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Learn more about Economical Insurance.

Founded in 1871, Economical is a proudly Canadian company that focuses on putting customers first. It's one of Canada’s leading auto and property insurance providers and was voted as P&C Insurer of the Year in 2016. 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.

Compare quotes from Economical Insurance on LowestRates.ca.

Consumer reviews for Economical.

ProvinceUser satisfaction rating
Alberta—
Atlantic—
Ontario

 

 

 

 

 

Quebec—

The Economical advantage.

Discounts

Economical 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.

Special programs

Economical also offers benefits to clients who meet certain eligibilities.

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.

How to submit a claim with Economical

To make a claim, contact your independent broker, or in the case of an after-hours claim, Economical’s 24-7 claim service line.

To make a claim:
1-800-607-2424
Quebec:
1-888-875-8088
Hours of availability:
The claims line is available nationally 24-hours a day, seven days a week, 365 days a year.

What else does Economical do?

Beyond standard car insurance policies, Economical offers specific protection for other vehicles, like antique cars, recreational vehicles, motorcycles and motorhomes.

In addition to covering Canadians on the road, Economical offers a suite of protections for home and business assets. Included on the roster are policies for homes, condos and rental units, as well as commercial property and vehicles. Economical also offers farm insurance that covers a wide array of agricultural assets, from wineries to hobby farms and livestock.

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