Finding affordable auto insurance for a new car in Canada can be a daunting task, especially with a variety of companies offering different rates. However, there are several insurance providers that stand out for their competitive pricing and excellent customer service. In this article, we will explore some of the cheapest auto insurance companies for new cars in Canada.
1. Intact Insurance
Intact Insurance is one of the largest providers in Canada, known for its comprehensive coverage options and competitive rates. They offer various discounts for safe driving, bundling policies, and even for installing anti-theft devices in your new car. Their user-friendly website allows customers to compare quotes quickly.
2. Aviva
Aviva is another major player in the Canadian auto insurance market. They provide flexible coverage options tailored to meet the needs of drivers with new vehicles. Aviva offers a range of discounts, including those for drivers who have recently completed a driver's education course or for low mileage on their new car. Their award-winning mobile app also enhances the customer experience.
3. The Co-operators
The Co-operators is known for its strong community presence and customer service. They often provide affordable rates for new cars, especially for those who bundle their auto insurance with home or life insurance. The Co-operators also have a unique program that rewards safe driving habits with lower premiums.
4. Economical Insurance
Economical Insurance has a strong reputation for offering some of the lowest rates in the country, particularly for new car owners. They provide a range of flexible coverage options and discounts that may apply if you’re a student, have multiple cars, or have previously been a loyal customer. Their quick quote process makes it easy to find a competitive rate.
5. Belairdirect
Belairdirect is a direct-to-consumer insurance company that prides itself on simplicity and affordability. Customers can easily manage their policies online, and Belairdirect offers exclusive discounts for safe driving, as well as easy payment options. Their competitive rates make them a smart choice for insuring a new car.
6. Allstate
Allstate is well-known for its customizable insurance plans that cater to new car owners. They provide various initiatives such as the Drivewise program, which rewards safe driving behaviors with discounts. Allstate also has a strong customer service track record, making it a reliable option for individuals looking to save on their insurance costs.
Tips for Lowering Your Auto Insurance Costs
When shopping for auto insurance for a new car, consider the following tips to ensure you get the best rate:
- Compare Quotes: Always gather multiple quotes from different providers to find the most competitive rates.
- Utilize Discounts: Look for discounts that apply to you, including safe driving, low mileage, or bundling with other policies.
- Increase Your Deductible: Choosing a higher deductible can lower your premium, but ensure you can afford the out-of-pocket cost in case of an accident.
- Maintain a Clean Driving Record: A clear driving history can significantly lower your insurance costs over time.
Ultimately, the key to finding the cheapest auto insurance for new cars in Canada lies in research and comparison. Evaluate each company's offerings, read customer reviews, and take advantage of available discounts to secure the best coverage at an affordable rate.
