What are the best car insurance companies in Canada?

The best car insurance companies in Canada offer affordable prices and excellent customer service. Check out our list below for quality insurance that covers rental cars as well as your regular ride.

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UPDATED: Jun 15, 2022

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Written By: Laura BerryReviewed By: Joel OhmanUPDATED: Jun 15, 2022Fact Checked

Here's what you need to know...

  • Some of the best-rated car insurance companies in Canada include The Co-Operators, The Personal Insurance, and Aviva
  • Most Canadian drivers are required to have third-party liability, medical expenses, and lost income coverage
  • If you’re renting a car in Canada, you can probably get coverage through your personal car insurance or the rental company

There are many hazards Canadian drivers face on the road. From busy city traffic jams to icy, snowy weather, Canadian drivers need quality insurance to protect their vehicles.

However, knowing where to start looking when you need a policy can be overwhelming. There are a lot of choices out there, and it can be hard to know whether you need a standard policy or additional coverage.

If you’re struggling to decide which car insurance company might work best for you, you should explore the top 10 Canadian car insurance companies below and check out car insurance rate comparison charts. Then, compare quotes to find the perfect policy for your needs.

What are the best car insurance companies in Canada?

One of the most important decisions you make when buying car insurance is choosing the right company for your unique needs. While Canada has several excellent car insurance providers, below are the top 10.

Ranked #1: The Co-operators

The Co-operators Group Limited is consistently named one of the best Canadian insurance companies and has an impressive five-star rating from the J.D. Power Canada Auto Insurance Satisfaction Study.

Customers praise The Co-operators for its excellent customer service, long list of car insurance discounts, optional add-ons, and affordable prices. Although it only receives three stars for its financial stability, The Co-operators seem to pay claims without any problems.

The Co-operators Group also offers homeowners and life insurance, brokerage, and institutional asset management.

Ranked #2: The Personal Insurance

Another company that is consistently recommended is The Personal Insurance. Especially popular in Quebec and Ontario, J.D. Power gave the company five stars. The Personal Insurance loses out on the top company spot in Canada simply because it has limited availability.

As long as you’re eligible, The Personal Insurance offers basic car insurance that includes:

  • Third-party liability
  • Accident benefits
  • Collisions
  • Uninsured motorists

While these coverages can be cheaper, be sure to consider the pros and cons of purchasing basic car insurance before you make your final decision. You can also buy comprehensive insurance for damage outside of accidents; check out our comprehensive car insurance guide to learn more about how that works.

As for optional coverage, The Personal Insurance offers new vehicle protection, transportation replacement, and liability for non-owned vehicle coverages, plus a $0 deductible option.

Ranked #3: Intact Insurance

While Intact Financial Corporation has slightly worse customer service ratings than the top two companies, it has a solid financial strength. With above-average numbers for discounts and optional coverage, Intact probably has the coverage you need.

Although it’s not the highest-rated insurance company in Canada, it is the largest — in fact, it’s the largest provider of specialty insurance in North America. 

Not only does Intact offer car insurance, but you can also insure: 

  • Motorcycles 
  • RVs 
  • Snowmobiles 
  • ATVs
  • Boats

Intact offers a unique “My Drive” program to reward drivers for safe habits with an insurance discount. Aside from personal car insurance, Intact also covers Uber and Turo drivers.

Ranked #4: Desjardins

Desjardins is popular because it offers affordable rates, discounts, and a solid list of additional coverage options. This company also has a high rating for its financial strength. What brings Desjardins’s rating down to fourth place is its customer service.

Despite the lower customer service rating, Dejardins is specifically recommended for new car owners because the company offers them many discounts. Regardless of the age of your car, you can buy third-party liability, collision, comprehensive, and uninsured motorist insurance, as well as accident benefits.

As for optional coverage, Desjardins offers new vehicle protection, a $0 deductible option, and an accident-free protection add-on.

Ranked #5: Belairdirect

Belairdirect is particularly suited for Uber drivers and has a relatively high score for customer service, especially in Ontario. With affordable prices and plentiful options for discounts and additional coverage, Belairdirect has something for everyone.

Belairdirect is actually a subsidiary of another entry list – Intact. 

Most customers are satisfied with the service from Belairdirect, especially the automerit program, which rewards safe driving. Car owners that drive less than 10,000 km per year can also take advantage of the automerit program. 

You can also buy additional coverages, including roadside assistance, accident forgiveness, and Autocomfort, which provides insurance that covers rental cars.

Ranked #6: Aviva

While Aviva has very affordable prices, this insurance provider struggles with customer service. As a subsidiary of U.K.-owned Aviva PLC, it has considerable financial strength and a decent list of available discounts and additional coverage options.

Canadian residents can earn a discount for the following:

  • Bundling car and home insurance policies
  • Having multiple cars on the same policy
  • Staying claims-free
  • Being a retiree

Despite great discount options, Aviva has low satisfaction ratings in Alberta, Quebec, and Ontario. However, Aviva is a fantastic choice for Lyft drivers as the company has partnered with Lyft Canada to offer insurance for both drivers and passengers.

Ranked #7: TD Insurance

With the overall cheapest average ratings of any of the top 10 Canadian car insurance companies, TD Insurance boasts its affordable rates. It does well in other departments, too, including a solid financial presence and decent discounts.

TD Insurance also sells home insurance and is one of the largest direct-response providers in Canada. Customers enjoy TD’s modernized website, where you can get online quotes, apply for discounts, buy more insurance, and manage your account with ease.

Ranked #8: Economical Insurance

Despite the name, Economical Insurance does not have the cheapest rates. It does, however, offer a stellar list of discounts and decent customer service.

Getting insurance through Economical is a little more difficult because the company sells through brokers in most regions. It might be worth the extra effort because Economical offers insurance for a lot more than cars. 

You can get insurance for snowmobiles, ATVs, motorcycles, campers, RVs, mopeds, and motorhomes.

Ranked #9: RSA Group

RSA does reasonably well with its discount and additional coverage options, customer service, and financial strength. Prices run a little higher than some of the cheaper options, but policies come with some great benefits.

With an RSA policy, you get rewarded miles for making your payments on time. You can redeem those miles for things like: 

  • Rental cars
  • Accommodations
  • Travel vouchers
  • Concert tickets
  • Other entertainment rewards

Like Economical, you can’t buy RSA insurance online. Instead, you’ll probably have to go through a broker. It is worth noting that the claims protection plan and lifetime repair guarantee make RSA worth checking out.

Ranked #10: Sonnet

Sonnet’s best feature is its list of discounts and add-ons, but it can be expensive. Sonnet is a great choice for people that prefer to handle things online.

With a website built for easy access, you can get quotes, pay your bills, and manage your account all in one convenient spot.

Sonnet’s standard policy includes third-party liability, comprehensive, collision, and accident benefits. You can also buy accident or ticket forgiveness, rental insurance, or a Vroom service bundle.

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Does Canada require car insurance?

Canadian drivers are required to have car insurance. Canada requires drivers to carry third-party liability of $200,000. The only exception is in Quebec, where drivers only need $50,000.

Additionally, all territories and provinces (except Labrador and Newfoundland) require insurance for lost income and medical expenses. Driving laws vary by territory and province, so you can always check with your local area to find what insurance you need.

If you plan on driving to Canada with American insurance, your U.S. policy will cover you as long as you’re on vacation. People planning to move to Canada from the U.S. will need to open a new car insurance policy.

For car renters, there are two options for insuring your rental car. If you have a personal car insurance policy, it might cover rental cars, so check with your insurance company before leaving for Canada.

If you don’t have your own policy or your policy does not cover rental vehicles, you’ll have the option to purchase insurance through the rental company.

Find the Best Canadian Car Insurance

Whether you live in Saskatchewan or Prince Albert Island, you can find quality, affordable car coverage with any top insurance company in Canada.

There are many more insurance companies in Canada than the 10 listed above, most of which provide excellent service. To find the perfect policy and price for your car, compare prices with as many companies as possible.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Written by Laura Berry
Former Insurance Agent Laura Berry

Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP® Joel Ohman

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