Thinking about buying a home or auto insurance? You’ll want to shop around and take your time because there are so many different options. There are also quite a few insurers out there.
But not all of them offer the same value for money. Even though this is an industry with some standard features, each company has its quirks.
As such, you need to be prepared before you buy. However, finding the right insurer can be challenging.
Here are some tips on what to look for in an auto or home insurer, as well as the top 7 auto and home insurance companies in Ontario to help you make a more informed decision:
What to look for in an auto or home insurance company?
Beyond price, there are several factors to keep in mind when selecting an insurance company. First, you should check out their claims history. What is the average processing time for claims? What percentage of claims are paid out? And what is the overall customer satisfaction rate? You should also check out the companies’ financial standing.
This can be done by checking out the Better Business Bureau’s website. You can also get information from the Ontario Securities Commission. The Financial Services Commission of Ontario also offers some information on the financial standing of insurance companies.
Finally, check out the terms and conditions of the different insurance policies for your specific needs. There are many similarities between policies, but there are also a few significant differences. You don’t want to buy a policy without realizing it will not fully cover you.
Desjardins
Desjardins is a financial services company that offers auto, home, and travel insurance policies. They have been around since 1918 and are headquartered in Montreal, Quebec. They are the 3rd largest home and auto insurer in the province of Ontario.
One of the most unique aspects of their insurance products is that they offer a choice between a traditional policy and a simplified policy. The simplified policy is meant for customers who do not want or need the full range of coverage.
You can choose the simplified policy if you have a clean driving record and if you have already reached the age of 65. It is important to note, however, that the simplified policy does not cover medical expenses. The simplified policy is also available to customers who have been with Desjardins for five years or longer.
The simplified policy does not cover damage to your vehicle, but it does offer coverage for damage to other vehicles, or property, and bodily injury.
Belairdirect
Belairdirect is one of the top home and auto insurers in Ontario. Founded in 1962, they are headquartered in Mississauga, Ontario. They are also a member of the Canadian Franchise Association. Belairdirect offers a wide range of auto insurance products, including basic coverage, optional coverage, and collision coverage.
Optional coverage includes extras like no-fault, under-insured motorist, and all-peril property damage coverage. They also offer home insurance policies that can be customized to your needs. You can add or remove coverage as needed and can choose either a fixed-term or annual policy.
There are a few unique aspects to Belairdirect’s auto insurance policies. First, they offer a policy that covers damage to your vehicle, another vehicle, and/or property. This policy is called the 3 of 5 policy.
It is also important to note that Belairdirect offers a policy for new drivers. The new driver policy does not offer full coverage like a regular policy.
The Co-operators
The Co-operators is a Canadian insurance company that provides auto and home insurance policies. The company was founded in 1946 and is headquartered in Toronto, Ontario. In addition to auto and home insurance, they also provide insurance for boats and recreational vehicles, as well as group insurance for businesses. The Co-operators offer a wide range of auto insurance products.
These include basic coverage, optional coverage, and collision coverage. Optional coverage includes extras like no-fault, under-insured motorist, and all-peril property damage coverage. There are a few unique aspects to The Co-operators’ home insurance policies.
First, they offer a policy that covers damage to your home, its contents, and a neighboring home. This policy is called the All of the Neighbours policy. Second, The Co-operators offer a wide range of policy terms. This enables you to select the best policy for your situation.
Allstate
Allstate is one of the largest auto and home insurance companies in Ontario. Founded in 1931, they are headquartered in Northbrook, Illinois. They also have a large network of Ontario offices. Allstate offers three different types of auto insurance policies: basic coverage, optional coverage, and collision coverage.
Optional coverage includes extras such as no-fault, under-insured motorist, and all-peril property damage coverage. Allstate also offers home insurance policies that can be customized to your needs. You can add or remove coverage as needed and can choose either a fixed-term or annual policy.
There are a few unique aspects to Allstate’s policies.
First, they offer discounts for safe driving. This can include a discount for driving a fuel-efficient vehicle or for taking a defensive driving course. Second, Allstate rewards safe drivers with a program called MyRate. MyRate allows customers to track their driving and can lead to better rates if your driving is safe.
Intact Insurance
Intact Insurance is one of the leading auto and home insurance companies in Ontario. Founded in 2002, they are headquartered in Montreal, Quebec. They also have an office in Mississauga, Ontario. Intact offers three different types of auto insurance policies: basic coverage, optional coverage, and collision coverage.
Optional coverage includes extras like no-fault, under-insured motorist, and all-peril property damage coverage. Intact also offers home insurance policies that can be customized to your needs. You can add or remove coverage as needed and can choose either a fixed-term or annual policy.
There are a few unique aspects to Intact’s policies. First, they offer a policy that covers damage to your vehicle, another vehicle, and/or property. This policy is called the 3 of 5 policy. Second, Intact offers a payment plan for customers who need extra time to pay for their insurance policy. Lastly, Intact offers a policy for new drivers.
The new driver policy does not offer full coverage like a regular policy.
RBC Insurance
RBC Insurance is a Canadian insurance company that provides auto and home insurance policies. The company was founded in 1901 and is headquartered in Toronto, Ontario. In addition to auto and home insurance, they also provide group insurance for businesses.
RBC Insurance offers three different types of auto insurance policies: basic coverage, optional coverage, and collision coverage. Optional coverage includes extras like no-fault, under-insured motorist, and all-peril property damage coverage. RBC also offers home insurance policies that can be customized to your needs.
You can add or remove coverage as needed and can choose either a fixed-term or annual policy. There are a few unique aspects to RBC’s policies.
First, they offer a policy that covers damage to your vehicle, another vehicle, and/or property. This policy is called the 3 of 5 policy. Second, RBC offers a payment plan for customers who need extra time to pay for their insurance policy. Lastly, RBC offers a policy for new drivers. The new driver policy does not offer full coverage like a regular policy.
TD Insurance
TD Insurance is a Canadian insurance company that provides auto and home insurance policies. The company was founded in 1925 and is headquartered in Ontario. In addition to auto and home insurance, they also provide group insurance for businesses.
TD Insurance offers three different types of auto insurance policies: basic coverage, optional coverage, and collision coverage. Optional coverage includes extras like no-fault, under-insured motorist, and all-peril property damage coverage.
TD also offers home insurance policies that can be customized to your needs. You can add or remove coverage as needed and can choose either a fixed-term or annual policy. There are a few unique aspects to TD’s policies. First, they offer a policy that covers damage to your vehicle, another vehicle, and/or property.
This policy is called the 3 of 5 policy. Second, TD offers a payment plan for customers who need extra time to pay for their insurance policy. Lastly, TD offers a policy for new drivers. The new driver policy does not offer full coverage like a regular policy.
Conclusion
The best way to find the right home and auto insurance company is to compare them. In order to do this, it is important to understand what different insurers offer and how they compare to each other. Auto and home insurance policies fall into two main groups: liability and property coverage.
The first group, liability insurance, protects you from lawsuits and damage claims from other people who are involved in accidents. Property insurance covers damages to your home and other property.
Each of these types of insurance has different features and benefits. You will want to look for an auto or home insurance company that offers the most comprehensive coverage for the least amount of money.
