How to Get Cash Back on Your Economical Insurance bill

What is Economical Insurance?

Economical Insurance bills average around $150/month for a typical household. Economical is rebranding to Definity Insurance, so your bank may list the payee as either Economical Insurance or Definity Insurance; keep using whichever name your bank shows. A new policy number may not be recognized for up to 24 hours, and payments post to the account after two business days. Card payments on the website accept Visa, Mastercard and Amex but not Visa Debit or Mastercard Debit.

How to Get Cash Back on Your Economical Insurance Bill

1. Create your free Neobanc account: sign up at neobanc.com, takes about 2 minutes with instant verification.
2. Add Economical Insurance as a payee: search "Economical Insurance" in Bills. Banks and Neobanc list it as Economical Insurance / Definity Insurance.
3. Enter your policy number: Account number of 7 to 9 digits (numeric only). This is separate from the 6 to 9 digit policy number, and the account number is the reference used for payments., see below for exactly where to find it.
4. Pay with your preferred credit card: one-time or recurring. Your card earns its normal rewards; Neobanc adds cash back on top.
5. Earn cash back on every payment: cash back lands in your Neobanc balance. Withdraw it or put it toward next month's bill.

Where to Find Your Economical Insurance Policy Number

Format: Account number of 7 to 9 digits (numeric only). This is separate from the 6 to 9 digit policy number, and the account number is the reference used for payments.. Both the account number and the policy number are printed on your billing statement and policy documents; your broker can also confirm them.

Verified against www.economical.com, September 2026.

Can I Pay Economical Insurance With a Credit Card?

Yes, and it's the whole point. Most billers don't reward you for how you pay. Through Neobanc, your card earns its normal rewards and Neobanc adds 1% to 2% cash back on top. On a typical $150/month Economical Insurance bill, that's roughly $72 back per year between a 2% cash-back card and Neobanc, for the exact same bill.

The Math on Your Economical Insurance Bill

Average $150/month: a 2% cash-back card returns about $3.00/month, and Neobanc adds $1.50 to $3.00 on top, roughly $72 per year for switching how you pay, not what you pay.

How do I save the most on my Economical Insurance bill each month?

Change how you pay before what you pay. Paying by bank transfer or Pre-authorized payments (monthly bank withdrawal set up through your broker) earns nothing; the same bill through Neobanc with a cash-back card returns about $72 a year. A returned monthly withdrawal triggers a special withdrawal notice for the NSF fee, and a second returned payment in the same policy term, or a returned first payment on a new policy, may lead to cancellation depending on your province. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.