Top 5 Car Insurance Companies in Canada offering trusted coverage, competitive rates, and exceptional customer service to protect you and your vehicle on the road.
Car insurance is a necessary expense for any driver in Canada. It protects you should anything happen to your vehicle, and covers the costs of damage to other vehicles if you’re involved in an accident. But with so many providers offering seemingly similar coverage, how do you know which insurer is best for you? Here are five of the top car insurance companies in Canada along with some information on what they can offer.
Here Are The Top 5 Car Insurance Companies in Canada
1. Intact Insurance
Intact Insurance is quite simply one of the largest auto insurers in Canada, with over 200 years of experience. As you can imagine, when it comes to covering all possible damages related to cars and driving habits, Intact offers a wide range of coverage types. Users looking for basic protection from accidents (to your vehicle or those vehicles around you), theft or natural damage (e.g., hail) need look no further. It should be noted that special common-sense policies for specific cases are available as well, such as accident forgiveness—protecting drivers after their first accident from facing higher rates due to claims records. Furthermore, not only do they give discounts for safe drivers but also by combining insurance on multiple items owned — including home insurance.
2. TD Insurance
TD Insurance is a household name, especially with TD being one of Canada’s largest banks. TD offers car insurance that covers the basics like third-party liability and accident benefits which are mandatory by law but they also offer additional coverage options to protect your car from collision or other mishaps. Something cool about TD is their Auto Centers where if you find yourself in an accident you can get your car fixed at one of their shops. They also provide discounts for things like safe driving and bundling different types of insurance together (Money.ca) (HelloSafe).
3. Co-Operators Insurance
Co-Operators Insurance Co-Operators Insurance has a long track-record of providing Canadians with insurance since 1945, and known for their cooperative style of business, the company partners with a network of licensed insurer agencies at locations all over Canada. They provide all of the standard auto insurance policy features one would expect to find, with the addition of some like accident forgiveness and an opportunity to save money by bundling different insurances together. For people that prefer to talk face-to-face or on the phone as opposed to online lines-in-a-box purchasing tools like Sonnet or CAA’s feature you stay in touch with customer service representative who you are able contact through phones which is generally older folk like that part (Money.ca).
You Might Also Like: Top 5 Popular Life Insurance Stocks To Watch In Canada
4. CAA Insurance
CAA (Canadian Automobile Association) is well known for providing drivers with roadside assistance, but they also provide car insurance. CAA’s car insurance includes all of the typical coverages such as liability and collision, but they also offer comprehensive coverage which covers your vehicle from things like theft or vandalism. If you’re a member of CAA you are able to receive discounts on your car insurance. They also give rewards for safe driving and have an amazing customer service team that will assist you with any questions (HelloSafe).
5. Sonnet Insurance
Sonnet is a new car insurance company in Canada, but it’s already getting lots of attention for how simple it is. With Sonnet, everything’s online, meaning you can get a quote, adjust your coverage, add or remove drivers and even file a claim from the comfort of your own computer or phone. They have three different coverages to choose from (basic, enhanced and comprehensive), as well as discounts for things like putting winter tires on your car and bundling your vehicle insurance with other types of insurance (Money.ca).
It’s important to choose the right car insurance company because it will save you a good amount of money and also give you peace of mind. In Canada, some of the best options are Intact, TD Insurance, Co-operators Insurance, CAA Insurance and Sonnet. They all offer a combination of traditional customer service along with modern online ease and options to customize your coverage. Whether you want basic or something more comprehensive – these companies have got it.