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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. 

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Excellent
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Was pleasantly surprised by the prompt…
Was pleasantly surprised by the prompt response to my enquiry online. Hope it's ...
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August 17
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Great service!
Great service!
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August 3
They respond very quickly
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August 3
Excellent
They help and did a great job assisting in new insurance
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The agent name, Justin Farr
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Quick efficient and very helpful 👌
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dick
Web page was quick and easy to use
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August 1
Great Customer Service & easy to get a…
Great Customer Service & easy to get a quote in minutes. Car Insurance premium a...
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July 30
Good experience was pretty quick
Good experience was pretty quick
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July 29
The agent was friendly
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July 29
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excellent
excellent, professional service
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July 23
Very kind and helpful
Very kind and helpful
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July 22
Easy to find easy to use website which…
Easy to find easy to use website which provided me with options.
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July 22
Excellent service
Excellent service
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July 21
They were great
They were great
ChristinaLain
July 21
Excellent pricing
Excellent pricing
pankaj joshi

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CustomerLocationVehicleLowest rateAverage rateSaved
Quote from October 02, 2022
Customer
Female, 33 years old
Location
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Vehicle
2013 CADILLAC XTS 4DR AWD
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$183/mth
$2,193/yr
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$326/mth
$3,907/yr
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$143/mth
43.87%
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Female, 28 years old
Location
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Vehicle
2011 CHEVROLET CRUZE LT TURBO 4DR
Lowest Rate
$132/mth
$1,583/yr
Average Rate
$195/mth
$2,340/yr
Saved
$63/mth
32.35%
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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