When you want to buy a car, the first thing you should think about is the insurance policy. In some countries, it is even required by the law. For instance, In Canada, is illegal to drive a car without proper coverage, and you could end up paying a fine of $50,000. However, even if it wasn’t a legal requirement, your insurance policy is vital if you want to protect your property. Today, there are several insurance providers in the province. To help you choose among all of them, here you will find a list of the best car insurance companies in Ontario.
In Ontario, you can find more than 50 car insurance companies but, chances are, not all of them are available to you. The majority of providers in the province focus on a specific type of vehicle and driver. That’s why when you call any potential company, you need to ask if they offer services for your car.
Finding the best auto insurance companies in Ontario is not an easy task, and it can be a stressful process. If you don’t know where to start, below you will find some tips on how to choose the best car insurance companies in Ontario. Remember, that in this case, the price is not everything, there are other factors you need to take into account.
How to choose auto insurance companies, Ontario
The top car insurance companies in Ontario should offer you more than a great package price. If you want to trust these providers before purchasing a policy, here are some things you should look out for.
- Online Reviews
Nowadays, especially with COVID, most insurance companies are offering their services online. However, you can’t trust every provider that you find on your search engine. A crucial step before contacting auto insurance companies is checking their reviews. Remember that even the top car insurance companies in Ontario might have one or two bad reviews. But, if there are several bad comments, we recommend moving on to another option.
Take into account that the majority of people who write negative reviews are taking time off their day to post them. That means they will only do that if they truly had a bad experience. We advise taking everything you read with a grain of salt and allow them the benefit of the doubt. Reading online reviews is only the first step of your betting process.
- Size of the company
All insurance companies in Canada have to meet certain standards. But, if you want to be sure that the provider will respond, in case you need coverage, choose a large company. The best auto insurance companies in Ontario are the ones that handle several premiums. Plus, they could also have more insurance options, including home insurance and life insurance.
- Type of insurance company
As we explained before, it is common that auto insurance companies in Ontario focus on different types of drivers or vehicles. To guide you towards the perfect kind of insurance company for you, here are some that you will find in the market.
- Regular Market: The majority of people are insured under this type of company because it offers services for low to medium risk drivers. This means with less than three tickets or at-fault accidents. To apply for this insurance, you need to have a conventional vehicle.
- High Risk: This company aims to protect people with a criminal record, several tickets and accidents. If you fall into this category, you won’t get quotes from a regular market provider.
These are the two most common categories in regards to insurance companies. But, if you have a motorcycle or provide services such as Uber, you need to find companies that specialize in that kind of protection. In case you want to learn about insurance policies in Canada, read this Surex article.
5 Top Car Insurance Companies in Ontario
Now that we know which factors to consider when choosing the best car insurance companies in Ontario. It is time to take a look at the top insurance providers that you can find in the province.
Allstate is one of the best auto insurance companies in Ontario because it offers several discounts. For instance, if you choose Allstate, you can reduce your overall payment bundling car and property insurance. If you have more than one vehicle, ensuring them with Allstate gives you discounts. Also, the insurance company will reduce the cost of your policy if, you protect your vehicle with anti-theft devices and winter tires.
Aviva offers discounts to policyholders who are retired, have multiple insurances with the company, or drive for three years without a conviction. But what attracts most people to Aviva is that they offer several benefits. When you buy their policy, you can have access to discounts on rental cars and hotels. Plus, the possibility of filling a claim wherever you are through their app.
Apart from offering a series of discounts for bundling policies, or having a safe driving record. Belairdirect is classified as one of the top car insurance companies in Ontario due to its affordability. If you are looking for a company that offers the best service at a reasonable price point, Belairdirect is for you. Further, with this company, you can check the status of your claims through their online service.
- Canadian Auto Association (CAA)
The best part of purchasing a policy with CAA is the program this provider offers. In the CAA Connect program, the insurance company will install a little device in your car to evaluate your performance. If they determine that you have safe driving habits, you can receive a series of rewards. Also, with the Forgive and Forget plan, you would be forgiven for your first at-fault accident.
- Desjardins Insurance
Policyholders with Desjardins can access different discounts when they bundle up policies and have a safe driving record. However, the price of your policy can also reduce when you use proper winter tires, or in case you own an electric or hybrid vehicle. When you have an insurance policy with Desjardins, you can contact them 24 hours a day, seven days a week.