Looking to insure your car, and would like to know the best car insurance companies in Canada? Then, you’ve come to the right place. Welcome to Project Insurance, P.I, Canada Edition🍁
There’s no denying that buying and maintaining a car can be expensive. Purchasing a car adds to your list of expenses and automatically exposes you to financial risks and problems. This makes purchasing insurance for your automobile important.
Regardless of how careful you claim to drive or how professional you are at driving, you need to have your car insured.
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Some would consider buying car insurance as an unnecessary expense and would rather avoid it. However, it saves you money in the long run because insurance reduces your chances of running into a financial crisis.
For example, several people park their cars in front of their houses or a restaurant, and it somehow gets damaged. Your years of experience don’t guarantee the safety of your car.
In many countries like Canada, car insurance is in fact regarded as mandatory as long as you own a car. Even without it being a law, it’s just reasonable to have your car insurance.
There are several insurance companies in Canada with different prices, offers, and levels of protection.
Selecting an insurance company isn’t a really simple task and as we all know, most people would rather go for the cheaper options. However, selecting an insurance company shouldn’t be based on just pricing. Their customer service, programs, discounts, and rewards should all be considered.
In this guide, we have put together and will share with you the best car insurance companies in Canada. Well then, let’s take a look at these companies.
Best Car Insurance Companies In Canada
Here are the best car insurance companies you can find in Canada. These companies are ranked in no particular order.
1. Aviva
Aviva is an insurance company that offers insurance for properties like car insurance, house insurance, motorcycle insurance, life insurance, etc. Aviva is a UK-based insurance company but has subsidiaries in both Canada and Ireland.
Aviva Canada car insurance offers standard and optional coverages like automobile accidents, conviction protection, collision protection, comprehensive coverage, temporary vehicle replacement, etc. Also, they offer shared-ride coverage insurance to Lyft riders.
Another perk Aviva offers is their auto-insurance discounts for retirees, people who insure more than a vehicle, people who have a clean driving history with no convictions, and people who bundle their home and car insurance policies.
Key Takeaways:
- Auto-insurance discount to retirees, no convictions, people insuring more than one vehicle, and people bundling their home and car insurance.
- Partnership with Lyft riders to offer shared-ride coverage.
- Visit http://www.aviva.com
2. Allstate
Allstate insurance company provides different types of insurance like home insurance, life insurance, motorcycle insurance, car insurance, etc. They offer great discount rates, with about 16 discount offers that help to reduce costs.
They offer standard insurance coverages like medical payment coverage, liability coverage, roadside coverage, rental reimbursement coverage, collision coverage, custom equipment coverage, comprehensive coverage, etc.
Allstate insurance company also offers Mexico tourist car insurance. This insurance covers the US and Canadian drivers who are on a trip to Mexico and can last for up to a year.
Key Takeaways:
- About 16 discount offers to help reduce cost
- Mexico tourist car insurance policy for drivers on a trip to Mexico
- Visit https://www.allstate.com/
3. Sonnet
At number 3, we have Sonnet insurance company. They offer varieties of insurance like car insurance, home insurance, pet insurance, landlord insurance, tenant insurance, and condo insurance.
They offer standard insurance coverages like accident benefits, liability coverage, collision coverage, accident forgiveness, and optional coverages like rental vehicle coverage, ticket forgiveness, roadside assistance, etc.
Sonnet offers nice discount prices to retirees, multiple vehicles, group discounts, individuals with clear driving records, no tickets, claim-free, etc. Also, their online tools make it easy to buy insurance online.
Key Takeaways:
- Discount prices for retirees, individuals with clean records, multiple vehicle insurance, group discount, etc.
- Easy online purchase of insurance policies via a digital platform.
- Visit https://www.sonnet.ca/
4. Belairdirect
Belairdirect is a subsidiary of Intact insurance, headquartered in Toronto, Canada. They have an overall rating of 4 stars and offer awesome insurance packages. Belairdirect has also been commended for its amazing customer service.
They offer standard coverage insurance plans like liability coverages that cover bodily injury and property damage, direct compensation, uninsured motorist coverages, and accidents benefits.
Also, they offer optional coverages like roadside assistance, collision insurance, accident forgiveness, auto-comfort, and comprehensive insurance.
Belairdirect offers an auto-merit program that rewards policyholders based on tier driving habits with a 10% discount for just signing up to the program and a 15% discount for driving less than 10,000km in a year. Basically rewards you for being a good driver.
They also offer amazing discounts to policyholders that bundle home and vehicle insurance purchased multiple vehicle insurance policies, and have a clean driving record. Apart from these, they offer nice rates to groups who seek insurance.
Key Takeaways:
- Auto-merit program that rewards driving habits
- 10% discount for signing up for the auto-merit program and a 15% discount for driving less than 10,000km
- Amazing customer service
- Visit http://www.belairdirect.com
5. Economical Insurance
With over 150yrs insurance properties for Canadians, Economical insurance is one of the best and most trusted insurance companies in Canada, and for good reason. They are also known for their good customer service.
Economical insurance offers different types of insurance coverage for vehicles like motorcycles, trailers, off the road cars, ATVs, SUVs, etc.
Economical insurance covers expenses like 3rd party damages, medical fees, rental costs, car-sharing services, legal fees, theft and vandalism, lost wages, and accident repairs.
They also offer amazing discounts to policyholders with clean driving records, to groups, retirees, renewal discounts, anti-theft discounts, multiple vehicle insurance discounts, good student discounts, etc.
Key Takeaways:
- Amazing discount to policyholders
- Good customer service
- Visit http://www.economicalgroup.com
6. RSA Insurance
RSA insurance is one of the top insurance companies in Canada with an A+ rating on Better Business Bureau and an A rating on AM Best. They have operations in Canada, Ireland, and Scandinavia, and are headquartered in London.
They offer personal insurance policies to their policyholders like auto insurance for all kinds of vehicles, and property insurance for houses, condos, etc. Also, they offer commercial insurance policies for small and medium-sized businesses and mid-market enterprises.
RSA insurance company offers attractive benefits and reward miles to their policyholders like rewards for regular premium payments. Also, they offer a claim protection plan to their policyholders which protects them from an increment in premium after their first blameworthy accident and a lifetime repair guarantee.
Apart from all these, they have a reward program that allows their policyholders to redeem their reward miles for accommodation, travel vouchers, car rental services, etc.
Key Takeaways:
- Attractive benefits and rewards for regular premium payments
- Claim protection and lifetime repair guarantee
- Reward programs that allow policyholders to redeem their reward miles
- Visit http://www.rsagroup.com
7. Intact Insurance
Intact insurance made it on this list because of their awesome insurance products and discounts which they offer policyholders. They are among the largest insurance companies in Canada.
They offer both standard and optional insurance packages with awesome discount rates. Their auto insurance coverage includes collision and upset coverage, comprehensive coverage, All perils coverage, and specific peril coverage.
Also, they feature a “My drive” program that rewards their policyholders based on how responsible they drive or their habits on the road. The app tracks the driver’s habits on the road and gives them access to a 20% discount on their auto insurance. It also gives them tips on how to be better drivers.
In addition to this, they offer a driving green and save program that awards policyholders with electric or rechargeable cars with up to a 20% discount on their auto insurance policy.
Key Takeaways:
- My Drive app tracks and rewards policyholders for responsible driving habits
- Rewards policyholders with electric cars
- Different discounts offer
- Visit http://www.intact.ca
8. TD Insurance
TD Insurance is regarded as one of the leading insurance companies in Canada. They are also among the top insurance companies with the best affordable prices. They offer different programs that help to save on auto insurance plans.
Their auto insurance coverages include liability, direct compensation, uninsured automobile coverage, accidents benefits coverage, comprehensive, special perils coverage, collision or upset, accident forgiveness, all perils, rental car coverage, etc.
They offer discount rewards to policyholders bundling car and home insurance, multiple vehicles, and clean driving records. Also, they have an app called MyAdvantage app which analyzes your driving habits and helps you save up to 20% on auto insurance for good driving habits.
Key Takeaways:
- Affordable auto insurance prices
- Offers different programs that help to save
- MyAdvantage app analyzes driving habits and helps to save
- Visit http://www.tdinsurance.com
9. The Co-operators
Here we have an insurance company with generally positive reviews and feedback because of their excellent insurance products and customer service. The Co-operators has been regarded as the best from several customer reviews.
They offer auto insurance coverages like accidents benefits, liability, uninsured automobile coverage, loss of use, family protection endorsement, Direct Compensation for Property Damage, limited waiver of depreciation, and even allow the purchase of additional coverage for components installed in your automobile.
They offer auto-insurance policies for all kinds of vehicles, and you can get an estimate for your vehicle on their website.
Also, they offer amazing discounts for bundling two or more insurance policies, group insurance, individuals with clean driving records, more than one vehicle insurance, etc.
They have a special program named the En-route auto program which uses a wireless device to analyze your driving habits like acceleration, distance, etc. Responsible or good driving habits for a year make you qualified for up to about a 25% discount off your auto insurance.
Key Takeaways:
- Great customer service and positive reviews
- The en-route auto program qualifies you for a discount reward of up to 25% for responsible driving habits
- Amazing discount rates
- Visit http://www.cooperators.ca
10. Desjardins
For the final insurance company on our list, we have Desjardins. With over 60yrs in business, Desjardins insurance company is regarded as one of the biggest insurers in Canada.
Desjardins is even regarded as one of the best options for new car owners because they offer different types of amazing discounts to their policyholders.
They offer standard auto-insurance coverages like accident benefits, uninsured automobile coverage, 3rd party liability coverage, collision and upset, family protection, direct compensation for property damage, and comprehensive coverage.
Also, they have optional coverage options that offer a $0 deductible option, 5-year new vehicle protection, vehicle replacement, accident-free protection, and liability for damage to non-owned automobiles.
However, they offer insurance to only Canadians that reside in Ontario, Alberta, and Quebec.
Key Takeaways:
- A great insurance company for new car owners
- Plenty of discounts and benefits for policyholders
- Visit http://www.desjardinsgeneralinsurance.com
Frequently Asked Questions
What Are The Best Auto Insurance Companies In Canada?
There are several auto insurance companies in Canada with great discount offers, programs, levels of protection, and amazing customer service.
The Co-operators, Desjardins, Economical Insurance, Aviva Insurance, RSA Insurance, and Belairdirect are among some of the best auto insurance companies you can find in Canada.
What Is The Best Car Insurance Company In Alberta?
The Co-operators is among the leading auto insurance companies in not just Alberta but in all of Canada. They offer great insurance products and services with amazing discounts and prices.
What Is The Best Car Insurance Company In Ontario?
In Ontario, you can find some of the best car insurance companies like Desjardins, Intact, Aviva, Allstate, Economical insurance, Sonnet, Belairdirect, etc. These names are some of the best auto insurance companies not just in Ontario, but the whole of Canada.
What Is The Best Auto Insurance Company In Quebec?
The Co-operators, TD insurance, Allstate, and Aviva are some of the best auto insurance companies you can find in Quebec, Canada. They all offer amazing discount rates, programs, levels of protection, prices, and customer service.
Conclusion
That’s all on our best car insurance companies in Canada. We hope you found this guide helpful. Please ensure to let us know if you have any comments, questions, or contributions.
