Economical Insurance
Pay your Economical Insurance premium by credit card.
Put your Economical Insurance premium on your credit card. Chexy pays Economical by bank payment with your account details, and you collect your card’s rewards.
$2B+
bills processed
200K
Canadians on Chexy
$40M
rewards earned
How to
How to pay your Economical Insurance premium by credit card
1
Sign up for Chexy
Create your account and verify your identity. It takes a few minutes.
2
Find Economical Insurance
Search for Economical Insurance in Chexy and enter the account or policy number from your billing statement.
3
Enter the amount and pick your card
Enter what you owe and when it’s due. You see the fee before you confirm.
4
Chexy pays Economical
Economical gets an ordinary bank payment, and you collect your card’s rewards.
What you can pay
What you can pay
Your Economical policy
Your home or car premium, paid to Economical by bank payment.
- Your premium. The amount on your billing statement.
- Recurring payments. Schedule it once and every payment goes out on time.
1.75% per payment on Canadian-issued cards, 2.5% on international cards. Shown before you confirm.
Timing
When Economical Insurance gets paid
- 4 business days before it’s due
- Chexy charges your card.
- By the due date
- Chexy sends the payment to Economical Insurance by bank payment.
Example
What paying your Economical Insurance premium by card can earn
A $250 premium
On a 3% cashback card you earn
$7.50
Chexy’s 1.75% fee is $4.38, so your card is charged $254.38.
Illustrative estimate. Assumes the selected reward rate applies to all included payments. Before card annual fees and interest. Card eligibility and earning caps apply.
Paying your Economical Insurance premium by credit card: questions
Can I pay Economical Insurance with a credit card?
Yes, through Chexy. Your card is charged and Economical gets an ordinary bank payment with your account details.
What number do I enter?
The account or policy number on your Economical billing statement.
When is my card charged?
4 business days before the due date you set, so the payment reaches Economical on time.
What does it cost?
1.75% of the payment on Canadian-issued cards (2.5% on international cards), shown before you confirm.
Does Economical need to sign up?
No. Economical receives an ordinary bank payment in the amount you entered, on the date you scheduled.
The fine print
- If you have more than one policy, set up a separate Chexy payment for each, with its own number.
- American Express works only when you pick the insurer from Chexy’s search bar; Visa and Mastercard work either way.
- Rewards are set by your card issuer, not by Chexy.
- Chexy accepts Visa, Mastercard and American Express credit cards in your name. Prepaid cards aren’t supported. Some categories (mobile, internet, gym and car leases) need Visa or Mastercard, and for utilities and taxes American Express works with eligible billers only. Logos show accepted networks, not an endorsement.
Sources: What bills can I pay with Chexy? · How much does Chexy cost? · Supported cards. Economical Insurance is not affiliated with Chexy.
Also: Pay your Equitable Life premium by credit card · Pay your Sun Life premium by credit card · Pay your Manulife premium by credit card · Pay your Canada Life premium by credit card · Pay your CMPA fees by credit card · Pay your iA Financial Group premium by credit card · Pay your Intact Insurance premium by credit card · Pay your RBC Insurance premium by credit card · Pay your belairdirect premium by credit card · Pay your Aviva premium by credit card · Pay your Co-operators premium by credit card · Pay your ICBC premium by credit card · All payees
Put your Economical Insurance premium on your card.
1.75% per payment on Canadian-issued cards, 2.5% on international cards