Economical Insurance

Learn more about Economical Insurance & compare quotes from 30+ car insurance companies!

Rates.ca Car Insurance

Welcome to Canada's premier destination for finding the best Ontario car insurance and Alberta auto insurance rates! Whether you're a brand new driver looking to get auto insurance for the very first time, an existing driver with a policy up for renewal or a curious shopper simply interested in knowing whether you're getting a good deal on your existing policy, Rates.ca is the service for you.

Our comparison service makes it possible for you to obtain quick car insurance rates in a matter of minutes. Avoid having to shop around with several insurance companies and instead use Rates.ca to access all the best car insurance rates all in one spot!

logo-Intact.png
Aviva_Company-logo_1928.jpg
logo-Jevco.png
logo-Zenith.png
logo-RSA.png
logo-CAA.png

About Economical Insurance

Economical Insurance was founded in Berlin (now Kitchener), Ontario, in 1871, by a group of citizens wanting to help their neighbours during times of disaster. At the time, it was called the Economical Mutual Fire Insurance Company.

By purchasing companies such as Langdon Insurance, Western General and Perth Mutual, Economical Insurance is able to offer home, car, group, business and agricultural insurance.

It serves more than one million Canadians through national independent brokers, and with a digital direct brand called the Sonnet Insurance Company.

Economical Insurance prides itself on outstanding customer service. It has a 92 percent customer satisfaction score in post-claim surveys.

Flexible auto and home insurance policies

Get flexible insurance coverage for all types of vehicles including:

  • Car insurance and other vehicles like vans and trucks
  • ATVs and snowmobiles
  • Motorcycles and mopeds
  • Antiques and high-value vehicles
  • Camper, trailer or RV

Customers can choose from the following packages to protect their property and belongings:

  • Home insurance – for your principal residence
  • Home away from home – cottage or second home insurance
  • Insurance for an investment property – insurance for landlords
  • Home office – for business services who work from home
  • Hobby insurance – for boat owners

Great service

Economical wants to make sure that along a great insurance rate, you’re also getting great service! It offers 24-hour emergency assistance and, once you call in a claim, an approved contractor or repair facility will get to work right away. You can get an on-site car rental pick-up at a Certified Economical Repair Facility and there’s a lifetime guarantee (while you own the car) on repairs to your vehicle.

Recent auto articles

Car Accidents in Parking Lots: Who Is at Fault?

Get the lowdown on how a collision or fender-bender in a parking lot can affect your auto insurance rate. Read more

Ontario Auto Insurance Rates Going Up (Again)

The Financial Services Regulatory Authority of Ontario okays another car insurance increase. Read more

Auto Insurance Rates Spike in Alberta

The cost of private passenger car insurance is going up in Alberta, in some cases by as much as 30%. Read more

Are You and Your Car Ready for Winter?

Winter calls for defensive driving and ensuring your vehicle can tackle whatever comes your way. Read more