TD InsuranceShort Rate Table
Official short rate cancellation table for TD Insurance insurance policies in Canada
Last Updated: 2025-01-21
84 Rate Tiers
Calculate Your Refund
Enter your premium to see actual dollar amounts in the table below
TD Insurance Short Rate Schedule
Showing refund calculations based on $1200 annual premium
| Days in Force | Premium Earned % | Amount Earned | Refund Amount | vs Pro Rata |
|---|---|---|---|---|
| 1-4 days | 14% | $168.00 | $1,032.00 | -$159.78 (13.3%) |
| 5-8 days | 15% | $180.00 | $1,020.00 | -$158.63 (13.2%) |
| 9-12 days | 16% | $192.00 | $1,008.00 | -$157.48 (13.1%) |
| 13-16 days | 17% | $204.00 | $996.00 | -$156.33 (13.0%) |
| 17-20 days | 18% | $216.00 | $984.00 | -$155.18 (12.9%) |
| 21-24 days | 19% | $228.00 | $972.00 | -$154.03 (12.8%) |
| 25-28 days | 20% | $240.00 | $960.00 | -$152.88 (12.7%) |
| 29-32 days | 21% | $252.00 | $948.00 | -$151.73 (12.6%) |
| 33-36 days | 22% | $264.00 | $936.00 | -$150.58 (12.5%) |
| 37-40 days | 23% | $276.00 | $924.00 | -$149.42 (12.5%) |
| 41-44 days | 24% | $288.00 | $912.00 | -$148.27 (12.4%) |
| 45-48 days | 25% | $300.00 | $900.00 | -$147.12 (12.3%) |
| 49-52 days | 26% | $312.00 | $888.00 | -$145.97 (12.2%) |
| 53-56 days | 27% | $324.00 | $876.00 | -$144.82 (12.1%) |
| 57-60 days | 28% | $336.00 | $864.00 | -$143.67 (12.0%) |
| 61-64 days | 29% | $348.00 | $852.00 | -$142.52 (11.9%) |
| 65-68 days | 30% | $360.00 | $840.00 | -$141.37 (11.8%) |
| 69-72 days | 31% | $372.00 | $828.00 | -$140.22 (11.7%) |
| 73-76 days | 32% | $384.00 | $816.00 | -$139.07 (11.6%) |
| 77-80 days | 33% | $396.00 | $804.00 | -$137.92 (11.5%) |
| 81-84 days | 34% | $408.00 | $792.00 | -$136.77 (11.4%) |
| 85-88 days | 35% | $420.00 | $780.00 | -$135.62 (11.3%) |
| 89-92 days | 36% | $432.00 | $768.00 | -$134.47 (11.2%) |
| 93-96 days | 37% | $444.00 | $756.00 | -$133.32 (11.1%) |
| 97-100 days | 38% | $456.00 | $744.00 | -$132.16 (11.0%) |
| 101-104 days | 39% | $468.00 | $732.00 | -$131.01 (10.9%) |
| 105-108 days | 40% | $480.00 | $720.00 | -$129.86 (10.8%) |
| 109-112 days | 41% | $492.00 | $708.00 | -$128.71 (10.7%) |
| 113-116 days | 42% | $504.00 | $696.00 | -$127.56 (10.6%) |
| 117-120 days | 43% | $516.00 | $684.00 | -$126.41 (10.5%) |
| 121-124 days | 44% | $528.00 | $672.00 | -$125.26 (10.4%) |
| 125-128 days | 45% | $540.00 | $660.00 | -$124.11 (10.3%) |
| 129-132 days | 46% | $552.00 | $648.00 | -$122.96 (10.2%) |
| 133-136 days | 47% | $564.00 | $636.00 | -$121.81 (10.2%) |
| 137-140 days | 48% | $576.00 | $624.00 | -$120.66 (10.1%) |
| 141-144 days | 49% | $588.00 | $612.00 | -$119.51 (10.0%) |
| 145-148 days | 50% | $600.00 | $600.00 | -$118.36 (9.9%) |
| 149-152 days | 51% | $612.00 | $588.00 | -$117.21 (9.8%) |
| 153-156 days | 52% | $624.00 | $576.00 | -$116.05 (9.7%) |
| 157-160 days | 53% | $636.00 | $564.00 | -$114.90 (9.6%) |
| 161-164 days | 54% | $648.00 | $552.00 | -$113.75 (9.5%) |
| 165-168 days | 55% | $660.00 | $540.00 | -$112.60 (9.4%) |
| 169-172 days | 56% | $672.00 | $528.00 | -$111.45 (9.3%) |
| 173-176 days | 57% | $684.00 | $516.00 | -$110.30 (9.2%) |
| 177-180 days | 58% | $696.00 | $504.00 | -$109.15 (9.1%) |
| 181-184 days | 59% | $708.00 | $492.00 | -$108.00 (9.0%) |
| 185-188 days | 60% | $720.00 | $480.00 | -$106.85 (8.9%) |
| 189-192 days | 61% | $732.00 | $468.00 | -$105.70 (8.8%) |
| 193-196 days | 62% | $744.00 | $456.00 | -$104.55 (8.7%) |
| 197-200 days | 63% | $756.00 | $444.00 | -$103.40 (8.6%) |
| 201-204 days | 64% | $768.00 | $432.00 | -$102.25 (8.5%) |
| 205-208 days | 65% | $780.00 | $420.00 | -$101.10 (8.4%) |
| 209-212 days | 66% | $792.00 | $408.00 | -$99.95 (8.3%) |
| 213-216 days | 67% | $804.00 | $396.00 | -$98.79 (8.2%) |
| 217-220 days | 68% | $816.00 | $384.00 | -$97.64 (8.1%) |
| 221-224 days | 69% | $828.00 | $372.00 | -$96.49 (8.0%) |
| 225-228 days | 70% | $840.00 | $360.00 | -$95.34 (7.9%) |
| 229-232 days | 71% | $852.00 | $348.00 | -$94.19 (7.8%) |
| 233-236 days | 72% | $864.00 | $336.00 | -$93.04 (7.8%) |
| 237-240 days | 73% | $876.00 | $324.00 | -$91.89 (7.7%) |
| 241-244 days | 74% | $888.00 | $312.00 | -$90.74 (7.6%) |
| 245-248 days | 75% | $900.00 | $300.00 | -$89.59 (7.5%) |
| 249-252 days | 76% | $912.00 | $288.00 | -$88.44 (7.4%) |
| 253-256 days | 77% | $924.00 | $276.00 | -$87.29 (7.3%) |
| 257-260 days | 78% | $936.00 | $264.00 | -$86.14 (7.2%) |
| 261-264 days | 79% | $948.00 | $252.00 | -$84.99 (7.1%) |
| 265-268 days | 80% | $960.00 | $240.00 | -$83.84 (7.0%) |
| 269-272 days | 81% | $972.00 | $228.00 | -$82.68 (6.9%) |
| 273-276 days | 82% | $984.00 | $216.00 | -$81.53 (6.8%) |
| 277-280 days | 83% | $996.00 | $204.00 | -$80.38 (6.7%) |
| 281-284 days | 84% | $1,008.00 | $192.00 | -$79.23 (6.6%) |
| 285-292 days | 85% | $1,020.00 | $180.00 | -$71.51 (6.0%) |
| 293-296 days | 86% | $1,032.00 | $168.00 | -$63.78 (5.3%) |
| 297-300 days | 87% | $1,044.00 | $156.00 | -$62.63 (5.2%) |
| 301-308 days | 88% | $1,056.00 | $144.00 | -$54.90 (4.6%) |
| 309-312 days | 89% | $1,068.00 | $132.00 | -$47.18 (3.9%) |
| 313-316 days | 90% | $1,080.00 | $120.00 | -$46.03 (3.8%) |
| 317-320 days | 91% | $1,092.00 | $108.00 | -$44.88 (3.7%) |
| 321-325 days | 92% | $1,104.00 | $96.00 | -$42.08 (3.5%) |
| 326-330 days | 93% | $1,116.00 | $84.00 | -$37.64 (3.1%) |
| 331-335 days | 94% | $1,128.00 | $72.00 | -$33.21 (2.8%) |
| 336-340 days | 95% | $1,140.00 | $60.00 | -$28.77 (2.4%) |
| 341-345 days | 96% | $1,152.00 | $48.00 | -$24.33 (2.0%) |
| 346-365 days | 97% | $1,164.00 | $36.00 | --$4.77 (-0.4%) |
About TD Insurance Cancellations
- • Minimum premium retained: varies by policy
- • Processing time: 2-4 weeks for refund
- • Method: Cheque or original payment method
- • Required: Written cancellation request
Pro Rata Exceptions
TD Insurance may offer pro-rata (no penalty) cancellation for:
- • Switching to another TD Insurance policy
- • Vehicle sold with proof of sale
- • Moving out of coverage area
- • Total loss claims
Ready to Calculate Your Exact TD Insurance Refund?
Use our calculator with your specific policy dates for an accurate refund estimate
Understanding TD Insurance Short Rate Cancellations
When you cancel your TD Insurance insurance policy before its expiration date, the company uses this short rate table to calculate your refund. The short rate method ensures TD Insurance retains enough premium to cover administrative costs and the risk they assumed while your policy was active.
How to Read This Table
Find the number of days your policy was active in the first column. The "Premium Earned %" shows how much of your annual premium TD Insurance keeps. The remaining percentage is your refund, minus any outstanding amounts.
Tips for Cancelling TD Insurance Insurance
- Time it right: The penalty percentage increases significantly in the first few months. If possible, wait until closer to renewal.
- Ask about exceptions: TD Insurance may waive penalties for certain situations like financial hardship or if you're switching to another TD Insurance product.
- Get it in writing: Always request written confirmation of your cancellation date and refund amount.