Compare Insurance Quotes in Canada

Insurance is an important form of financial protection for individuals and businesses. It is available in several forms, but its essence is the same. You receive protection from loss or threats you may encounter for your car, house, business, and other types of insurance, in exchange for paying a premium.

Insurance is a contract between you and your insurance provider. It's in the form of a policy. This outlines the types of protection you have and the perils you are protected against, up to your policy limits. How much you pay and the types of threats you have protection against will vary based on your plan details.

The Government of Canada defines insurance as:

“Insurance is a contract, called a policy, between you and an insurance provider, under which you can be compensated for certain losses. You pay a fee called a premium. In exchange, the insurance company agrees to pay you a certain amount of money if the event you are insured against happens during the term of the policy.”

Insurance can be mandatory or optional, and you can customize it to serve your specific purpose. For example, auto insurance is a requirement in all provinces to drive. You need car insurance in Toronto, Vancouver, Calgary, and any other city you call home.

Home insurance is not mandatory, but if you have a mortgage, the lender will require coverage.

Business insurance may be required based on your industry and business type. Life and travel insurance are optional but are recommended. So, your need for insurance depends on the product.

The concept of insurance is simple. You make payments in exchange for financial protection against certain risks and threats. You pay an insurer, who then agrees to pay you (or beneficiaries) in the event of a loss event.

The amount of money you are entitled to will depend on your insurance plan and other details in your insurance contract.

However, how insurance works can differ slightly based on where you live. For example, the rules for car insurance in Ontario are different from those in other provinces. The same is true for home insurance in Ontario. All types of policies have unique distinctions that make them slightly different depending on the province and insurer.

Everyone is inherently exposed to some level of risk. Insurance can provide you with protection in many areas of your life.

If you drive, there is a risk of a car accident, theft, or damage to your vehicle. Businesses and homeowners are at risk of damage from storms, break-ins, and liability issues if someone is injured on their property.

There are many other unforeseen events, threats, and risks you need to protect yourself against. Insurance provides you with protection against common threats and perils. Insurance provides you with:

• Protection for you and your family: Insurance helps protect you and your family when driving, relaxing at home, travelling, and in many other situations.
• Financial security: Insurance helps protect you financially if damage is caused to your property, belongings, or vehicle. Rather than fully paying out of pocket, your policy will cover some or all the costs related to a claim.
• Reduced risk, liability, and loss: Insurance provides you with risk management. It protects you against life’s uncertainties.
• Peace of mind: Life can be stressful. Insurance gives you peace of mind, knowing you are covered if something unforeseen happens. Protect the life you’ve built with a strong insurance plan.

Yes. The insurance industry is regulated at the federal and provincial levels. Rules and regulations vary based on where you are in the country, including minimum and mandatory coverage requirements.

Each province has a regulating body that oversees insurance companies and brokers. For example, Ontario has the Financial Services Regulatory Authority of Ontario (FSRAO) and Alberta has the Alberta Automobile Insurance Rate Board (AIRB).

You can get an insurance quote online or by phone in a few minutes. Tell us what you need to protect, whether that is your car, home, business, or a specialty policy, and a licensed advisor compares quotes from our insurance partners. There is no cost and no obligation to buy.

Start with car insurance quotes, home insurance quotes, or business insurance quotes, or call us and one team handles all of it.

Yes. Insurance quotes through ThinkInsure are completely free, and there is no obligation to buy. You can compare your options, ask questions, and take the information with you. We only place coverage once you decide it is the right fit for your situation.

Insurance quotes vary because each company weighs risk differently and prices the same coverage in its own way. That is why comparing matters. As a licensed brokerage, ThinkInsure shops your coverage across our insurance partners so you can see competing quotes side by side and get the right protection at a competitive rate.