List Of Top Canadian Insurance Companies
There is no shortage of car insurance companies to choose from when shopping for insurance in Canada. The list of insurance companies is a long one. While most people are familiar with the biggest insurance companies, you have more options than you think.
Learn about the top Canadian insurance companies and some things to consider when choosing a company and getting coverage.
What Should You Look For When Choosing An Insurance Company?
Which are the best insurance companies? Which insurance companies should you get insurance with? Which insurance companies in Canada offer the cheapest rates? Which are the top property and casualty insurance companies in Canada? These are all questions to consider when exploring your insurance options. They are also questions we can help you answer.
Here are some things to look for when comparing insurance companies :
- Reputation with current and past customers
- Reviews and ratings
- Variety of insurance products and services offered
- Cheap insurance rates and discounts
- Customer service
- Your current insurance needs
No two Canadian insurance companies are the same, and there will be pros and cons to each. The important thing to keep in mind is how well they meet your insurance requirements.
An insurance expert can help you find the best insurance company. Then can help you understand the benefits of the coverage and policies and the insurance companies that make the most sense for your insurance needs.
What Do Top Insurance Companies In Canada Have In Common?
Getting coverage from top insurance companies is a priority for most. We want our coverage to be with the top rated insurance companies so we can have peace of mind in knowing were covered, and we have the support of a good company if we need to file a claim or adjust our policy.
Here is a list of some of the things top insurance companies have in common :
- Great reviews online : What other customers have to say about an insurer can tell you a lot about the company. Top insurance companies have great online reviews.
- A strong reputation : Top insurers have a strong reputation. You have likely heard of the company and brand, and people have positive things to say about the company.
- Top quality customer service : The best insurance companies prioritize customer service. They are available when you need they, they are helpful, and they provide you with multiple ways to connect with them.
- Convenient coverage options : Top insurers offer a wide variety of coverage options. Some offer specialized coverage for a particular type of insurance product.
Who Regulates Insurance Companies In Canada?
As outlined by the Office of the Superintendent of Financial Institutions :
“OSFI regulates and supervises federally regulated life insurance companies (including branches, foreign subsidiaries, fraternal and mutual companies) and their subsidiaries, and federally regulated property and casualty insurance companies (including branches, foreign subsidiaries, and mutual companies) and their subsidiaries.”
Insurance Company FAQs
We get many questions about inusurance companies in Canada. Here are some of the top frequently asked questions we get.
There is not one specific insurance company that is cheaper than the rest. It depends on the type of car insurance policy you need. Comparing quotes with our insurance experts is the quickest and easiest way to find the cheapest insurance company.
Insurance companies make money on the policies they sell. They make a percentage of profit on each policy. Percentages can vary by insurer. Insurance companies often invest their profits in low risk investments to generate additional revenue.
Yes. Insurance companies have the right to deny coverage. They can deny coverage requests, claims, and choose to not renew your insurance policy.
It depends on the insurer. Generally, most insurance companies do not work on weekends. However, a 24/7 claims service is available if you need to open a claim.
Insurance companies typically keep your insurance claims, driving records, and other information on file for 6 years. During this time, claims, accidents, and other information can affect your insurance rates.
Yes. You have the right to cancel your insurance policy. However, you may be subject to a cancellation fee. Speak with your insurer to find out specific information related to canceling your policy.
Yes. Insurance companies can increase your premiums upon renewal. Rates can increase for many reasons including the cost of doing business, fraud, high claims costs, and other factors.
Insurance companies can deny claims for many reasons. Commonly, claims are denied because the claim is invalid, you do not have the right coverage, or fraud or deceit is suspected.
Canadian Insurance Companies
Aviva Canada is one of the country’s leading providers of property and casualty insurance. They provide home, auto, recreational vehicle, group, and business insurance coverage solutions and are known for their excellent customer service.
Intact Insurance is Canada’s largest provider of business and personal insurance coverage, offering car, home and business insurance from coast to coast. Serving more than 4 million Canadians, it is a trusted name in the insurance industry and is known for its outstanding service and 30-minute claim guarantee.
Founded in 1871, Economical Insurance is one of the most reputable insurance providers in Canada. It is one of the top providers of property and casualty insurance, offering a wide range of coverage for commercial, personal, farm and surety insurance products and services.
Travelers Insurance provides Canadians with high quality personal and business insurance solutions. A licensed Canadian insurer that includes the Dominion of Canada General Insurance Company, St. Paul Fire and Marine Insurance Company, and Travelers Insurance Company of Canada, it’s known for its diverse insurance solutions and specialization in underwriting, risk control, and claims.
Founded in 1896 after the community where it was founded – Wawanesa, Manitoba – the company provides insurance solutions and coverage for commercial businesses, farms, and individuals. Known for its excellent service, wide range of insurance products and excellent claims service, it has served countless Canadians over the years.
Pembridge Insurance Company is known for its broker services. Since 1999, it has provided Canadians across the country with a comprehensive range of home and auto insurance products to meet your diverse needs. With more than 200 brokers across the country, getting insurance coverage through Pembridge is quick and easy.
SGI Canada was founded in 1944, originally as a provincial crown corporation in Saskatchewan. The company’s mandate was to provide affordable insurance protection to the people, and SGI has continued this promise. In 1980, through a change in The Automobile Accident Insurance Act and The Saskatchewan Government Insurance Act, SGI Canada was formed.
A subsidiary of La Capitale General Insurance, one of the largest property & casualty insurers in Canada, Unica Insurance has proudly serviced the insurance interests of Canadians since 1955. Based out of Mississauga, the company offers innovative insurance solutions that protect the interests of Canadians and Canadian businesses. Unica is Dependably Canadian.
For more than 25 years, Pafco Insurance has offered options to drivers who have had difficulty getting insurance. Specializing in non-standard car insurance coverage, it helps people with poor driving records, coverage lapses, and a history of accidents get insurance and rebuild their insurance record.
If you are having trouble getting car insurance in Ontario, then Jevco Insurance is an option worth considering. Specializing in non-standard auto insurance coverage, for more than 30 years they have provided drivers with specialized car insurance, as well as coverage for motorcycles, commercial automobiles, commercial property, and surety through Intact Insurance.
Established in 1979, Coachman Insurance Company, and later purchased by SGI in 2001, specializes in property and casualty insurance products. Selling their products primarily through their broker network, this small company that is based in Toronto is known for its dependability and variety of home and auto insurance coverage options.
Echelon insurance is a specialty casualty and property insurance company in Canada as well as in Europe. The company specializes in high risk auto insurance and other non-standard speciality lines of insurance coverage.
Dating back to the late 1800s, The Commonwell Mutual Insurance Group specializes in providing insurance solutions to residents in Ontario. It takes pride in taking a unique approach to offering insurance solutions for home, auto, and business insurance coverage, creating policies that are made right for you.
Established in 1989, Premier Group of Insurance Companies is a collection of Premier Marine Insurance Managers Group (WEST) Inc., Premier Canada Assurance Managers Ltd., and Oceanic Underwriters Ltd. offering a wide selection of specialty insurance coverage including boat, professional liability, construction, environmental, and amateur sports coverage for businesses and individuals.
Creechurch Underwriters is one of Canada’s top Managing General Underwriters. They specialize in underwriting for technology, health, life science and sporting risk and also offer insurance solutions for professional and management liability, cyber and privacy as well as umbrella liability coverage. They work exclusively through Canadian insurance brokers.
Founded in 1967, Berkley Canada is dedicated to providing responsive, creative, and secure insurance solutions. Specializing in commercial insurance coverage, they offer reliable services areas from insurance expertise, quotation, policy issuance and claims services.
Formerly ESR, Markel Canada Insurance has provided specialized insurance to individuals and organizations since 1966. In addition to having a strong reputation for underwriting, the company is also known for its coverage for professional liability, environmental liability, general liability, marine, and cyber risks insurance coverage options.
Offering insurance in Canada for more than 50 years and part of one of the world’s largest insurance organizations, AIG Insurance offers a comprehensive range of insurance products for individuals and for businesses. AIG Canada is dedicated to providing innovative insurance products, underwriting expertise and uncompromising claims service.
ENCON Group Inc. offers a number of insurance products for individuals, organizations, professionals and businesses in Canada. The company specializes in professional liability and construction insurance, and they also offer policies for group and retirement benefits. With ENCON, you get experience on your side.
For more than 85 years, Chubb Insurance Company of Canada has provided high quality property and casualty insurance solutions for Canadians, offering business and personal insurance coverage. They have developed a strong reputation domestically and internationally because of their dedication to fairness and integrity when providing customer service.
Chieftain Insurance, which is now part of Travelers Insurance Canada, provides simplified insurance coverage exclusively in Ontario. Its standard insurance policies are ideal for people seeking insurance at competitive rates for auto, home, condo, and tenant insurance.
Now part of Economical Insurance, Perth Insurance offers homeowners and drivers with an alternative to high risk markets. They are a Canadian leader in property and casualty insurance, and through Economical, offer a high level of customer service for their range of insurance products.