Get Insurance Quotes Online & Compare Auto, Home & More | Aviva Canada (2024)

FAQs

Where is the cheapest car insurance in Canada? ›

Quebec, on the other hand, is a hybrid system that offers the cheapest car insurance rates. There, you buy injury coverage from the government and property damage from a private insurer. Even though each province sets a minimum standard for coverage, most people purchase a more comprehensive insurance policy.

How accurate are online car insurance quotes? Online car insurance quotes are reasonably accurate. However, it is important to keep in mind that an insurance quote is only as accurate as the information you provide. If you don't provide the right information your quote may be higher (or lower) than you think.

USAA, Nationwide, Travelers, Erie, Geico and Progressive are the cheapest car insurance companies nationwide, according to our analysis.

How much does car insurance cost in Canada? On average, Canadian drivers pay between $1,300 and $1,800 for car insurance coverage each year.

Let me paint a picture for you. Across our magnificent country, the average Canadian pays a range that can vary greatly for car insurance–typically between $1,000 to $2,000 annually. In some provinces like Ontario, drivers may experience higher rates due to factors like increased traffic and higher incidences of fraud.

Key Takeaways. Manulife Financial is the largest insurance provider in Canada and offers a broad range of financial services. Great-West Lifeco, Inc., the second-largest insurer, operates as a holding company for six subsidiaries.

The Co-operators is the top-rated car insurance provider in Canada, with other highly rated providers including The Personal, RBC Insurance, and Economical Insurance.

How much does home insurance cost? The average cost of home insurance in Canada is roughly $1,000 per year. That said, the cost of home insurance can vary significantly between policyholders because rates are dependent on so many factors.

Online car insurance policies are generally cheaper than those offered by insurance agents as these don't include commissions and other fees. Most auto insurance companies also offer discounts if you purchase car insurance online. However, using an agent has its share of benefits.

Is it better to buy insurance online or in person? ›

You can comparison shop when you look for car insurance coverage online, getting quotes from several providers to find the best car insurance rates for your profile. Buying online could also be cheaper because you won't pay agent commissions or other fees as you might when obtaining an auto policy in person.

State Farm, Auto-Owners and Erie provide the cheapest homeowners insurance, based on the MarketWatch Guides team's review.

Both Geico and Progressive offer cheap car insurance to drivers across the country. Geico's rates are typically lower overall, but Progressive tends to offer better prices to high-risk drivers. High-risk drivers are those with a recent DUI, at-fault accident or speeding ticket on their driving record.

State Farm is the biggest auto insurance company in the country by market share, while Progressive, Geico and Allstate are the next three.

Instead, you'll need to buy coverage from a Canadian insurer. Canada requires all motorists to carry car insurance. Generally, that coverage costs more than U.S. car insurance.

In most provinces – British Columbia, Alberta, Saskatchewan, Ontario, New Brunswick, Prince Edward Island, Newfoundland, Nunavut, Northwest Territories and Yukon – the minimum liability coverage is $200,000, according to the Insurance Bureau of Canada. In Quebec, the minimum is $50,000.

Auto insurance premiums are set to climb this year as inflation, supply chain issues and theft make it more expensive to insure a vehicle, according to a new report. The analysis from RATESDOTCA, released on Monday, found insurance premiums climbed six per cent between December 2022 and December 2023.