icon

Economical Insurance

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

Compare rates from car insurance companies you trust

sonnet insurance logo
Intact insurance logo
CAA logo
Aviva logo
Allstate Insurance Logo
Jevco insurance logo
Economical Insurance logo
Zenith Insurance logo
Gore Mutual Insurance logo
Cheiftain Insurance logo
Wawanesa Insurance Logo
Coachman Insurance logo
Dominion logo square.png
Desjardins Insurance logo
echelon insurance company
Millennium.png
OTIP.png
PAFCO insurance logo
pembridge insurance logo
Scottish & York Insurance logo
SGI.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.

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.

+ Expand

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
Latest auto articles
Speeding Tickets May Cost You More Than You Think
Traffic violations can be serious. Not only do they carry an immediate fine, but also end up on your driving record, and there’s a good chance they will affect your insurance premium as well. Find out how much they could cost you, and what to do about it.
What You Need to Know About No-Fault Insurance in Ontario
The term ‘no-fault insurance’ is confusing. Does it mean no one is to blame for a car accident? Not exactly. Find out how no-fault insurance works in Ontario.
Cheap(er) Car Insurance: Strategies to Save Money
There are options to lower the cost of your auto insurance. Here are some simple strategies that can help reduce your premium.