Best Car Insurance Companies in Canada for 2024

Ranked as the #1 car insurance in Ontario and Atlantic Canada, and as the second best car insurance company in Alberta, The Co-operators is known for their exceptional customer service and community involvement. They’ve been operating in Canada for almost 80 years after being founded in Saskatchewan in 1945.

They offer a wide range of insurance products, including car insurance, home insurance, and life insurance. In terms of car insurance, The Co-operators offers a variety of coverage options, including liability, collision, and comprehensive coverage top-ups.

Some benefits of Co-operators for car insurance include accident forgiveness, where your car insurance premiums won't go up after your first collision if you've been collision-free for at least six years, discounts for bundling home and auto insurance and discounts for hybrid and electric vehicles.

The Personal is ranked as the second-best car insurance in Ontario and the best in Quebec. The Personal offers plenty of insurance discounts and savings, such as saving up to $725 when you insure 2 or more cars with them, saving up to $1,105 for a clean driving record, saving up to 10% for students, up to 5% for winter tires, and loyalty savings up to 15%.

The Personal app even lets you get a photo-based estimate on your auto claim, file and track claims, and get a personalized premium based on your driving habits with Ajusto, such as your acceleration, deceleration, and other driving behaviour.

RBC Insurance is another top contender in the Canadian car insurance market. Besides mandatory coverage, RBC also offers some unique additional coverage options. This includes a disappearing deductible, where your deductible is reduced by 20% for each claim-free year, a waiver for effects on your driving record and premium for your first at-fault accident if you've been claims-free for at least six years, and loss of vehicle use coverage.

Other auto insurance policies offered by RBC include motorcycle insurance, motorhome insurance, trailer insurance, ATV insurance, snowmobile insurance, boat insurance, and collector car insurance.

Economical Insurance is part of Definity Financial, which also includes Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With a history dating back to 1871, Economical is one of the oldest insurance companies in Canada and offers a range of coverage options.

While you can’t directly get a car insurance quote from Economical, you can through any insurance broker. Economical has a search tool on their website to connect you with a local insurance broker in your area.

An important player in the Canadian insurance market, belairdirect has been providing complete car and home insurance solutions to Canadians since they were founded in Quebec in 1955. In 1997, they were the first car insurance company in North America to offer an online car insurance quote directly to consumers. This innovative spirit is a hallmark of their service, which aims to simplify the insurance process for their customers.

While belairdirect is headquartered in Quebec, they also have branch locations in Alberta, Ontario, British Columbia, and Newfoundland and Labrador. You can easily get a car insurance quote online in minutes, buy your coverage instantly without having to talk on the phone, and even submit car insurance claims online or through the belairdirect mobile app.

Travelers is a U.S. insurance company and is a well-established name in the global insurance industry. In Canada, they are known for their broad range of car insurance solutions, tailored to cater to different customer needs. Coverage options available with Travelers include liability, collision, comprehensive, loss-of-use, and uninsured motorist coverage. They also offer unique insurance policies for classic collector vehicles that are 15 years old or more, antique vehicles 25 years old or more, and recreation vehicles.

One notable feature of Travelers is their "IntelliDrive'' program, a usage-based insurance option that rewards safe driving habits with discounted premiums. This includes the time of day that you drive, speed, acceleration, hard braking, and distractions. Over a 90-day period, drivers' habits are tracked using a mobile app, and depending on performance, discounts of up to 30% can be applied at renewal. However, risky driving habits can increase your premium by up to 10%. This innovative approach to insurance aligns with Travelers' commitment to safety and value, making them a reliable choice in the Canadian car insurance market. You can only get Travelers car insurance through an insurance broker. Base commission for brokers starts at 12.5%.

TD Insurance is a part of the TD Bank Group, one of Canada's largest and most recognized financial institutions. Offering a broad selection of car insurance coverage, they cater to a wide demographic of drivers in Canada. TD also partners with over 750 universities, companies, and alumni organizations, offering members of these groups preferred car insurance rates. This feature sets TD Insurance apart in the competitive Canadian car insurance market.

The TD Insurance app further simplifies the claims process by allowing customers to do everything from starting an auto claim to booking a repair appointment, all from their mobile device. You can even download your digital pink card and add it to your mobile wallet with the app.

Allstate is an American insurance company and one of the largest in the world. It began operating in Canada in 1953, and now operates in Alberta, Ontario, Quebec, New Brunswick, and Nova Scotia. Known for their customer-centric approach, Allstate focuses on providing a personalized experience to policyholders, which is reflected in their individualized insurance plans and premium discounts for safe drivers and multi-vehicle policies.

Allstate offers plenty of discounts to their policyholders. Policy discounts include the "Take Two" Advantage for combining property and auto insurance, as well as multi-vehicle and group discounts. Vehicle discounts are available for safety features, new vehicles, anti-theft devices, private parking, and winter tires. Lifestyle discounts cater to students under 25 with good grades, students away at school, retirees, long-term clients, and minor offense forgiveness. Driving discounts include discounts for those enrolled in their Drivewise program and a discount for newly licensed drivers that have completed a driver training course.

Aviva is a British insurance company that has had a presence in Canada since 1835 with the Canada Accident Assurance Company. In 2003, Aviva Canada was formed. RBC Insurance works with Aviva Canada for their home and car insurance policies.

Optional car insurance coverages offered by Aviva include ride-sharing car insurance, such as for Uber or Lyft drivers, a disappearing deductible, protection against your premiums going up after a minor driving conviction, and an accident rating waiver.

Wawanesa Insurance is a Canadian insurance company named after where it was founded, Wawanesa, Manitoba, in 1896. Available only through an insurance broker, Wawanesa Insurance offers insurance for cars, commercial vehicles, motorcycles, recreational vehicles, motorhomes and campers, and utility trailers.

As the largest federation of credit unions in North America, Desjardins offers a comprehensive suite of insurance products including auto, home, life, and health insurance. Optional coverages that you can add-on include a $0 deductible, travel costs after an insured loss, accident forgiveness coverage, and 5-year replacement cost.

With the Desjardins Insurance Home-Auto app, you can view your digital proof of auto insurance, file a claim, and even tell Desjardins when you're putting a vehicle in storage.

Alberta Motor Association (AMA) is a non-profit membership organization with a rich history, serving Albertans for close to a century and well known for their roadside assistance and CAA membership rewards and discounts. AMA is affiliated with CAA (Canadian Automobile Association) and AAA (American Automobile Association). In Alberta, AMA is the top rated car insurance provider in the province.

While AMA offers car insurance, they're also an insurance brokerage. For specialized plans, they may help you get a car insurance policy from one of their partners, which includes RBC Insurance, iA Financial Group, Canada Life, Sun Life, and Manulife (The Manufacturers Life Insurance Company).

Johnson Insurance is part of Intact Financial Corporation, which includes brands such as Intact Insurance, belairdirect, and Brokerlink. In Alberta, Johnson was ranked as the second-best car insurance company in the province. In late 2023, they’ll be merged into belairdirect and will stop operating in Manitoba, Saskatchewan, and the territories.

SSQ General and La Capitale have merged to form Beneva, making it one of the largest insurers in Quebec. The merger has led to a wider range of insurance products, including home, auto, life, and health insurance. They also offer savings and investments, such as RRSPs, TFSAs, and annuities.

Some discounts at Beneva include a decreasing deductible, where your deductible decreases by $50 each time you renew without any claims during the year. They also offer roadside assistance in Canada and the United States for only $3 per month. Other discounts include discounts for electric or hybrid car insurance, young adults, families, and civil servants.

Headquartered in Quebec City, iA Financial Group gets high marks as the fourth best car insurance company in Quebec. Besides car insurance, iA offers home, life, travel, and health coverage.

iA claims that you can save an average of $320 on your car insurance with them, and you can save even more by bundling your auto and home insurance, insuring multiple vehicles, and by having other products with iA Financial Group. You can easily get a quote and make claims 24/7.

Promutuel is a mutual insurance company, meaning it is owned by its policyholders rather than shareholders. This unique structure allows Promutuel to prioritize the interests of their members and community above profits. Promutuel Insurance was the first mutual insurance company founded in Quebec, in 1852, and has been operating for over 170 years. They operate through 16 mutual associations across Quebec.

Promutuel has plenty of discounts, up to 10% off when bundling with home insurance, 10% off for multiple vehicles, 20% off for being claim-free, 10% off for low mileage, 5% off for anti-theft systems, and 15% off for electric vehicles. Promutuel’s Appi program is a mobile app that gives you reward points on each trip that you can redeem for gift cards, rewarding good driving habits. You'll also get feedback on every trip to help you improve your driving.