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Learn more about Economical Insurance Canada.

Founded in 1871, Economical is a proudly Canadian car insurance company that focuses on putting customers first. It's one of Canada’s leading auto and property insurance providers and has been named P&C Insurer of the Year in the past. Headquartered in Waterloo, Ont., Economical serves more than one million Canadians across the country and prides itself on putting a strong focus on customers and community.

Keep reading to learn more about Economical car insurance. Compare quotes online from 50+ Canadian car insurance companies on LowestRates.ca, including quotes from Economical Insurance.

 

Consumer reviews for Economical car insurance.

ProvinceUser satisfaction rating
Alberta
Atlantic
Ontario

 

 

 

 

 

Quebec

What other insurance products does Economical offer?

In addition to covering most vehicle types (including campers, motorhomes, antique cars, snowmobiles, ATVs, mopeds and motorcycles), Economical also offers a full range of home insurance options, plus coverage for businesses, farms and groups.

Home insurance: Policies for house, cottage or condo, plus tenants and landlords. Coverage is also available for watercraft and trailers and for home-based businesses. Insurance covers the property (if you own), personal items, liability, identity theft, hotel stays, meals, other living expenses if certain kinds of disasters make your home unlivable, and more. Economical is a leading provider of “special risk” home insurance, meaning it may be an option for those who have a hard time finding coverage elsewhere, thanks to a history of claims, missed premium payments, or other reasons.

Business insurance: Coverage for your place of business whether you own or lease, plus liability and commercial vehicles. Surety bonds are available for businesses in the transportation and logistics or construction and contracting industries.

Farm insurance: Protection tailored for different types of farms, from small to large, with policies specialized for different agricultural products.

 

The Economical car insurance advantage.

Discounts

Economical auto insurance strives to give its customers the best possible service at the best possible price. The company rewards customers with a number of insurance discounts and specialty programs, such as:

  • Multi-vehicle discount by insuring more than one car.
  • Conviction-free discount for avoiding driving infractions.
  • Safe driver discount for going claims-free.
  • Security discount for having anti-theft systems installed.
  • Applicable renewal discounts.
  • Bundling discount for pairing auto with home insurance.

Apply for a car insurance quote from Economical today and speak with a broker or agent about which discounts you qualify for. 

 

Special programs

Economical also offers benefits to clients who meet certain requirements.

Group insurance - Economical offers competitive group insurance for auto insurance. Those wishing to apply through their employer or guild can visit Economical Select’s website.

High-risk auto insurance - If you are a driver with a not-so-perfect record who is finding it hard to get car insurance, Economical can help you through their Perth Insurance subsidiary.

Disappearing deductible - Enroll in this program and your deductible will decrease for every term you go without a claim.

Is there an app?

Economical does not currently offer a mobile app to their clients. Some car insurance companies allow customers to manage their car insurance coverage virtually; at the moment, policyholders with Economical cannot log in and manage their insurance online. 

 

How to submit a claim with Economical

To make a claim, contact your broker, or in the case of an after-hours claim, contact Economical via the insurance claims line.

 
Phone number to file a car insurance claim with Economical:
1-800-607-2424
 
Economical's phone number for insurance claimants in Quebec:
1-888-875-8088
 
Hours of availability:
Call either phone numbers above to reach Economical Insurance's claim against who are available nationally 24-hours a day, seven days a week, year-round. 

Join the millions of Canadians saving money on auto insurance

The first rule of saving money is to shop around for the best price. Make sure you’re not overpaying for car insurance by comparing insurance providers before you settle on one. LowestRates.ca makes comparing multiple auto insurance companies a snap. We don’t sell insurance — we’re completely independent — but we can show you which insurer is offering the lowest price. Just enter your postal code and in 3 minutes we’ll show you rates from 50+ Canadian insurance providers. Best of all? It’s free.

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What people say after comparing rates on LowestRates.ca:

February 16
Fast and easy good response
Fast and easy good response
Robert Burke
February 16
Great service
Great service
Waseem Akhter
February 15
Website is easy to use the…
Website is easy to use the representatives were so helpful, wasn't on hold long ...
Olivia
February 15
very easily approach for info and clear…
very easily approach for info and clear to understand
DANIEL HELDER
February 15
Super fast seriously half the price!
Super fast seriously half the price of my previous broker. I worked with Khadija...
N. Gul
February 14
The person i talked made it easy she…
The person i talked made it easy she was easy to talk to she quick and i feel i ...
Calvin Shelley
February 13
very good and easy
very good and easy
Noel Tavas
February 10
The agent was very pleasant
The agent was very pleasant and thorough. She reviewed the important informatio...
Bernard Wrobleski
February 10
Finally service
Knowledgable friendly considerate and concerned
Rick D
February 9
Very fast
Very fast, efficient and helpful. I would not hesitate to recommend this company...
Anna Paquette
February 9
Friendly approach and talk and showing…
Friendly approach and talk and showing kindness and help.
Abdul Lodin
February 7
The agents i dealt with were amazing
The agents i dealt with were amazing! Thank you to Juliana & Alicia
Concetta Mastrangelo
February 7
Very Kind and Patient
Very kind all the way through. Took time to explain every step and were patient ...
Hunter Hughes
February 2
Easy to use and quick follow up
Easy to use and quick follow up. Thanks .
Terry Collins
January 31
Very pleasant to deal with.
Very pleasant to deal with.
Janet
January 31
Representative was extremely helpful…
Representative was extremely helpful and was able to assist in all our needs.
Laura Dunsford
January 19
I was treated very well
I was treated very well, the person that was helping me was very helpful and fou...
Tim Bob
January 18
Great service
The response to my inquiry was quick. I received a phone call a few hours later ...
Sherri Leclerc
December 4
Quick turnaround
Quick turnaround, I am really happy with the process so far.
Breno Mendonca
November 11
process was easy and professional
The process was easy and professional
James Robichaud
November 1
The young man was very courteous and…
The young man was very courteous and professional. We didn't qualify due to low...
Teresa Penning
October 26
Quick and friendly response.
Quick and friendly response.
Dan Rochon Rochon
October 13
prompt respond
prompt respond, knowledgable
Brano Lapin
September 27
The agent was Patient and knowledgeable…
The agent was Patient and knowledgeable answered all my questions
Richard Young
August 31
The agent (Jan) was most professional
The agent (Jan) was most professional, courteous, and friendly.
Kewal Khanna
July 27
They gave me a lot of important…
They gave me a lot of important information
Liliana FERNANDEZ
July 13
THE PERSON ANSWERED ALL MYY QUESTIONS
THE PERSON ANSWERED ALL MYY QUESTIONS
Antonio
June 23
One Stop Shop - best rates with multiple companies
Found great rates with multiple companies which made it very easy to quickly ass...
Maryann O
June 22
Very professional polite & knowledgeable
Very professional polite & knowledgeable
Raymond Beaudoin

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Auto insurance quotes are compared from CAA, Coachman Insurance Company, Economical Insurance, Gore Mutual, Onlia Insurance, Pafco, Pembridge, SGI, Travelers, Zenith Insurance Company

Alexandra Bosanac

Alexandra Bosanac

About the Author

Alexandra Bosanac is the Core Content Manager for LowestRates.ca. Her reporting has appeared in Canadian Business, the Toronto Star, the National Post, and the CBC.

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