Coachman InsuranceCancellation Fee Guide

Coachman Insurance Company has written non-standard auto insurance in Ontario since 1979, insuring drivers whose driving or insurance history places them outside the standard market. Since 2001 it has been wholly owned by SGI CANADA Insurance Services Ltd., a subsidiary of Saskatchewan Government Insurance, a Crown corporation of the Province of Saskatchewan. SGI CANADA reported $210.5 million in gross premiums written for its Ontario segment, which combines Coachman and SGI CANADA-branded business, for the year ended March 31, 2025; Coachman does not publish a separate customer or premium figure. Its head office is in Toronto, it operates only in Ontario, and its policies are sold exclusively through independent brokers.

For early cancellations Coachman applies its own short rate schedule: 8% of the annual premium is retained for a cancellation in the first three days, rising to 100% at day 354, with a minimum retained premium of $50. The percentages match the standard industry table on most days and are one point lower on a small number of days in the second half of the term. The example below uses a $2,400 premium; the same percentage applied to a larger premium produces a larger dollar amount.

How Coachman calculates your cancellation fee

Coachman's schedule keeps 8% of your premium for a cancellation in the first three days and rises to 100% at day 354. The percentages match the standard table on almost every day of the term, and the few that differ are one point lower. Find the row for your days in force, take the retained percentage, and subtract it from your annual premium; if the result is below $50, Coachman retains $50.

On a $2,400 policy cancelled after 90 days, Coachman keeps about 31% ($744), leaving a $1,656 refund. A pro rata refund would return roughly $1,808, so the short rate penalty here is about $152 — twice the $76 that the same 90-day cancellation produces on a $1,200 standard-market policy.

How Coachman compares

Coachman's percentages equal the standard industry table at every checkpoint: 15% retained at day 30, 31% at day 90, 54% at day 180 and 86% at day 300, against 8.2%, 24.7%, 49.3% and 82.2% under a pro rata split. At day 90 the insurers that use their own schedules retain more: Intact 34%, TD and Desjardins 36%. The full day-by-day schedule is on our short rate table.

Not every cancellation is short rate: Coachman's rules list situations that are refunded pro rata instead, such as a cancellation initiated by the insurer. The list is Coachman's own, so ask which basis applies when you request the quote.

Before you cancel

• • Minimum retained premium — Coachman keeps at least $50 on any cancellation, whatever the table percentage works out to.
• • Higher premiums, larger dollar penalties — the short rate percentages are the same as the standard table, so the dollar amount scales with the premium; the gap above pro rata is 6.8 points of the annual premium at day 30 and 3.8 points at day 300.
• • Coverage history — insurers ask for continuous-coverage history when they rate a new policy; a gap between the cancellation date and the start of the replacement policy becomes part of that history.