Matt Hands, VP, Insurance and MoneySense
Economical Insurance was founded in 1871 in Berlin, or what we now call Kitchener, Ontario. Today, Economical Insurance offers home, auto, liability, agriculture, and commercial insurance. They are the 9th largest property and casualty (P & C) company in Canada. In 2016, they won the P&C insurer of the year award from the Insurance Business Awards.
You can buy Economical Insurance through their direct agency, Sonnet Insurance, or from any home and car insurance brokerage.
Economical Insurance serves over 1 million Canadians.
Step 1: Share some information
Start by telling us a little about yourself and your insurance coverage needs.
Step 2: Compare the rates
We'll show you how Economical insurance quotes stack up against other top insurers.
Step 3: Enjoy the savings
Whether its Economical insurance or another insurer, you can choose the best rate for you.
Economical car insurance
Economical is a major car insurance provider with many available enhancements to their coverage options. Read below for more details.
Temporary Vehicle Replacement - If your car ends up in the shop due to an insurance-related event, Economical Insurance will pay for your rental car.
Rental car insurance - if you're renting a car, anywhere in North America, you can avoid the rental car insurance fees with an endorsement #27 added to your insurance policy.
Collision - Collision insurance pays for your cars repairs or its replacement following an accident where you're partially or wholly at fault.
Comprehensive - Comprehensive car insurance pays to repair your car if it's damaged while parked from things like vandalism or a falling tree.
Get an Economical car insurance quote
In under five minutes, compare personalized car insurance quotes online from Canada's top providers, for free.
Economical home insurance
Economical’s first home insurance policy was sold on November 25, 1871. Since then, they've expanded their service offerings to better protect your home. Read more below.
Optional coverages to enhance your home insurance policy
Earthquake insurance - If you live in an area prone to earthquakes or landslides, consider adding insurance for earthquakes which otherwise aren't covered.
Flood insurance - Floods from rising lakes, fast thawing snow, or sewer backups are more common than ever. Consider water damage insurance to protect yourself and your home from Canada's #1 claim.
First claim forgiveness - You've never needed to submit a claim, but if you finally do, don't let it increase your rates.
Disappearing deductible - A deductible is the amount of money you have to pay before you insurance company pays out the rest. Disappearing deductible happens over many claims-free years, you don't have to pay a deductible if you make a claim.
Green Assure - An increasingly popular option for the eco-concious who want to replace damages in their homes with environmentally friendly options like triple pane windows or high efficiency furnaces.
Get an Economical home insurance quote
In less than 5 minutes, compare home insurance quotes online from Canada's top providers, for free.
How can I purchase Economical Insurance?
Does Economical Insurance have accident forgiveness?
Does Economical Insurance cover rental cars?
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Matt Hands, Business Director of Insurance
With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read full bio
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