Economical Insurance
Learn more about Economical Insurance & save an average of $772* on Ontario car insurance with RATESDOTCA.
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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.
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 News Articles:
Ongoing rounds of tariffs may continue to strain homeowner's pockets - especially when it comes to home and auto insurance.
The Bank of Canada has cut its key interest rate by 25 basis points, lowering it to 2.75%, as it navigates ongoing trade tensions.
The Bank of Canada has cut its key interest rate by 25 basis points, lowering it to 3%, as it navigates trade tensions, inflationary concerns, and a cooling housing market.
With the overnight rate now at 3.25%, the housing market may be set to embark on a bumpy ride.
Could you pay your mortgage after a job loss? Here’s how to protect your ability to pay in a worst-case scenario.
Today the Bank of Canada cut its key interest rate by 50-basis points. Is today's double rate cut enough to incentivize buyers to re-enter the housing market? Let’s see what it means for the Canadian housing market.
Find more great auto insurance rates
*Shoppers in Ontario who obtained a quote on RATESDOTCA and transacted via our contact centre from July to December 2021 saved an average amount of $772. The average savings amount represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by RATESDOTCA.
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