almost) car insurance monopolies is problematic, not allowing policyholders to benefit from a diverse offer which would result in lower premiums for them”.

Our methodology

We based our study on public information provided by reliable data-providers and several insurance partners who provided us anonymously with claims for the studied period.

About Hellosafe.ca

Hellosafe.ca is a comparison platform which is shaking up the insurance market – giving you access to the best Canadian insurance deals in less than 30 seconds. Hellosafe.ca is supported and financed by Blue, an Insurtech Venture Capital firm. Blue already owns two leaders in the French insurance comparison market, Réassurez-moi and Coover. These platforms help more than 10 million people with their insurance every year. We have developed a unique comparison technology that gives access to cover details and quotes without customers having to give their phone number or email address. This engine is the result of four years of hard work.

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