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.

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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.

Province	User 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.

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Customer	Location	Vehicle	Lowest rate	Average rate	Saved
Quote from July 11, 2025 Customer Male, 41 years old	Location ontario	Vehicle 2020 NISSAN NV 1500 S V6 CARGO VAN	Lowest Rate $153/mth $1,837/yr	Average Rate $313/mth $3,752/yr	Saved $160/mth 51.04%
Quote from July 11, 2025 Customer Male, 29 years old	Location ontario	Vehicle 2021 HYUNDAI ELANTRA PREFERRED 4DR	Lowest Rate $403/mth $4,841/yr	Average Rate $603/mth $7,241/yr	Saved $200/mth 33.14%
Quote from July 11, 2025 Customer Male, 38 years old	Location ontario	Vehicle 2024 KIA FORTE EX 4DR	Lowest Rate $294/mth $3,528/yr	Average Rate $417/mth $5,005/yr	Saved $123/mth 29.51%

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

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.