About Economical Insurance company
Economical Insurance was founded in Kitchener (traditionally known as Berlin), Ontario, in 1871 by a group of citizens who wanted to help their neighbours if there was even a disaster. They were initially called Economical Mutual Fire Insurance Company.
Over the years, they purchased Langon Insurance, Perth Mutual, and Western General. This allowed them to begin to offer home, car, group, agriculture and business policies. In 2021, they completed the demutualization of Economical Mutual Insurance Company and the initial public offering (IPO) of their new parent company, Definity Financial Corporation.
Helping over one million Canadians, Economical Insurance prides itself on outstanding customer service – they boast a 92% customer satisfaction score in post-claim surveys.
Economical offers a 24-hour emergency assistance line. Once you call in a claim, an approved contractor will get to work right away on your repairs. You can get an on-site car rental pick-up at a Certified Economical Repair Facility.