TD InsuranceCancellation Fee Guide
Official short rate table and cancellation fee calculator for TD Insurance (TD Meloche Monnex) policies
TD Insurance is one of Canada's largest direct-to-consumer insurance providers. They use the standard short rate table for early cancellations, with penalties typically ranging from 10-15% above pro-rata.
How to Cancel
- 1Call TD at 1-866-361-2311
- 2Have your policy number ready
- 3Specify your cancellation date
- 4Confirm the refund amount
- 5Request written confirmation
Refund processing: 5-10 business days. Cheque refunds may take 2-4 weeks.
Enter your premium to see dollar amounts below
TD Insurance Short Rate Schedule
Based on $1200 annual premium
| Days in Force | Earned % | Amount Earned | Refund |
|---|---|---|---|
| 1–4 days | 14% | $168.00 | $1,032.00 |
| 5–8 days | 15% | $180.00 | $1,020.00 |
| 9–12 days | 16% | $192.00 | $1,008.00 |
| 13–16 days | 17% | $204.00 | $996.00 |
| 17–20 days | 18% | $216.00 | $984.00 |
| 21–24 days | 19% | $228.00 | $972.00 |
| 25–28 days | 20% | $240.00 | $960.00 |
| 29–32 days | 21% | $252.00 | $948.00 |
| 33–36 days | 22% | $264.00 | $936.00 |
| 37–40 days | 23% | $276.00 | $924.00 |
| 41–44 days | 24% | $288.00 | $912.00 |
| 45–48 days | 25% | $300.00 | $900.00 |
| 49–52 days | 26% | $312.00 | $888.00 |
| 53–56 days | 27% | $324.00 | $876.00 |
| 57–60 days | 28% | $336.00 | $864.00 |
| 61–64 days | 29% | $348.00 | $852.00 |
| 65–68 days | 30% | $360.00 | $840.00 |
| 69–72 days | 31% | $372.00 | $828.00 |
| 73–76 days | 32% | $384.00 | $816.00 |
| 77–80 days | 33% | $396.00 | $804.00 |
| 81–84 days | 34% | $408.00 | $792.00 |
| 85–88 days | 35% | $420.00 | $780.00 |
| 89–92 days | 36% | $432.00 | $768.00 |
| 93–96 days | 37% | $444.00 | $756.00 |
| 97–100 days | 38% | $456.00 | $744.00 |
| 101–104 days | 39% | $468.00 | $732.00 |
| 105–108 days | 40% | $480.00 | $720.00 |
| 109–112 days | 41% | $492.00 | $708.00 |
| 113–116 days | 42% | $504.00 | $696.00 |
| 117–120 days | 43% | $516.00 | $684.00 |
| 121–124 days | 44% | $528.00 | $672.00 |
| 125–128 days | 45% | $540.00 | $660.00 |
| 129–132 days | 46% | $552.00 | $648.00 |
| 133–136 days | 47% | $564.00 | $636.00 |
| 137–140 days | 48% | $576.00 | $624.00 |
| 141–144 days | 49% | $588.00 | $612.00 |
| 145–148 days | 50% | $600.00 | $600.00 |
| 149–152 days | 51% | $612.00 | $588.00 |
| 153–156 days | 52% | $624.00 | $576.00 |
| 157–160 days | 53% | $636.00 | $564.00 |
| 161–164 days | 54% | $648.00 | $552.00 |
| 165–168 days | 55% | $660.00 | $540.00 |
| 169–172 days | 56% | $672.00 | $528.00 |
| 173–176 days | 57% | $684.00 | $516.00 |
| 177–180 days | 58% | $696.00 | $504.00 |
| 181–184 days | 59% | $708.00 | $492.00 |
| 185–188 days | 60% | $720.00 | $480.00 |
| 189–192 days | 61% | $732.00 | $468.00 |
| 193–196 days | 62% | $744.00 | $456.00 |
| 197–200 days | 63% | $756.00 | $444.00 |
| 201–204 days | 64% | $768.00 | $432.00 |
| 205–208 days | 65% | $780.00 | $420.00 |
| 209–212 days | 66% | $792.00 | $408.00 |
| 213–216 days | 67% | $804.00 | $396.00 |
| 217–220 days | 68% | $816.00 | $384.00 |
| 221–224 days | 69% | $828.00 | $372.00 |
| 225–228 days | 70% | $840.00 | $360.00 |
| 229–232 days | 71% | $852.00 | $348.00 |
| 233–236 days | 72% | $864.00 | $336.00 |
| 237–240 days | 73% | $876.00 | $324.00 |
| 241–244 days | 74% | $888.00 | $312.00 |
| 245–248 days | 75% | $900.00 | $300.00 |
| 249–252 days | 76% | $912.00 | $288.00 |
| 253–256 days | 77% | $924.00 | $276.00 |
| 257–260 days | 78% | $936.00 | $264.00 |
| 261–264 days | 79% | $948.00 | $252.00 |
| 265–268 days | 80% | $960.00 | $240.00 |
| 269–272 days | 81% | $972.00 | $228.00 |
| 273–276 days | 82% | $984.00 | $216.00 |
| 277–280 days | 83% | $996.00 | $204.00 |
| 281–284 days | 84% | $1,008.00 | $192.00 |
| 285–292 days | 85% | $1,020.00 | $180.00 |
| 293–296 days | 86% | $1,032.00 | $168.00 |
| 297–300 days | 87% | $1,044.00 | $156.00 |
| 301–308 days | 88% | $1,056.00 | $144.00 |
| 309–312 days | 89% | $1,068.00 | $132.00 |
| 313–316 days | 90% | $1,080.00 | $120.00 |
| 317–320 days | 91% | $1,092.00 | $108.00 |
| 321–325 days | 92% | $1,104.00 | $96.00 |
| 326–330 days | 93% | $1,116.00 | $84.00 |
| 331–335 days | 94% | $1,128.00 | $72.00 |
| 336–340 days | 95% | $1,140.00 | $60.00 |
| 341–345 days | 96% | $1,152.00 | $48.00 |
| 346–365 days | 97% | $1,164.00 | $36.00 |
Tips to Minimize Penalties
- • Wait until renewal if it's within 30 days — it may be cheaper than cancelling early
- • Ask about pro-rata — TD may waive penalties if you're selling your vehicle or moving provinces
- • Check bundle impact — cancelling one policy might affect your multi-policy discount on others
Need a different insurer? Try our universal calculator
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