TD Car Insurance Quotes in Ontario

About TD Insurance

As a subsidiary of the Toronto-Dominion (TD) Bank Group, a leading financial institution in both Ontario and Canada, TD Insurance is one of the top three personal home and auto insurance groups in the country. It offers products across the general insurance and life and health insurance sectors, including the following:

• Auto Insurance
• Home Insurance
• Life Insurance
• Health Insurance
• Travel Medical Insurance
• TD Protection Plans
• Motorcycle and Recreational Vehicle Insurance
• Business Credit Life Insurance

Serving over 1.2 million auto and home insurance customers across Canada, TD prides itself on connecting customers to the best solutions for their needs for an affordable price. As part of this effort, it has created an insurance disclosure document that shows how much its representatives are compensated, allowing customers to know exactly what they’re paying for.

Read on to learn more about TD Insurance and see if it suits your needs. Alternatively, you can shop around for the cheapest premium by comparing car insurance quotes for free from over 50 providers with RATESDOTCA.

TD car insurance features

If you’re planning to purchase car insurance from TD in Ontario, here are some of its biggest features:

TD Insurance Decreasing Deductible

Also known as the ‘declining’ or ‘disappearing’ deductible, this free insurance endorsement allows you to drop your deductible by 10% every year, as long as you remain claim-free. For instance, if your deductible is $500 (which is the typical amount), then after your first claim-free year, your deductible would go down to $450. After the second year, it would go down to $400, then to $350 in the year after and so on – until it goes down to $0. The lower the deductible, the less you have to pay out of pocket should something happen to your vehicle.

There are several caveats, however. Firstly, this feature will apply only for as long as you remain claim-free. Once you make a claim, your deductible will go back to its original amount at the next renewal. Secondly, this applies only to Collision or All Perils coverage with deductibles of $500 or lower. And lastly, events like glass breakage of $200 or less, not at-fault collision or hit and run will not be considered a claim.

TD MyAdvantage

TD MyAdvantage is a usage-based app for your smartphone that allows you to save up to 25% on your premium – as long as you drive safely. Once you install and log into the app, it will begin capturing your driving data on each trip. This includes your GPS locations, mileage and driving behaviour, such as your speed, acceleration, turning and braking. Based on this information, you will receive a driving score that TD will use to calculate your premium discounts. The safer you drive, the greater the discounts will be. You start out at 10% just by enrolling in the app.

Additionally, the app includes tips and advice based on your driving habits that may help you become a safer driver. You can also earn badges by completing challenges that test how safely you drive.

TD Accident Forgiveness

TD Accident Forgiveness is an add-on to your car insurance that will protect you from an at-fault or partially at-fault accident, provided it’s the first accident in the last six years. Basically, TD Insurance will ‘forgive’ the accident by not increasing your premium upon renewal. The feature applies on a per vehicle basis and works for cars, motorcycles and motorhomes.

To be eligible, you must have car insurance with TD and be accident-free for the last six years.

TD Grand Touring

Grand Touring is a good add-on to your car insurance, if you plan on driving over long distances in Canada and the US. If you get into an accident, or if your vehicle is either stolen or vandalized somewhere in the US or Canada, this will cover you for the rental of a replacement vehicle.

To be eligible, you have to have car insurance with TD. This applies to private passenger cars only.

Green Wheel Discount

If you drive a hybrid or electric car – a vehicle that’s considered ‘green’ – then you may be entitled to a special discount. It’s a way for TD to reward individuals for contributing toward reducing both smog and greenhouse gas emissions. The discount is applied automatically on new policies, vehicles or substitutions. If it’s an existing policy, the discount is applied upon renewal.

TD MyInsurance

MyInsurance is TD Insurance’s online portal that allows you to update your home and auto policies, add or change vehicles and drivers, update your billing information, such as your credit card details, and pull up your insurance documents, including your pink card. You also get the benefit of using the TD Insurance app, which provides the same benefits, but on the go. One of the most important benefits of MyInsurance is that it allows you to go paperless. You can even download your pink card to your smartphone.