For a driver, it is necessary to have car insurance, especially in Canada, since it is mandatory. One of the essential steps to lessen the costs of insurance money and save money is to shop around. This article introduces some companies that are considered the best companies in 2021 based on reviews. We recommend you to read the full article because the best or the cheapest company might not be the best option for you.
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Top 10 Car Insurance Companies in Canada
1-Aviva
Aviva received an overall rating of four stars:
- Five stars for prices.
- Four stars for financial strength and discounts, and optional coverages.
- Two stars for customer service.
Aviva is U.K. based company and was founded in 1999. It’s one of the largest insurance companies in Canada. This company offers a 2% discount for new clients, and if you have a hybrid car, you can have a 10% discount. This company also providers discounts for customers who bundle up and get their car and home insurance on one policy, or insure more than one car on the same policy. Having a good driving history and staying claim-free also help you get a discount from this company. Aviva company is the best option for Lyft drivers. But unfortunately, according to J.D. Power’s customer satisfaction study, it only got two starts in Ontario, Quebec, Alberta, Atlantic regions of Canada.
2-Belairdirect
Belairdirect is in the top 5 companies in Canada with four stars altogether:
- Five stars for financial strength.
- Four stars for customer service, prices, and discounts, and optional coverages. Its customer service department scored.
- Four stars in Ontario and three stars in Quebec.
This company was originated in Ontario and Quebec in 1955, which means over 65 years of service, and it is slowly spread through Canada. It’s the best company for Uber drivers and car-owners with low mileage. This company offers a 10% discount to new clients and a 15% discount to clients with low mileage (less than 10,000 km per year).
3-Desjardins Insurance
Desjardins Group got four stars overall:
- Five stars for financial strength, prices, and discounts, and optional coverages.
- Three stars for customer service. Its customer service received three stars in Quebec.
Desjardins insurance company is highly recommended for new car owners because it offers various discounts and optional coverages. For example, you can choose not to pay deductible at all or a five-year new vehicle protection plan. You can check their website to know what coverages they offer or call their customer service department; they are available Monday to Friday, 8:00 a.m. to 8:00 p.m.
4-Economical Insurance
Economical insurance received a rating of four stars:
- Five stars for discounts and optional coverages.
- Four stars for customer service.
- Three stars for financial strength and prices.
In most regions of Canada, Economical offers its policies exclusively through insurance brokers. As for customer satisfaction, it got four stars in Ontario, according to the J.D. Power study.
This insurance company was established in 1871, and it is highly rated for its customer satisfaction, discounts they offer, and optional coverages. Economical insurance headquarters is located in Ontario. Economical customer service is available 24/7.
It’s interesting to know that Economical Insurance has insurance solutions for cars, vans, trucks, motorcycles and mopeds, snowmobiles and ATVs, SUVs and campers, and motorhomes.
5-Intact Insurance
Intact insurance company is ranked third with a rating of four out of five stars:
- Five stars for financial strength
- . Four stars for prices and discounts and optional coverages.
- Three stars for customer service.
Although, 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 insurance company has over, 13000 employees supporting more than five million customers in Canada and U.S. (in North America, to be exact). And besides ensuring cars and motorcycles, it provides snowmobiles, boats, R.V.s, and ATVs.
This company has an app named “My Drive” which rewards the user for driving safely and provides personalized tips to improve their driving habits. Aside from all this, it offers coverage for Uber drivers and Turbo car-sharing services.
6-RSA Group
RSA Group received a rating of four stars altogether:
- Four stars for customer service, financial strength, and discounts and optional coverages.
- Three stars for prices.
Similar to Economical Company, RSA only provide quotes through insurance brokers. RSA also has an Air Miles reward program that allows policyholders to redeem their reward miles for things like concert tickets, accommodation, rental car services, travel vouchers, and other leisure products.
The interesting thing about RSA is that it has a claims protection plan and lifetime repair guarantee. The claims protection plan guarantees that the customer’s premium will not increase after their first at-fault accident.
7-Sonnet
Sonnet, overall, received a rating of four stars :
- Five stars for discounts and optional coverages.
- Four stars for customer service.
- Three stars for financial strength.
- Two stars for prices.
Sonnet was the very first fully online home and auto insurance company in 2016. With its online tools, Sonnet’s user-friendly website allowed users to generate quotes in 5 minutes, making it a perfect choice for customers who prefer making transactions at home. The company’s optional coverages include discounts, forgiveness, bundle, and so many more options you can check out on their website.
8-T.D. Insurance
T.D. Insurance gained an overall rating of four stars:
- Five stars for prices.
- Four stars for financial strength and discounts, and optional coverages.
- Three stars for customer service. (except for the Atlantic region, which gained four stars)
Among the top 10 car insurance providers in the country, TD Insurance is the cheapest car insurance option, with a $56 rate for a full coverage policy in Montreal.
T.D. insurance is one of the largest direct-response insurance groups in Canada and offers the lowest prices. The company offers good discounts, optional coverages, and a highly rated customer service department. Their website is very user-friendly. You can check it out for more information.
9-The co-operators
Overall, the co-operators received a rating of five stars:
- Five stars for customer service as well as discounts and optional coverages.
- Four stars for prices.
- Three stars for financial strength.
The Co-operators Group is clearly the clear winner among car insurance providers in the country. But it must be mentioned among all its branches in Canada, the Ontario, Alberta, and the Atlantic regions have the most satisfied customers.
It has over 6,000 employees and over 5.8 million policyholders. Its financial solutions focus mainly on property and casualty (P&C) insurance, life insurance, brokerage, and institutional asset management.
10-The personal insurance
This company gained a rating of five stars:
- Five stars for customer service, prices, and financial strength.
- Three stars for discounts and optional coverages.
Personal Insurance took second place in rankings; it is highly rated in Quebec and Ontario, receiving five and four stars. Despite positive comments from its customers, the company couldn’t make it to the top spot due to its limited availability as it provides coverage only to its associated companies.
Thank you for taking the time and reading this article. Please leave a commonet and share your opinions and experiences with us and if you have any questions don’t hesitate to ask.
