8 Car Insurance Companies Currently Operating In Canada
Just moved to Canada and you are searching for car insurance companies currently operating? Well, search no more! After a careful research, we have come up with compilation of car insurance companies located in Canada. Browse through them all and make a choice.
Below here are 9 car insurance companies currently operating in Canada:
1. Intact Insurance:
Intact Insurance is a Canadian property and casualty insurance company. It is the largest provider of property and casualty insurance in Canada and has a strong presence in the United States as well. The company offers a range of insurance products, including automobile, home, business, and commercial insurance. It also provides specialized insurance for a variety of industries, such as construction, transportation, and energy.
Intact Insurance was founded in 1809 and has its headquarters in Toronto, Ontario. The company has a network of brokers and agents across Canada and the United States, and it is known for its strong financial stability and customer service.
Intact Insurance has received various awards and recognition for its performance, including being named as one of Canada’s Top 100 Employers and one of the Best Employers in Canada by Forbes magazine.
2. TD Insurance:
TD Insurance is a Canadian insurance company that provides a wide range of insurance products to individuals and businesses across Canada. The company was established in 1953 as a subsidiary of TD Bank Group and is headquartered in Toronto, Ontario.
TD Insurance offers a range of personal insurance products including auto insurance, home insurance, life insurance, health insurance, travel insurance, and pet insurance. The company also provides commercial insurance products such as liability insurance, property insurance, and business interruption insurance to small and medium-sized businesses.
TD Insurance has a strong online presence, offering customers the ability to purchase and manage their insurance policies online. The company also has a network of over 1,000 advisors across Canada who can provide personalized advice and support to customers.
In addition to its insurance products, TD Insurance offers a range of tools and resources to help customers make informed decisions about their insurance coverage. These include online quotes, insurance calculators, and helpful articles and guides.
3. Aviva Canada:
Aviva Canada is one of the largest insurance companies in Canada, providing a wide range of personal and commercial insurance products and services. The company was founded in 1835 and has a long history of providing innovative insurance solutions to Canadians.
Aviva Canada offers a comprehensive range of insurance products, including home, auto, recreational vehicle, business, and travel insurance, among others. They also offer specialized insurance products such as cyber insurance, drone insurance, and equipment breakdown insurance.
The company has a strong focus on digital innovation and has developed a number of tools and services to help customers manage their insurance needs online. This includes an online customer portal that allows customers to view and manage their policies, file claims, and access other insurance-related information.
Aviva Canada is committed to sustainability and has developed a number of initiatives to reduce their environmental impact, including promoting green building practices, reducing paper usage, and implementing recycling programs.
Co-operators is a Canadian insurance and financial services cooperative. It was founded in 1945 by a group of farmers who came together to create a mutual insurance company to protect each other’s farms from risk. Today, the Co-operators Group Limited is a national organization that offers a range of insurance products, wealth management, and financial planning services to individuals, businesses, and communities across Canada.
The Co-operators is unique in that it is a cooperative, meaning it is owned and governed by its members who are also its policyholders. This structure allows the organization to prioritize the needs and interests of its members, rather than shareholders, in decision-making.
The organization has over 5,500 employees and more than 630,000 members, who collectively own and control the organization. The Co-operators is also committed to sustainability and social responsibility, with initiatives in areas such as climate change, community development, and youth education.
5. Desjardins Insurance:
Desjardins Insurance is one of the largest insurance companies in Canada, offering a wide range of insurance products and services to individuals and businesses. Desjardins Insurance is part of the Desjardins Group, which is the largest cooperative financial group in Canada.
Asides Car Insurance, Desjardins Insurance provides other insurance products. Namely:
- Home Insurance: Desjardins Insurance provides coverage for homeowners, condominium owners, and tenants. This includes protection for the physical structure of the home, personal belongings, and liability coverage.
- Life Insurance: Desjardins Insurance offers a range of life insurance products, including term life insurance, universal life insurance, and critical illness insurance.
- Health Insurance: Desjardins Insurance provides a range of health insurance products, including dental insurance, extended health care coverage, and travel insurance.
- Business Insurance: Desjardins Insurance provides insurance solutions for small and medium-sized businesses. This includes coverage for property, liability, business interruption, and more.
Desjardins Insurance prides itself on its customer service and has a network of insurance advisors across Canada to assist customers in finding the right insurance products to meet their needs.
6. Economical Insurance:
Economical Insurance is a Canadian property and casualty insurance company based in Waterloo, Ontario. The company was founded in 1871 and has since grown to become one of the largest insurance providers in Canada.
Economical offers a wide range of insurance products, including auto, home, commercial, and farm insurance. The company serves customers through a network of independent insurance brokers across Canada.
In 2019, Economical announced its plan to demutualize and become a publicly traded company. The demutualization process is expected to be completed in 2022.
Economical is committed to corporate social responsibility and has implemented several initiatives to support the communities in which it operates. The company has also received numerous awards and recognition for its customer service and employee engagement.
7. RBC Insurance:
RBC Insurance is a subsidiary of the Royal Bank of Canada (RBC) and is one of the largest insurers in Canada. RBC Insurance offers a wide range of insurance products, including life, health, home, auto, travel, and business insurance.
Life insurance policies offered by RBC Insurance include term life insurance, universal life insurance, and whole life insurance. Health insurance products include critical illness insurance and long-term care insurance. Home and auto insurance policies are also available and can be customized to meet individual needs.
RBC Insurance also offers travel insurance for individuals traveling outside of Canada, as well as group travel insurance for companies and organizations. Business insurance products include liability insurance, property insurance, and business interruption insurance.
In addition to their insurance products, RBC Insurance also offers financial planning services, including retirement planning and investment management.
RBC Insurance provides a comprehensive range of insurance products and financial planning services to meet the needs of individuals, families, and businesses.
8. Sonnet Insurance:
Sonnet Insurance is a Canadian digital insurance company that offers home and auto insurance policies. The company was founded in 2016 and is headquartered in Toronto, Ontario.
Sonnet Insurance operates as a direct-to-consumer platform, allowing customers to purchase and manage their policies entirely online. The company’s website and mobile app provide a user-friendly interface for customers to get quotes, purchase policies, and file claims.
In addition to traditional home and auto insurance policies, Sonnet also offers specialty insurance products, such as travel insurance, pet insurance, and coverage for high-value items.
The company prides itself on its use of advanced technology to simplify the insurance process for customers. For example, Sonnet’s online quote process uses a chatbot to gather information from customers and provide accurate pricing information. The company also uses artificial intelligence and machine learning to identify potential fraud and streamline claims processing.
Overall, Sonnet Insurance aims to provide a modern and convenient insurance experience for Canadian customers, with a focus on transparency, affordability, and excellent customer service.
These are just some of the car insurance companies operating in Canada. It’s important to compare policies and rates from different providers to find the one that best meets your needs and budget.