Discover the Mutual Difference

There's a difference between Mutual insurance companies and "other" insurance companies. 

As an Ontario Mutual, we believe in being there for our neighbors and lending a hand when it matters most. We believe in building better and stronger communities. We believe that our small company can provide better service. 

When you have insurance with Ayr Farmers Mutual, you are part of the difference. You are a part of putting people over profit. The focus is always on you, the Policyholder. You're not a customer, you're a member and an owner - you're part of something great! 

We invest in local sports teams, events, community projects, and other things that we hold dear. We work together. We take pride in what we do. We believe in honoring the past and knowing where we came from. Our roots run deep.

Discover the Mutual Difference today.

Refund of Premiums

Each year the Board of Directors makes certain that adequate funds remain in the Company’s surplus account to ensure current and future obligations can be met. They also consider if sufficient funds are available for the Company to continue to grow and assume additional risk each year.

When the Board of Directors is satisfied these obligations can be met, they can declare a refund from the members’ equity account.

To learn more about the Refund of Premiums, please click here.

How a Mutual Company Works

As a Mutual Company, we have two main sources of income – the premiums paid by Policyholders and our investment returns. Conversely, we also have two major costs – claim payments and operational expenses.

Premium & Investment Returns - These income sources are allocated towards the surplus, members equity, investing in the community, and refund of premiums.

Claims & Expenses - While we have control over certain premium incomes, operational expenses and investment returns, there is very limited control over the claims expenses.

A surplus ensures that we remain in a strong position for our Policyholders and that we have the ability to meet all our future obligations. As Ayr Farmers continues to grow, a larger surplus is required.




COVID-19 Notification

Wednesday, December 23, 2020

COVID-19 UPDATE: December 23, 2020 To our valued Policyholders, We continue to work at providing you the same level of service you have become accustomed to as we navigate 2020/2021 together.  At this ... Read more

Community Wellness Donation Project

Monday, October 26, 2020

We have 50,000 reasons to smile! Community is the reason Ayr Farmers Mutual exists today. A group of farmers assembled over 125 years ago to protect each other from financial losses caused by fire. ... Read more

Loss Prevention Checklist for Temporarily Unoccupied Buildings

Tuesday, April 21, 2020

This post is intended to provide you with Loss Prevention checklists to protect your temporarily unoccupied building(s) which have been ordered to close during the COVID-19 Pandemic. We have also provided a Checklist to ... Read more