Everything to Know About Finding the Best Car Insurance Companies in Canada

Key Takeaways  

• With over 100 insurance companies in Ontario, it's crucial to compare options based on coverage, prices, reputation, and available discounts to find the best car insurance companies for your needs. 
• All motorists in Ontario are required to have vehicle insurance that includes mandatory coverages, such as third-party liability and accident benefits, with severe penalties for non-compliance. 
• Utilizing an insurance broker can simplify the process of obtaining quotes and provide personalized advice, ensuring that customers get the best policy suited to their requirements. 
• It's important to examine what each auto insurance policy covers and assess the value of coverage offered, as low premiums may come with insufficient protection. 
• Many insurance companies provide various discounts that can significantly lower insurance costs, making it essential for customers to inquire about available savings. 
• Morison Insurance brokers can help navigate the claims process, ensuring that customers receive timely support and guidance during potentially stressful situations. 
• When considering a change in car insurance providers, customers should consult an insurance broker to ensure a smooth transition and avoid penalties, while comparing similar coverage options to find a better deal. 

Find Out More About the Best Car Insurance Companies Ontario Has to Offer 

Auto insurance is a must in Ontario. All motorists in the province are required by law to have vehicle insurance, and there are severe penalties for not having it. There are several auto insurance coverages that every driver is required by law to have in Ontario. The mandatory coverages on a standard auto insurance policy include third-party liability, accident benefits, direct compensation property damage, and uninsured automobile protection, and you must be able to provide proof of insurance to register a vehicle. 

But auto insurance can be complicated and confusing. There is a lot to think about, like different types of coverages, endorsements, prices, and industry jargon, and it can be a confusing and important decision to be made. There are also so many insurance companies to choose from, with different coverage options available. How do you choose the right car insurance company for your needs? This is why an insurance broker can be your port of calm when you are looking for auto insurance quotes for drivers. Our Morison Insurance expert will handle the hard work for you and ensure you get that perfect policy from one of the best car insurance companies in Canada. 

How Many Car Insurance Companies Are There? 

There are more than 100 insurance companies in Ontario that sell auto insurance. Many of these insurance companies work with insurance brokers who provide advice, assistance, and competitive quotes to people looking for insurance protection. By working with a broker, customers can review several insurance policy options and prices from several companies with the help of an insurance expert, and the customers get to choose the policy that best suits them. 

Insurance companies in Ontario are regulated by the Financial Services Regulatory Authority of Ontario. The Office of the Superintendent of Financial Institutions regulates most property and casualty insurance companies at the national level. 

What to Know About Comparing and Finding the Best Car Insurance Company in Canada for You 

When comparing the numerous car insurance companies in Ontario, consider factors such as a company’s reputation, insurance coverages, deductibles, endorsements, service levels, prices, and car insurance discounts. Some people may think Ontario’s car insurance companies are pretty much the same. This may be because the industry is regulated by the Financial Services Regulatory Authority of Ontario. Insurance companies, in fact, operate in the private sector, and there are differences among them. 

What to Consider When Comparing Coverage and Rates From Auto Insurance Companies 

• Insurance Coverage: Coverage matters. It is the protection you are buying in your auto insurance policy. Always examine your coverage when you compare insurance quotes. Know what is covered by your policy and what is not. While all insurance companies will provide you with required coverage such as mandatory accident benefits coverage and direct compensation for property damage, some companies offer optional coverage and additional policies to customers that may be better suited to your needs than others. 
• Insurance Prices: This is always an important consideration, as insurance prices do vary and you want to make sure the insurer you choose offers solid value in return for premiums. Consider the cost in terms of what coverages are being offered, not just what the average auto insurance premium is. A low-priced policy with no additional coverage may leave you without the right insurance for your lifestyle. 
• Value: The value of insurance is in the coverage it provides. Make sure you are getting the protection you need for physical damage, liability and more. When comparing average rates or quotes from several auto insurance industry companies to determine the best value, be sure you are comparing quotes with similar coverages, add-ons, deductibles, and endorsements. Essentially, this means comparing apples to apples, not apples to oranges. An insurance broker can help with this. 
• Reputation: Buy insurance from an insurance company with a solid reputation. Does the company have good service and a good claims record? An insurance broker can help here, too. 
• Discounts: Are there discounts available to lower your insurance costs? Insurance companies provide discounts based on numerous rating factors. Get as many discounts as you qualify for. 

Benefits of Using an Insurance Broker to Get Coverage and Compare Car Insurance Quotes 

• Several Quotes: Insurance brokers will get you several quotes so you can choose the insurance company, policy, and price you want. 
• Advice: Insurance brokers will explain important details about auto insurance to help Canadian drivers make an informed decision. 
• Knowledge: Insurance brokers know car insurance. They are trained and licensed to sell auto insurance in Ontario. 
• Excellent Customer Service: This is important. We have all had experiences like this: We buy something, and everything seems perfect; however, we later find out the service is not good. Maybe we are left on hold on the phone for what seems like forever. The customer is a number, not a person. In fact, nothing is personal or helpful. This is NOT the case with an insurance broker. Brokers provide friendly, prompt, and personal service. 
• Claims: We hope you never have to make a claim; however, bad stuff does happen. If you have a claim, you want to be well looked after. Claims can be complicated and stressful. Insurance brokers help their customers deal with insurance companies to resolve claims quickly and fairly. 

Who Are the Best Car Insurance Companies in Canada? 

Morison Insurance proudly partners with the best insurance companies for car insurance including Aviva, Intact, CAA, Economical, Wawanesa, and more! Below are profiles of more than a dozen insurance companies that sell auto insurance in Ontario. Here are some facts that apply to all of the insurance companies listed below: 

• Variety of property and casualty insurance products 
• 24/7 claims service 
• Variety of payment options 
• Solid reputation in the Ontario insurance industry 

Aviva Canada 

Aviva Insurance Canada is one of Canada’s largest general insurance companies and has been around for more than 300 years. With their head office in Markham, Ontario, Aviva provides insurance for a variety of insurance products. Their promise is “insurance made simple.” They also run the Aviva Community Fund, which has contributed more than $6.5 million to 220+ communities across Canada. A current focus for Aviva is making Canada’s roads safer.  

Some other reasons why Aviva is one of the best car insurance companies include the following: 

• Disappearing Deductible Coverage: Aviva will reduce an auto insurance customer’s deductible every year the customer does not have a claim. 
• Conviction Protector: This coverage helps a driver avoid paying higher insurance rates if they get a minor driving conviction, such as a speeding ticket. 
• Accident Forgiveness Coverage: With accident forgiveness coverage, if you get in your first accident, your car insurance rates will not go up and you avoid a bad driving record. This applies even if you were at fault in the accident. 
• Bundled Home & Auto Insurance: If you bundle your home and auto insurance with Aviva, you will receive an additional $1 million in excess liability coverage.
• Many Discounts: Retiree discount, multi-line discount, out-of-town student discount when more than 100 km from home, winter tire discount, green vehicle discount, and more. 

CAA 

CAA Insurance is sold through insurance brokers. Brokers represent CAA Insurance to provide auto and home insurance. CAA Insurance dates back to 1974. CAA, formerly the Ontario Motor League, has a century-long history in Canada. CAA gives back to communities by supporting charitable organizations and has raised more than $1 million for its charities. There is an app available through CAA that offers roadside assistance, insurance information and more. 

Some other reasons why CAA is one of the best insurance companies for car insurance include the following: 

• Good Drivers: Those who have been continuously insured and claims-free for 20 years are recognized with a 20-star rating and receive savings on their insurance. 
• The CAA My Pace Program: This is aimed at low-mileage drivers and permits them to “pay as they drive.” It is for those who drive fewer than 9,000 kilometres annually. The less you drive, the more you can save. 
• CAA Connect: This is a technology-based program that tracks a driver’s personal driving habits to calculate personalized discounts. If you are a safe driver, you can save up to 15 % on your auto insurance. 
• Forgive and Forget Protection: This helps good drivers protect their clean driving record. In the event of a first at-fault accident, the driver can maintain a clean driving record with the company despite the accident. 
• Many Discounts and Savings: Bundled auto and home, conviction-free discount, hybrid discount, underage driver away at school and more than 100 km, retiree discount, and more. Additionally, when a customer purchases CAA Insurance, CAA members get savings of up to 20%. 

Chubbs 

Chubbs Insurance offers bespoke insurance products for high-value homes, valuables, and vehicles. It is one of the best car insurance companies in Ontario due to its extensive product options and luxury auto program, Masterpiece auto insurance, which includes original equipment manufactured (OEM) parts, your choice of mechanic or body shop, 24/7 emergency services, worldwide rental car coverage, loss of use coverage, agreed value coverage, and much more. 

Some other reasons why Chubb is one of the best insurance companies for car insurance include the following: 

• Agreed Value Coverage: Chubb policyholders can set their car’s agreed value at the time of the policy issuance. Should the car be stolen or need to be replaced due to an insured accident, Chubb will pay that amount, ensuring sufficient funds to cover the cost of the high-value vehicle. 
• High Coverage Limits: Because they specialize in high-value products, Chubb provides some of the highest liability limits available, including up to $10 million for auto liability and $1 million for uninsured or underinsured motorist protection. 
• High Customer Satisfaction: Chubb policies are personalized to the driver, including for collector vehicles. Their dedication to quality means they receive fewer customer complaints when compared to other insurance companies of similar sizes. 

Economical 

Economical Insurance is one of Canada’s leading property and casualty insurance companies. Working with insurance brokers to provide home, auto, business, and farm insurance plans. They promise to make insurance better and simpler. Economical Insurance was founded in 1871, and its headquarters are in Waterloo, Ontario. Economical provides more than $1 million in donations and sponsorships annually to charities and causes. Its goal is to make a positive difference in communities. Economical has more than 600 claims professionals and provides 24-hour emergency service. It has an 89% customer satisfaction score in post-claim surveys. 

Some other reasons why Economical is one of the best car insurance companies include the following: 

• Driving Record Protector: If you are eligible for the driving record protector, your first chargeable accident in the last six years will not affect your premium on renewal. 
• Waiver of Depreciation: When you purchase a waiver of depreciation when insuring a brand new vehicle, you are covered for the full purchase price or the manufacturer’s suggested retail price (whichever is lower) should your vehicle be stolen or damaged beyond repair for up to 5 years. 
• Conviction-Rating Protection: This provides protection in the event of a minor conviction, so a driver’s clean driving record is not affected and they can avoid the cost of claims. 
• Many Discounts: Conviction-free driver, accident-free, renewal discount, experienced driver, installed anti-theft device, bundled insurance, more than one car insured, and more. 

Edge Mutual 

Edge Mutual has been serving the insurance needs of Ontario residents for over 135 years, but its extensive experience isn’t the only reason it is one of the best insurance companies. With a stable presence in the farm insurance market, its commitment to transparency and open and honest communication with its customers makes it stand out as an excellent choice for a personal property insurer. 

Some reasons why Edge Mutual is one of the best car insurance companies in Canada include: 

• Mutual Ownership Model: Because they’re owned and operated by their policyholders, this ensures they’re committed to a customer-first approach and fosters an understanding of transparency and trust 
• Claims Handling: Because fewer claims are assigned per insurance adjuster, it ensures a more personalized approach to the claims process. 
• Community Support: Due to its roots as a farm insurer, Edge Mutual actively supports rural communities in Ontario through its charitable initiatives and environmental efforts. 

Gore Mutual 

Gore Mutual Insurance is the oldest property and casualty insurance company in Canada. It was founded in 1839, and its head office is located in Cambridge, Ontario. Gore Mutual’s insurance protection is sold by insurance brokers. The company promises a blend of savings and coverage on its insurance products. Gore provides insurance coverage for a variety of products. Gore Mutual was recognized as a top employer in Waterloo in 2020 and was named the best insurance company by the IBAO (Insurance Brokers Association of Ontario) in 2014. The Gore Mutual Foundation was created in 1998 and has helped more than 700 charities across Canada and delivered a $42 million social return on investment. 

Some other reasons why Gore Mutual is one of the best car insurance companies include the following: 

• Accident Forgiveness: Gore offers coverage to protect a driver’s good driving record and forgives the driver's first at-fault collision. If you are not able to drive your car, you may claim the expenses of a rental car. 
• Occasional Driver: If you have a driver aged 25 or less who is away at school (often referred to as underage and occasional), discounts are available. There is no distance requirement. 
• ClaimCare: Gore’s claims advisors guide a customer through a claim. The same advisor serves the customer through the process to file claims. They provide an immediate answer to questions about coverages and your claim, as well as how it could impact future claims. The Claims Tracker process keeps you and your insurance broker up to date every step of the way. Gore notes it has a 97% claims satisfaction rating. 
• Many Discounts: Winter tire discount, student away at school with no kilometer restriction, multi-line discount, anti-theft recovery discount, loyalty discount for long-time customers, multi-vehicle discount, and more. 

Heartland Mutual 

Heartland Mutual Insurance provides home, agribusiness, auto, farm, and commercial business insurance through insurance brokers. Its head office is in Waterloo, Ontario. Heartland prides itself on being in your community. Heartland Farm Mutual dates back to 2016 with the merger of North Waterloo Farmers Mutual and Oxford Mutual. Combined, these two companies have more than 250 years of insurance experience. Heartland operates the iHeartland Community Fund to support community projects that have a direct benefit at the local level. 

Some key auto insurance features include: 

• Special Farmer Rates: Personally used vehicles located on a farm are entitled to special farmer rates, which can amount to a discount of up to 40% from the average car insurance rate. 
• Bundling to Save: By bundling auto policies at Heartland, you can receive up to 18% off most coverages. 
• Protection Plus: Protection can be purchased to ensure your driving record will not be affected by one at-fault accident. 
• Emergency Road Service Excess Coverage: This provides reimbursement for emergency road service up to a limit of $50 per emergency service. Coverage is in excess of any other program that you may have access to (i.e., automobile club, automobile dealer, or manufacturer’s warranty or credit card programs). There is no charge to add. It is subject to eligibility. 
• Many Discounts: Short commute to work, theft deterrent discounts, student away from home discount, long-time policyholder discount, winter tire discount, retiree discount, multi-line discount, and more. 

Intact Insurance 

Intact Insurance is Canada’s largest insurance company, providing a wide variety of insurance products. Intact is represented by insurance brokers and promises outstanding service, comfort, and continuity. Intact’s roots date back to 1809 with the founding of the Halifax Fire Insurance Company. Through the Intact Foundation, more than $37 million in charitable giving has been provided to more than 1,400 organizations across Canada. Some of Intact’s current focuses are natural disasters caused by climate change and helping charities develop solutions to floods, wildfires, and other natural disasters. 

Some other reasons why Intact is one of the best car insurance companies include the following: 

• My Drive Discount: This program uses app-based technology on your phone to track a driver’s good or poor driving habits. Participants receive a 5% discount on auto insurance when they sign up for the program. Participants can save up to 30% on their auto insurance depending on their good driving habits. 
• Responsible Driver Guarantee: This program allows good Canadian drivers to protect their driving record after a first at-fault accident. 
• Minor Conviction Coverage: This coverage means your first minor conviction—a speeding ticket, for example—will not impact your insurance premium. It is available to drivers who have been licensed for six years and have been free of traffic convictions for three years. 
• Claims Help: Intact guarantees to start your claim within 30 minutes of reporting it to the company. Intact notes that J.D. Power rated it highest in customer satisfaction with the auto insurance claims experience, including the ease of claims filing and receiving updates on claims by telephone. 
• Many Discounts: Hybrid & electric vehicles discount, my home & auto discount, good student discount, winter tire discount, theft alarm discount, and more. 

Intact Prestige 

Intact Prestige Insurance provides tailor-made insurance solutions for its clients, making it one of the best car insurance companies in Ontario. Specializing in luxury lifestyle insurance needs, it is part of one of the largest property and casualty insurers in Canada, giving it the skills, knowledge and experience to back its services and wide range of coverage options. 

Some reasons why Intact Prestige is one of the best car insurance companies include the following: 

• Responsive Claims Service: In the event of a severe weather event, a nationwide emergency response team ensures that any claims are handled swiftly and correctly. 
• Insurance Savings: Intact Prestige offers a wide range of insurance products and ways to save, including bundling home and auto insurance, Canadian driver education discounts, and hybrid or electric vehicle discounts. 

Northbridge 

Northbridge Insurance Onyx specializes in serving the insurance needs of high-net-income individuals, so when it comes to luxury car insurance, Northbridge is one of the best insurance companies Ontarians can choose. With a policy of “We don’t want to simply meet your expectations—we want to exceed them,” Northbridge provides flexible insurance options for its clientele, comes with the backing of 100 years of experience and Fairfax Financial Holdings, and has been recognized as a “5-star Carrier" by Insurance Business Canada. 

The list of reasons why Northbridge is one of the best car insurance companies to choose from includes: 

• Expertise in Risk Management: Their representatives provide extensive risk management support, including onsite assessments and loss prevention guidance for liability risks. 
• Unlimited Replacement Costs: As a high-value insurer, Northbridge provides unlimited replacement coverage for the cost of buildings, contents, and vehicles. 
• Personalized Insurance and Service: Because their clients' insurance needs can vary, a Northbridge broker will go the extra mile to ensure they get the personalized service they deserve. 

Nova Mutual 

Although the name is new, the insurance company’s roots are well established. Nova Mutual was formed in 2018 by the amalgamation of Wabisa Mutual and Norfolk Mutual. It provides home, auto, business, and farm insurance through insurance brokers. Nova Mutual promises to be here for you. The company’s head office is in Simcoe, Ontario. Nova Mutual focuses on providing sustainable insurance products and prices. It is also focused on local relationships and the community. 

Some other reasons why Nova Mutual is one of the best car insurance companies include the following: 

• Driving Record Protection: Nova will provide coverage to protect a driver’s good driving record. 
• Emergency Road Service Excess Coverage: This provides reimbursement for emergency road service up to a limit of $50 per occurrence. This coverage is over any other roadside assistance program that you may have access to (i.e., automobile club, automobile dealer, or manufacturer’s warranty or credit card programs). This coverage is added to all private passenger vehicles carrying both collision and comprehensive coverage or all perils coverage at no charge. 
• Many Discounts: Multi-vehicle discount, short distance to work discount, long-term policyholder discount, theft-deterrent system discount, retiree discount, multi-vehicle discount, genNOW discount, and more. 

Peel Mutual 

Peel Mutual Insurance is one of the largest mutuals serving Ontario. It provides auto, home, business, and farm insurance through insurance brokers. Peel Mutual was founded in 1876 and has its head office in Brampton, Ontario. Peel avoids one-size-fits-all insurance. It aims to customize to suit specific needs. Peel focuses on insurance for people. 

Some other reasons why Peel Mutual is one of the best car insurance companies include the following: 

• GenNow! Discount and More Savings: This is a 10% discount for children of Peel Mutual clients who own/drive their own vehicle. Protection Plus is coverage available to protect your good driving record if you have an at-fault accident. Additionally, if you insure your vehicle with Peel Mutual, it can also provide coverage for your ATV and/or snowmobile. 
• Loss of Use: This provides reasonable expenses toward rental car insurance or substitute transportation if the insured vehicle is not operational due to a loss or damage caused by an insured peril. 
• Many Discounts: Mature driver discount, theft deterrent discount, multi-vehicle discount, long-term policyholders discount, winter tire discount, students away from home, and more. 

Pembridge 

Pembridge Insurance was founded in 1999 and provides auto and property insurance through insurance brokers. Pembridge notes that it works hard to understand the needs of its insured and to provide the best possible products. Pembridge Insurance’s head office is in Markham, Ontario. Pembridge notes its strong foundation of high-quality insurance products and exceptional customer service through the support of its dedicated, independent broker network. Pembridge Insurance sponsors charitable organizations to help build safer and stronger communities. 

Some other reasons why Pembridge is one of the best car insurance companies include the following: 

• My Bridge Program: This provides savings of up to 30% when the insured uses technology that tracks their safe driving habits. The more safely you drive, the more you can save on your insurance, up to the stated maximum. You can save 5-10% at the time of sign-up. 
• Claim Forgiveness Program: This coverage protects your driving record at Pembridge following a chargeable at-fault accident that results in an insurance claim. Your renewal premium will not be adjusted as a direct result of one at-fault accident. 
• Loss of Use Coverage: This provides for reasonable expenses incurred for a rental vehicle or other substitute transportation if the insured vehicle is not operational due to loss or damage caused by an insured peril. 

Portage Mutual 

Portage Mutual Insurance traces its roots back to 1884 and has its head office in Portage la Prairie, Manitoba. It also has a head office in St. Catharines, Ontario. Portage Mutual provides its insurance products through insurance brokers. It offers a range of insurance products. Portage Mutual promises security, integrity, hard work, and personalized service. It chooses to work with independent insurance brokers because it believes “this partnership approach results in better service and value for our policyholders.” 

Some other reasons why Portage is one of the best car insurance companies include the following: 

• Accident Forgiveness: This ‘forgives’ your first at-fault accident, wherein the company does not increase your insurance premium. 
• Waiver of Depreciation: If you purchase a waiver of depreciation, the insurer cannot depreciate the value of your brand-new vehicle when it is settling a loss or damage claim. 
• Many Discounts: Claims free, Club 50 discount, drivers attending university discount, farmer’s auto discount, multi-line, multi-vehicle, winter tire discount, retiree discount, and additional benefits. 

SGI Canada 

SGI Canada provides property and casualty insurance in five provinces, including Ontario. SGI sells home, auto, and business insurance through insurance brokers. SGI is more than 75 years old and has its head office in Regina, Saskatchewan. SGI has been rated by brokers as a Five-Star Carrier in Insurance Business Canada Magazine’s 2019 survey. It also had the highest ranking in customer experience when compared to the 10 largest insurance companies in Canada. Each year, SGI surveys customers for their views on the company. It notes that 93% of customers renew with SGI each year. 

Some other reasons why SGI is one of the best car insurance companies include the following: 

• Loss of Use Coverage: This provides you with a replacement vehicle or transportation costs reimbursement while your vehicle is being fixed or replaced following an insured peril. 
• Choose Your Deductible: You can increase your deductible by choosing a lower monthly premium. 
• Accident Forgiveness: In the event of your first at-fault accident, SGI will protect your driving record and not increase your rates as a result. 
• Removing Depreciation Deduction Endorsement: If purchased, depreciation will not be deducted from the value of the brand-new automobile when settling a claim for loss or damage for up to the first 24 months of the original delivery date, subject to eligibility. 
• Many Discounts: Graduated licensing discount, minor conviction-free discount, multi-vehicle discount, retiree discount, winter tire discount, loyalty claims-free discount, and more. 

Travelers 

Travelers Insurance works with insurance brokers and provides auto, home, personal, business, management, and professional liability and surety bond insurance. It promises insurance tailored to you. Travelers traces its history in Canada back to 1928. Travelers has become a leading provider of property and casualty insurance for home, auto, and business. Travelers Canada has a head office in Oakville, Ontario. Travelers is dedicated to helping communities by targeting giving and volunteerism. Grants and sponsorships are also part of its philanthropy. 

Some other reasons why Travelers is one of the best car insurance companies include the following: 

• Accident Forgiveness Endorsement: This protects you from rate increases as a direct result of your first chargeable at-fault accident in the last 6 years. 
• Loss of Use Coverage: This provides for reasonable expenses incurred for a rental vehicle or other substitute transportation if the insured vehicle is not operational due to loss or damage caused by an Insured peril. Policy changes can be processed in real time, so clients immediately know the change in premium. 
• Many Discounts: Single pay discount, retiree discount, dual policy discount, historical vehicle discount, graduated licence discount, recreational vehicle discount, university discount and more. 

Unica 

Unica Insurance’s long-standing reputation and dedication to customer service make it one of the best car insurance companies. Ontario insurer seekers will enjoy their customer-focused approach and commitment to integrity, transparency, company sustainability, social involvement, and responsibility. 

Some of the reasons to choose Unica as your car insurance provider include: 

• VIP Service: Whether you are choosing Unica for home or auto insurance, they will provide comprehensive insurance solutions for your lifestyle needs. 
• Ease of Payment Options: Unica makes the insurance process easy with flexible payment options and online service options. 
• Top-Notch Claims Service: Insurance Business Canada Magazine has named Unica a "5-Star Claims Insurer" for its smooth claims process. 

Wawanesa 

Wawanesa Insurance provides home, auto, business, and farm insurance through insurance brokers. Wawanesa has been one of the largest auto insurers in Canada since 1928. The company promises expert advice for all of your insurance needs. Wawanesa Insurance first opened in Wawanesa, Manitoba, in 1896. It now operates across Canada and has become one of the largest insurers in the property and casualty sectors. Wawanesa was awarded an A (Excellent) rating for its financial strength from A.M. Best Co, an authoritative insurance rating and information source. 

Some other reasons why Wawanesa is one of the best car insurance companies include the following: 

• Removing Depreciation Deduction Endorsement: This important optional endorsement waives depreciation for up to 36 months when settling a claim for loss and damage to a brand new vehicle. 
• Accident Waiver: This important optional endorsement protects against the premium effects of a first chargeable accident for experienced drivers. 
• Many Discounts: Autonomous emergency braking discount, multi-policy discount, minor conviction-free discount, retiree discount, multi-product discount, away-at-school discount, winter tire discount, graduated licensing discount and more. 

Please Note: The companies listed above have been described in general terms. For a more detailed overview, please visit their websites directly. Many insurance products, programs, and discounts have eligibility criteria and coverage limits. An insurance broker can provide more details. Companies change coverages and discounts from time to time, so please check with an insurance broker in case changes have occurred. 

How Far Back Do Car Insurance Companies Look When Determining Auto Insurance Premiums? 

Many car insurance companies look back as many as 6 years at a driver’s record when providing an auto insurance quote. At-fault accidents remain on a driver’s driving abstract for as many as 6 years. Infractions such as speeding tickets stay on a driver’s abstract for 3 years. If you have a clean driving record with no tickets, accidents, or other infractions, your insurance will be lower, you will have more insurance options, and you could qualify for more savings opportunities. 

How Do I Switch to One of the Best Car Insurance Companies? 

If you want to switch car insurance companies, call an insurance broker and ask for quotes from several other auto insurers. Be sure you get all of the coverage you want. Be sure you are comparing apples to apples—similar optional insurance coverages, deductibles, and endorsements. An insurance broker will ensure that the cancellation of your old policy and the enforcement of a new one happen appropriately. Before you switch, ask if you will be charged a penalty for cancelling before the end of a policy term. Depending on when the term ends, you may be entitled to a refund for early cancellation, even after a penalty is paid. Your insurance broker can assist with this. 

Where Can I Get a Car Insurance Quote in Ontario for the Best Auto Insurance Rate and Coverage? 

You can get a car insurance quote by contacting Morison Insurance. As your local insurance brokerage, we will shop dozens of respected Canadian insurance companies to provide you with a list of quotes and find you the best auto insurance coverage tailored to you. We can also help you get other types of coverage, such as rental car insurance. Get started today by calling 1-800-463-8074 or filling out the form on our website. We have your best interests in mind and we pride ourselves on getting the best quotes and substantial benefits for drivers! Experience the difference our excellent customer service can make for you.