Photo: Top 10 Best Car Insurance Companies With Cheap and Good Comprehensive in Canada
Top 10 Best Car Insurance Companies With Cheap and Good Comprehensive in Canada

Auto insurance is mandatory for all drivers all around the world and across Canada. Canada is a big country in regards to geography, and one thing that means is long roads and plenty of cars. There are many ways to judge car insurance companies, so you must look at several factors. To make the insurance shopping experience a little less painful, we’ve created this post to help compare some of the best car insurance companies in Canada.

Below is the list 10 best car insurance companies with cheap quotes and good services for every Canadian car owner.

Is car insurance required in Canada?

Just like in the United States, you are required to purchase car insurance if you are planning to drive in the country of Canada.

Insurance regulations are governed by a document known as the “Code of Consumer Rights and Responsibilities.”

Although car insurance is required in the country, the exact details of the type and how much insurance you need varies depending on which province you are in.

Many Types of Car Insurance in Canada

Auto insurance is required by law in every Canadian province and territory. The type(s) or coverage and the amount of coverage required vary by location.

Third-party liability: This coverage protects against losses incurred from third-party claims when you are found to be at-fault for an accident. This includes damage to someone else’s property, bodily injury or death. Your auto insurance quote will always include third-party auto insurance coverage, because it's mandatory across all provinces and territories in Canada.

Direct compensation-property damage (DC-PD): This coverage means the insurer compensates you directly when your vehicle is damaged in an accident for which you are not at fault. It covers the damage to your vehicle, its contents and the loss of use of your vehicle. Property damage coverage is mandatory in Canada, except in Alberta, British Columbia, Manitoba, and Newfoundland & Labrador.

Uninsured automobile protection: This coverage protects you if you get in an accident with someone who does not have valid insurance coverage. It can also protect you if you’re the victim of a hit-and-run.

Accident benefits: This coverage protects you from injury in a collision, whether you are the driver, a passenger, pedestrian or cyclist. There are four main types of accident benefit coverages: income replacement, medical benefits, death/funeral benefits and miscellaneous benefits.

Optional car insurance coverages

These are the optional coverages you can add to a car insurance policy. Note that in some provinces or territories, these coverages may be mandatory.

Collision coverage: This coverage protects your vehicle against damage that occurs from a collision with an object (like another car). With this coverage, your provider will pay to repair or replace your vehicle, up to its actual cash value, regardless of who is at fault. Collision insurance is not mandatory, except in Manitoba.

Comprehensive coverage: Comprehensive insurance covers non-collision damage to your vehicle, such as theft, hail, vandalism, etc. Comprehensive insurance is only mandatory in Manitoba.

Specified perils coverage: This coverage protects against damages caused by named perils, such as theft, attempted theft, explosions and natural disasters, like fire or lightning. Only perils specified by the policy are covered.

All-perils coverage: This coverage is a combination of both collision and comprehensive insurance. All perils coverage protects your vehicle from all causes of loss except those directly mentioned as exclusions in your policy. It also provides additional protection if your car is stolen or damaged by another driver.

How to define the best car insurance companies in Canada?

We can look at third-party data to help us. Independent reviewers delve deep into the roots of the system. According to JD Powers Canadian Auto Insurance Satisfaction survey, the best auto insurance company in Canada is The Co-operators Group.

However, the company for the best car insurance in Ontario and Quebec is Personal Insurance, a subsidiary of Desjardins General Insurance.

However, the customer satisfaction survey was done in 2018, and J.D. Power hasn't done a new one since.

Another way to determine the best car insurance companies in Canada is price.

Should Compare Car Insurance Quotes

A car insurance quote estimates the premium you’ll pay for a car insurance policy. The quote is calculated using the information you provide, such as your age, the car you drive, your driving history and your postal code.

You may have noticed that different insurance companies offer different rates for the same coverage. By comparing quotes, you can easily see which company is offering you the best insurance rate, based on your unique driving history and insurance needs.

Top 10 best car insurance companies in Canada

(Cheapest Quotes and Good Services)

1. Aviva Insurance Canada

2. Economical Insurance

3. SGI Canada

4. Pembridge Insurance

5. Unica Insurance

6. Onlia Insurance

7. Intact Insurance

8. CAA Insurance

9. South Easthope Mutual

10. Echelon Insurance

*****

Discounts: Most insurance companies will provide you with discounts if you meet certain criteria. For example, if you have winter tires, or if you have more than one vehicle, you may be eligible for discounts

What the the best car insurance companies in Canada?

1. Aviva Insurance Canada

Photo: policediscountoffers
Photo: policediscountoffers

Founded in 1999, Aviva Canada is a subsidiary of the UK-based insurance company Aviva. Aside from standard and optional coverage, it extends discounts that reward customers for combining their car and home insurance policies, being retired, insuring more than one vehicle, having no convictions, and staying claims-free.

Aviva Canada provides policies to more than three million individuals throughout Canada and is one of the largest insurers in the country. The company offers multiple discounts for policyholders who install an automatic emergency brake system, those who go three years without a conviction, those who are retired, and those who purchase multiple policies with the company.

Aviva Canada provides policyholders with access to multiple benefit programs such as a disappearing deductible, conviction protection, roadside assistance, a guarantee that Aviva will satisfactorily settle any claims you may have, and discounts on rental cars, hotel accommodations, and services related to the trip interruption. Aviva allows you to file a claim either online or via phone. The company does not offer any sort of app at this time. However, representatives are available to be reached by phone at all hours, every day of the week.

2. Economical Insurance

Photo: of4wd
Photo: of4wd

Economical Insurance was founded in 1871 in Berlin, or what we now call Kitchener, Ontario. Today, Economical Insurance offers home, auto, liability, agriculture, and commercial insurance. They are the 9th largest property and casualty (P & C) company in Canada. In 2016, they won the P&C insurer of the year award from the Insurance Business Awards. You can buy Economical Insurance through their direct agency, Sonnet Insurance, or from any home and car insurance brokerage.

Economical Insurance serves over 1 million Canadians.

Economical Insurance received an overall rating of four stars - five stars for discounts and optional coverages; four stars for customer service; and three stars for financial strength and prices. In most regions, Economical offers its insurance solutions exclusively through insurance brokers. Regarding customer satisfaction, it boasts four out of five stars in Ontario in the JD Power study.

Economical Insurance has insurance solutions for cars, vans, trucks, SUVs, snowmobiles and ATVs, motorcycles and mopeds, and campers and motorhomes. It offers coverage for legal fees (if being sued), damage to other vehicles, lost wages (if injured and unable to work), medical expenses, accident repairs, cracked windshields, theft and vandalism, and rental costs.

3. SGI Canada

Photo: collisionrepairmag
Photo: collisionrepairmag

Saskatchewan Government Insurance (SGI) was founded in 1945 as a provincial crown corporation. SGI Canada Insurance sells property and casualty insurance for homes, cars, farms, and businesses.

Saskatchewan Government Insurance (SGI) operates in five provinces throughout Canada: Saskatchewan, Alberta, British Columbia, Manitoba, and Ontario. SGI is a part of the Crown Corporation, which operates the Saskatchewan Auto Fund. SGI is headquartered in Regina, Saskatchewan, and employs around 2000 staff members. SGI offers numerous discounts for its clients.

Customers who have maintained an insurance policy for three years or longer with any insurance provider are eligible for a discount. Like many other auto insurance providers, the company provides discounts to policyholders with good driving records, who hold multiple vehicle insurance policies, and who bundle their home and auto insurance policies. SGI also offers discounts to retired persons and those who live on a farm and use farming as their primary method of earning an income. An SGI representative can be reached 24 hours a day, seven days a week.

4. Pembridge Insurance

Photo: personalfinancefreedom
Photo: personalfinancefreedom

Founded in 1999, Pembridge Insurance Company provides a comprehensive range of insurance products to meet Canadians’ broad range of needs at competitive prices. They sell traditional insurance products, such as auto, home, condominium, and tenant policies.

Pembridge also provides insurance coverage for specialty products, including ATVs, motorcycles, snowmobiles, and boats.

Pembridge prides itself on being a community-centered insurance provider that focuses on retaining lifelong customers. Pembridge donates to several charities such as Operation Red Nose, Women in Insurance Cancer Crusade, and the Easter Seals campaign.

The company provides auto insurance in five Provinces including Ontario, Alberta, New Brunswick, Nova Scotia, and Quebec.

5. Unica Insurance

Photo: unicainsurance
Photo: unicainsurance

Founded in 1955, Unica Insurance provides innovative niche Commercial and Personal Insurance solutions to protect VIP clients’ homes, vehicles and businesses. Delivering best-in-class insurance protection backed by a renowned claims experience, Unica allows its customers to safeguard their hard-earned assets and protect their momentum.

Unica is a subsidiary of La Capitale General Insurance, one of the largest property & casualty insurers in Canada. Our products are delivered exclusively through a network of select professional insurance brokers across Ontario.

6. Onlia Insurance

Photo: swaggermagazine
Photo: swaggermagazine

Launched in the Canadian market in 2017, Onlia Insurance offers customers coverage for their automobiles and homes (including condo and renters insurance) on a modern, flexible basis.

Based in Toronto, Ontario, Onlia is a fully digital insurance company that claims to be bringing the industry into the 21st century with flexible coverage and quick, all-online quotes. Onlia offers a home and auto policies to customers across Canada.

Although the company is relatively new, Onlia the brainchild of some established names in the industry. It’s a joint venture of Fairfax Financial Holdings Limited and Achmea Canada Holding Inc., a subsidiary of the Netherlands’ largest insurance group.

When they purchase a policy online, customers of Onlia Insurance can expect:

-A range of available discounts that makes Onlia’s home and auto coverage more affordable

-No “hidden” fees for cancellations, insufficient funds, or other reasons

-Broad coverage that takes into account most or all of the hazards a policyholder could encounter at home or on the road

7. Intact Insurance

Photo: intactfc
Photo: intactfc

Intact Financial Corporation ranked third with an overall rating of four stars. It also gained five stars for financial strength; four stars for prices and discounts and optional coverages; and three stars for customer service. However, it received average customer service ratings based on region, with four stars in the Atlantic region, three stars in Quebec and Ontario, and two stars in Alberta.

Intact is one of the largest providers of P&C insurance in Canada and specialty insurance in North America – with more than 13,000 employees who support over five million clients in Canada and the US. Its vehicle insurance line offers coverage for cars, motorcycles, RVs, ATVs and snowmobiles, and boats.

Intact Insurance also has a “my Drive” program that rewards the policyholder for driving safely and provides personalized tips to improve driving habits. Aside from the standard plans, it offers coverage for Uber drivers and Turo car-sharing services.

8. CAA Insurance (Canadian Auto Association)

Photo: caasco
Photo: caasco

CAA (Canadian Auto Association) began in 1913 with the company created as a federation of eight existing auto clubs. The company is now the most prominent auto association in Canada and supports 6.2 million customers.

CAA’s main offices are located in Toronto, with over a hundred branches spread across Canada. A standard CAA insurance policy protects you from liability, medical bills, and uninsured drivers.

CAA provides vehicle insurance to over six million Canadian citizens. The company offers multiple discount programs to members. These discounts apply to those who hold multiple vehicle policies with CAA, participate in the CAA Connect program, or install snow tires on their vehicles. The CAA connect program rewards members who drive their vehicles safely. The company monitors participants’ driving by providing them with a small device that they attach to their cars, which monitors their driving habits. CAA also offers a Forgive and Forget plan, which allows drivers to receive forgiveness for their first at-fault vehicle accident. CAA has an app that stores members’ insurance information. Members can also use the app to contact the company directly, ask for roadside assistance, find nearby gas stations, and research quotes for a new vehicle battery.

9. South Easthope Mutual

Photo: southeasthope
Photo: southeasthope

South Easthope Mutual Insurance was founded in 1871 by local farmers and exists today to provide members with insurance ‘at-cost’. This means, the premiums you pay cover our costs – operating the business and paying claims. We are a financially stable company and when possible, we provide our property members with a premium refund.

South Easthope Mutual provides personalized insurance service, meeting our members’ needs in Southwestern Ontario. Our policyholders are our members, and they take great pride in being our owners. That’s what makes us strong. Your needs are our priority. Loyalty to the communities we serve is ingrained in our culture. When we work together, we all succeed, building stronger communities. That’s why we are here for you – today and tomorrow.

10. Echelon Insurance

Photo: echelonpc
Photo: echelonpc

Echelon Insurance was founded in 1998 and became a member of the CAA Club Group family in 2019. As a leading specialty insurer, Echelon works closely with our broker partners to provide Personal and Commercial insurance solutions to protect Canadian families and businesses.

Echelon specializes in specialty insurance, such as for high-risk drivers, motorcycles and vintage cars and motorcycles.

Echelon Insurance may be a good fit for customers that fall outside the regular market due to driving record, vehicle, or other considerations that make it difficult to acquire or afford insurance, such as if you have:

-A specialty vehicle, such as an exotic car, a sports car, or a collectible

-Multiple accidents or claims on your insurance record

-Lapses in coverage

-A business in construction, food, and hospitality, or other high-risk industry

-Any other factor that may cause you to face higher premiums

While Echelon has its own specialized products and underwriting process, it saves money by not employing in-house agents; its insurance products are available solely through a limited number of select insurance brokers with whom they partner.

Buying Direct vs Using a Search Platform

Once you know what you need in terms of auto insurance in Canada, it’s easy to go online and find a quote. There are two different ways to get an auto insurance quote: The first is to go directly to the auto insurance provider and get a quote from them. The second is to use an insurance search platform. Both have their pros and cons.

Going direct is a good way to potentially save money via bundling if the insurance company is one you already use for other vehicles and/or your home insurance. If not, you may want to consider using the same insurance provider for multiple needs, since they may offer you that bundled service. Loyalty can be used to your advantage when looking for better deals, and keep in mind that some auto insurance companies offer discounts if you’re part of an association or if you’re a graduate of a certain college or university.

That being said, by only approaching one company, you may not be getting the best deal available to you, even if you do get a deal for bundling. This is where the insurance search platforms come in handy, as they allow you to search for quotes from all of their partners at the same time, which gives you more choices.

There is no right or wrong way to go about shopping for auto insurance, it depends on your loyalty and how much work you are willing to put into shopping around for the best rates.

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