Best Car Insurance Companies in Canada
There's no denying that cars provide us with unmatchable freedom; that being said, this freedom isn't necessarily "free".
Owning a car can be rather costly — you have to cover several recurring expenses, such as fuel, maintenance and registration fees. In Canada, drivers also need to have car insurance (the level of coverage depends on your location).
Buying car insurance is no simple task. There are countless providers that drivers can choose from, all of which claim to offer the best coverage at the lowest price. In reality, the quality of coverage drastically ranges from carrier to carrier. That's why our team of Surex insurance advisors put together a list of (what we consider to be) some of the best car insurance companies in Canada.
What are the best Canadian car insurance companies?
Finding the best car insurance Canada has to offer is easier than you think — if you're looking for the perfect match, ask your Surex insurance advisor about the following providers:
*The following car insurance providers aren't listed in any particular order.*
Economical Insurance is one of the oldest car insurance providers in the country. The company recently celebrated its 150th anniversary in Canada.
With a history this lengthy, it's easy to see why Economical Insurance is such a popular choice for car coverage.
But, what about the products that Economical has to offer? We're glad you asked!
Economical Insurance offers a variety of car insurance options that can cover a long list of expenses, such as:
- Repair and replacement costs related to an accident
- Damaged windshields
- Legal fees
- Third-party damage
- Medical fees
- Theft and/or vandalism-related expenses
- Temporary transportation expenses (rental cars, car-sharing services, etc.)
- Lost wages
Not to mention, Economical Insurance also offers coverage for a variety of miscellaneous vehicles, such as:
Reach out to your Surex insurance advisor to learn more about insuring miscellaneous or off-road vehicles.
Aviva Insurance has become a household name in Canada over the past few years. This is likely due to the fact that Aviva offers quality car coverage at a fair price. In turn, you can protect yourself and your vehicle without going over your budget.
Suppose you do have room in your budget for endorsements (an insurance term for optional add-ons). In that case, you should definitely chat with your Surex insurance advisor about teaming up with Aviva.
Aviva offers a lengthy list of add-ons for drivers in Canada, some of which include the following:
- Ride-sharing/ rental car coverage
- Transportation replacement coverage
- Conviction protection
- Collision protection
- Comprehensive coverage
- Disappearing deductible
- Accident rating waiver
Contact your Surex insurance advisor to learn more about which car insurance endorsements are right for you.
Are you looking for something innovative and unique? It may be the perfect time to talk to your Surex insurance advisor about switching to Intact car insurance.
Although Intact Insurance may not have the impressive history that the other providers on the list do, they make up for it with fantastic customer service and a variety of unique products.
For instance, Intact Insurance offers a product called myDrive. For those that aren't familiar, myDrive is a unique product that tracks drivers' usage, movements and on-road habits. If you're a responsible driver, myDrive will take note of this. Safe drivers that use myDrive can save up to 25% on their auto insurance. myDrive also provides drivers with suggestions on how to improve their driving skills, which can help them save even more money down the road.
Reach out to your Surex insurance advisor to learn more about myDrive and other similar products.
There's a reason why Travelers Insurance is consistently listed as one of the top car insurance companies in Canada.
Travelers Insurance provides Canadian drivers with practically everything they could ask for — a variety of options, affordable prices and a great team that is happy to answer questions.
Not to mention, you can save even more money by bundling your car insurance policy with your home insurance coverage with Travelers Insurance. Travelers Insurance refers to this as "dual coverage".
When you purchase dual coverage, you can receive up to 17.5% off your car insurance rates and 13% off your home insurance rates. In turn, you get to take advantage of a massive amount of savings, which you're free to spend on your car, home or whatever else you please.
Don't hesitate to contact your Surex insurance advisor to learn more about the pros and cons of bundling your insurance policies.
*Travelers car insurance isn't available in Quebec, Manitoba or Saskatchewan.*
Wawanesa Insurance is another car insurance company with a lengthy history. The company has been providing drivers with coverage since 1928! Not to mention, Wawanesa is one of the country's largest and most respected providers. With a reputation like that, you can see why Wawanesa is the first choice amongst many Canadian drivers.
Like the other providers mentioned above, Wawanesa offers a variety of required and optional types of car insurance coverage to Canadian drivers. This means that you can rely on Wawanesa to provide you with quality coverage at a reasonable price.
Additionally, unlike some carriers in the Canadian car insurance industry, Wawanesa sees you as a driver, not a number on a spreadsheet. This is a prime example of how Wawanesa puts Canadian drivers' needs ahead of their own. With all that being said, it's clear why so many drivers are switching to Wawanesa.
If you're thinking about re-shopping your auto insurance policy, reach out to your Surex insurance advisor beforehand.
Do you want to save on the best auto insurance Canada has to offer?
If you want to save money on car insurance in Canada, the first thing that you should do is reach out to a member of the Surex team.
Our team of experienced insurance advisors work tirelessly in order to find the best car insurance quotes for Canadian drivers. When you team up with Surex, we can provide you with ten unique, customized car insurance quotes in ten minutes or less!