Choose an Insurance Quote
How We Make Money at Rates.ca
Find out what allows us to keep our service free.
Compare insurance and financial products from companies you trust
Where our money comes from
Our quoters and financial tools are all free to use, which means that we don’t make any money from our customers. Instead, we are compensated by our partners – primarily insurance providers and financial institutions – who pay us once the customer connects with them through our website to purchase their product.
We always show our customers the best rate available based on their personalized inputs and selections. They will see the lowest price first and then decide whether to accept the offer or keep looking. There is absolutely no pressure for customers to accept any of the offers.
How we are compensated by vertical
The way we make money differs slightly by vertical. Here's the breakdown:
- Insurance*: Once our website matches the customer with their preferred insurance broker or insurance company we receive a flat fee for making the referral.
- Mortgage: When the customer is matched to the appropriate lender or brokerage, we receive a flat fee for making the introduction.
- Credit cards: Once the application for the credit card is approved by the bank or credit card company, we receive a fee.
So, I won’t be charged for anything on Rates.ca?
Correct. You won’t be charged for anything on our website. This means that you can compare rates on our site as much as you like without worrying about incurring any charges (we don’t even ask you for your payment information).
We believe in empowering Canadians to make better insurance and money decisions, which is why the choice to secure the best rate is always yours.
Does Rates.ca function like a brokerage?
No. Rates.ca is a comparison website, which means that it is in its own category – separate from brokerages. We work with insurance providers, mortgage brokers, and financial institutions to aggregate their available rates so you can compare them side by side.
This allows us to publish more rates than anyone else and for you to shop the market. You’ve likely already used comparison websites when looking for the best price for hotels or flights. Our services work similarly – by showing you all the rates in one place so you can find and select the best one.
What people say about our quotes
Based on 6,712 reviews
They were helpful and understanding
They were helpful and understanding
Jessica
Easy to use website
Easy to use website, friendly staff. I was impressed with how quickly a representative reached out to me, and they were able to quickly transfer me to the insurance broker to finalize my quote.
DCM
Easy to use
Easy to use. Always use it for travel insurance.
Bryan Auld
Great service and quote.
Great service and quote.
Ada Hermans
Quick
Quick, easy to use tool. Great comparisons. Follow up with live rep was quick
David W
Ease of use of the interface
Ease of use of the interface. Agents were polite and helpful
Sherwin Bandong
It's a good experience to use Rate.ca for quote.
It's easy, quick and clearly to get a quite online. The quoted price is quite favorable. Following the instruction in notification email, I made call get chance to talk to referred broker. The broker explained the quite in detail and answered all my questions in very knowledgeable, professional and polite way.
Y. Chen
Alexey Fedortsov
My broker, Alexey, was able to get a great rate of 3.81%- fixed-varible, during the current economic stressors, and was in constant communication with me throughout the process. I feel that Rates.ca is a great company to assist with getting you a fair mortgage and is supportive and caring. I recommend Rates.ca
Bridgette
Quick, Easy and Accurate
By far the quickest and easiest way to find your best mortgage rates! Nobody will hound you after getting your rates!! Highly reccomend using Rates.ca
sean
Latest News Articles:
Bank of Canada holds rates at 2.25% as weak growth clashes with oil-driven inflation. Housing, jobs, and consumer costs show signs of softening.
Bank of Canada holds rates as weak growth meets energy inflation, cooling housing demand and straining mortgage renewals.
Tenant insurance is a safety net for your belongings but doesn’t cover the building itself. Here’s what you need to know in case of accidental property damage.
After a sluggish 2025, EV interest in Canada is climbing again: searches are up 40%, and nearly one‑third of Canadians say they’re open to buying an electric vehicle.
Canada’s big five banks know fintech has the power to change the banking landscape forever – which is why they’re pouring investment into tech of their own. Here’s a breakdown of what each bank is doing to make their mark on the growing Canadian fintech landscape.
The Bank of Canada holds its rate at 2.25% amid rising oil prices and economic uncertainty, keeping variable mortgage rates stable but pushing fixed rates higher.
