The Best Car Insurance Companies In Canada (A Buyer’s Guide)

Finding the best car insurance in Canada is tough because car insurance rules, regulations and providers are different from province to province. Here we’re explaining the details so that you can find the best car insurance company in Canada for you.

So, you’re looking for the best car insurance company in Canada?

This is tricky because car insurance works differently depending on which province or territory you’re based in.

To answer simply, here are our top picks based on factors including customer satisfaction and Google rankings, ease of use, presence across Canada, and product offerings.

Now for the nitty gritty details.

In British Columbia, Manitoba and Saskatchewan, basic compulsory car insurance coverage is provided by government programs (ICBC, MPI & SGI respectively). Drivers in these provinces can purchase additional coverage from private companies.

In Quebec, where KBD operates, the Société de l’assurance automobile du Québec (SAAQ) covers minimum limits for bodily injury. Additional coverage to physically cover the car itself is purchased through private insurance companies. Throughout the rest of Canada, drivers must purchase car insurance through private companies as well.

Having said that, we could write about which company consistently offers the lowest prices, or the largest range of coverages to determine the best car insurance companies in Canada.

But prices and coverages will still differ from client to client.

So instead, in this post we’re giving you an overview of the top Canadian car insurance companies, including the coverages they offer and the regions they operate in.

That way, you can see which companies might be a good fit for you.

We also recommend checking the Google reviews of your local branch to get an idea of average customer satisfaction.

And if you’re based in Quebec or Ontario, our insurance brokers will be happy to do the shopping for you.

Just give us a call.

Skip ahead to find what you need:

• How does car insurance work in Canada?
• What does car insurance cover in Canada?
• Who has the best car insurance in Canada?
• Who has the cheapest car insurance?
• The top car insurance companies in Canada

How does car insurance work in Canada?

Car insurance in Canada operates under a provincially regulated system, so the rules and regulations vary from one province or territory to another.

Here’s a quick overview of how car insurance works throughout the different Canadian provinces:

• Ontario: Ontario has a private insurance system. Drivers are required to have mandatory coverage of $200k that includes liability, accident benefits, and uninsured motorist coverage. You can purchase additional coverage for collision and comprehensive protection. Ontario has some of the highest insurance rates in Canada for several factors, which we won’t get into today.
• Quebec: Quebec also has a private insurance system, but it’s unique because it combines auto insurance with a government-run plan called the Société de l’assurance automobile du Québec (SAAQ). The SAAQ covers bodily injury, while private insurers handle property damage.
• Alberta: Alberta follows a private insurance model with mandatory coverage that includes liability and accident benefits. Drivers have the option to purchase additional coverage for their vehicles.
• British Columbia: BC operates under a public insurance system known as the Insurance Corporation of British Columbia (ICBC). All basic coverage is provided by ICBC, but drivers can purchase additional coverage from private insurers.
• Manitoba and Saskatchewan: These provinces have government-run insurance systems. In Manitoba, it’s provided by the Manitoba Public Insurance (MPI), while Saskatchewan relies on the Saskatchewan Government Insurance (SGI). Drivers in these provinces must purchase coverage through these agencies.
• Maritime Provinces: New Brunswick, Nova Scotia, and Prince Edward Island follow a private insurance system with mandatory coverage for liability and accident benefits.

Because car insurance rules, regulations, and options change from province to province, it’s hard to name just one company as the best car insurance company in Canada.

We always recommend shopping around to see which company offers the best car insurance for your specific needs

This way, you can find the best company for you.

As brokers, we simplify this process.

Need car insurance in Quebec or Ontario?

Call us.

What does car insurance cover in Canada?

Car insurance in Canada provides coverage for various common risks.

Here are the typical car insurance coverages Canada-wide:

• Third-Party Liability Coverage: Mandatory in all provinces, this coverage pays for bodily injury or property damage you may cause to others in an accident.
• Accident Benefits: Also mandatory, this coverage provides medical and rehabilitation benefits, income replacement, and funeral expenses for you and your passengers, regardless of fault.
• Uninsured/Underinsured Motorist Coverage: Protects you if you’re in an accident with an uninsured or underinsured driver.
• Collision Coverage: Optional but advisable, it covers the cost of repairing or replacing your vehicle after a collision, regardless of fault.
• Comprehensive Coverage: Also optional, it covers non-collision incidents like theft, vandalism, or damage from weather events.
• Optional Coverages: Additional options may include rental car coverage, roadside assistance, and endorsements for customized protection.

As usual, coverage specifics can vary by province and insurance provider, so be sure to review your policy to understand the extent of your coverage.

Call us.

Who has the best car insurance in Canada?

Determining the “best” car insurance provider in Canada depends on individual preferences, needs, and circumstances.

However, several insurance companies consistently receive positive reviews and high customer satisfaction ratings for their coverage, customer service, and overall value:

• Intact Insurance: Known for its wide range of coverage options, discounts, and responsive customer service. Note: KBD works with Intact to provide home, car and business insurance in Ontario and Quebec. Call us.
• Desjardins: Offers competitive rates, comprehensive coverage, and multi-policy discounts.
• Belairdirect: Offers user-friendly online tools, customizable policies, and customer-friendly approach.
• TD Insurance: Offers a variety of coverage options, flexible payment plans, and the convenience of banking with TD Canada Trust.
• The Co-operators: Has offices throughout Canada, a strong customer service, and comprehensive coverage options.
• Aviva Canada: Known for its innovation, transparency, and a wide network of brokers.

Ultimately, the best car insurance provider in Canada will vary depending on the client, their unique needs, budget, and location.

It’s a good idea to compare car insurance quotes, read customer reviews, and consult with insurance brokers to find the insurer that aligns best with your specific requirements.

Additionally, factors like your driving history and the type of vehicle you own can impact your choice.

Need car insurance?

We can help with that.

Call us.

Who has the cheapest car insurance in Canada?

There’s no one “cheapest” car insurance provider in Canada because insurance rates are determined by individual factors.

This includes things like location, driving history, the type of vehicle, and coverage needs.

So, the cheapest option for one person may not be the same for another.

Rather than looking for the cheapest car insurance company, it’s better to look for the cheapest car insurance coverage based on your unique circumstances.

Here’s a few tips to find the most affordable car insurance:

• Compare quotes from multiple providers
• Consider discounts you may qualify for
• Tailor your coverage to your specific needs

Additionally, maintaining a clean driving record and a higher deductible can help reduce car insurance costs.

Need car insurance?

We can help with that.

Call us.

The top car insurance companies in Canada

Like we mentioned above, BC, Saskatchewan and Manitoba all have provincial government car insurance for basic coverage.

However, vehicle operators can opt to purchase additional coverages from private insurance companies if they wish.

And if you’re located in another province, you will have to purchase your car insurance through a private company.

All car insurance companies typically offer the same mandatory car insurance coverages, however some companies offer other branded insurance offerings.

In the list below, we’ve focused on companies with a presence Canada-wide so that you can find an insurer, no matter in which province you reside.

Here are the top Canadian car insurance companies to choose from (in alphabetical order):

1. Aviva Canada

Aviva Canada offers car insurance in provinces including Ontario, Alberta, British Columbia, Quebec, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador.

Aviva offers comprehensive car insurance coverage options including:

• Mandatory liability and accident benefits coverage
• Collision and comprehensive insurance
• Uninsured motorist coverage
• Endorsements like roadside assistance and rental car coverage
• & more

Visit their website for the most updated information.

2. AllState

AllState offers car insurance across Canada in provinces including Alberta, Ontario, Quebec, New Brunswick and Nova Scotia.

AllState Canada offers car insurance coverages including:

• Liability coverage
• Accident benefits coverage
• Direct compensation property damage (DCPC)
• Enhanced coverages including collision & upset
• Comprehensive
• Specified perils
• All perils
• & more

For the most up-to-date information, visit their website.

3. Belairdirect

Belairdirect operates in Canadian provinces including Quebec, Ontario, and Alberta.

In addition to the standard mandatory car insurance coverages like liability and accident benefits, they also offer optional & brand-specific coverages including:

• Accident forgiveness
• Belairdirect roadside assistance
• Autocomfort
• Replacement cost protection
• & more

Visit their website to learn more.

4. CAA Insurance

CAA provides coverage in provinces such as Ontario, Manitoba, Alberta, and the Atlantic provinces.

CAA is well known for their roadside customer assistance and member benefits, making it a popular choice for those also seeking car insurance.

CAA’s Canadian auto insurance offerings encompass:

• Mandatory liability coverage
• Accident benefits
• Collision & comprehensive
• Endorsements for added protection

Visit their website for the most updated information.

5. The Co-operators

The Co-operators Insurance offers a comprehensive range of car insurance products tailored to the specific needs of Canadian drivers.

They offer these car insurance coverages in Alberta, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Ontario, Prince Edward Island and the Yukon.

Their car insurance options include:

• Mandatory coverages
• Accident forgiveness
• Legal liability
• Family protection endorsement
• & more

Visit their website in your region to learn more.

6. Desjardins

Desjardins Insurance provides car insurance products in Canada, and operates in all provinces and territories.

Their car insurance products include:

• Mandatory liability and accident benefits
• Additional collision and comprehensive insurance

Desjardins specific coverages:

• Civil liability
• All perils
• 5-Year replacement cost
• & more

Visit their website for the most updated information.

7. Economical

Economical Insurance offers a range of car insurance products to Canadian drivers, with operations primarily in Ontario, Alberta, British Columbia, and the Atlantic provinces.

Their car insurance offerings include:

• Mandatory coverages like liability and accident benefits
• Optional protections such as collision and comprehensive insurance
• & more

As a broker, KBD partners with Economical Insurance to offer auto insurance in Quebec and Ontario.

Interested in working with Economical?

Call us.

8. iA Financial

iA Financial’s headquarters is in Quebec City, and it operates across all provinces and territories in Canada, with a strong presence in Quebec, Ontario, and British Columbia.

iA Financial offers car insurance coverages including:

• Mandatory coverages like civil liability
• Collision and upset
• All perils

iA-specific coverages:

• Automax coverage
• Replacement cost
• Claim forgiveness
• Borrowed or rented vehicles
• Travel expenses
• Individual insurance
• Roadside assistance

Visit their website for the most updated information.

9. Intact Insurance

Intact Insurance is a leading provider of car insurance products in Canada, operating in all provinces and territories across the country.

Their comprehensive car insurance options include mandatory coverage such as liability and accident benefits, ensuring compliance with provincial regulations.

Additionally, Intact offers a range of optional coverages, including:

• Collision & comprehensive
• Endorsements for added protection

KBD works with Intact Insurance to offer car insurance in Quebec and Ontario.

Interested in getting insured through Intact?

10. National Bank Insurance

National Bank car insurance offers comprehensive coverage to drivers in Quebec and New Brunswick.

Their policies include essential features like:

• Liability coverage
• Accident benefits
• Optional extras to tailor your protection

For more information contact them directly.

11. The Personal

The Personal is a car insurance provider serving individuals and employees of participating organizations across Canada.

They offer car insurance in provinces including Quebec, Ontario, and Newfoundland and Labrador.

The Personal’s car insurance options include:

• Mandatory coverage like liability and accident benefits
• Optional protections such as collision, comprehensive, and endorsements for enhanced coverage

For more information, reach out to them directly.

12. RBC Insurance

RBC car insurance provides coverage for drivers in provinces and territories across Canada.

They offer a range of protection, including:

• Liability coverage
• Accident benefits
• Comprehensive options to safeguard your vehicle

You can work with RBC no matter in which Canadian province you reside.

For more information, visit their website.

13. TD Insurance

TD Insurance is a prominent provider of car insurance products in the provinces of Ontario, Alberta, Prince Edward Island, and New Brunswick.

Their car insurance offerings include:

• Mandatory liability coverages
• Accident benefits

TD Insurance also provides optional coverages such as collision, comprehensive, and endorsements for additional protection.

For precise information on their coverage areas and product offerings contact them directly.

14. Wawanesa

Wawanesa Insurance is an established provider of car insurance products in Canada and the United States.

In Canada, they offer auto insurance coverage in the provinces of Ontario, Quebec, Alberta, and Manitoba.

Their car insurance offerings include:

• Mandatory coverage such as liability and accident benefits
• Optional protections like collision and comprehensive insurance

For detailed information on their coverage areas and products, contact them directly.

Wrap-up

So, there you have it.

Finding the best car insurance in Canada is a personalized experience.

Depending on where you live, what car you drive, and your driving history, the best Canadian car insurance company for you will vary.

If you’re looking for car insurance in Ontario or Quebec, we can help with that.

Get in touch today.

PS: Follow KBD Insurance on social media. We’re up to some cool stuff. LinkedIn, YouTube, Instagram, TikTok