How to Compare Car Insurance Quotes

Looking for car insurance? Comparing quotes isn't as easy as you think. With standard and optional car insurance coverage available to you, it's important to ensure that each quote is consistent in terms of the level of coverage offered – and that the policy will provide the protection you need. Pay attention to things like coverage limits, deductibles, and other add-ons that may differ across insurers and could impact your monthly premium. In some cases, paying a little more upfront for your insurance may end up saving you money in the long run.

Know Your (Insurance) Options

To legally drive a car in Canada, you need to have insurance. But not all car insurance coverage is created equal. Standard auto insurance is the minimum level of coverage that you're required to have by law to drive a car. Depending on your province, that may include Personal Liability, Accident Benefits, Direct Compensation and Property Damage, and Uninsured and Unidentified Automobile Coverage. Optional insurance on the other hand, offers add-ons for broader coverage. This is additional insurance coverage that you can choose to purchase based on your needs. Optional auto insurance coverage can include Specified Perils, Collision or Upset Insurance, Comprehensive Insurance, or All Perils. Of course, opting for mandatory coverage only will give you a cheaper car insurance quote.

Collision coverage insures your vehicle against damages that may result if your car comes into contact with another vehicle or object, like in an at-fault accident or a hit and run. Comprehensive coverage protects your car from loss or damage from other non-Collision related claims, such as (but not limited to) fire, vandalism, and damage caused by hail. With both coverage options, you'll need to pay your deductible to repair or replace your car when you submit a covered claim – but won't need to pay the full cost to fix or replace your vehicle. Your insurance coverage will kick in to take care of the rest, as outlined in your policy.

If you own your vehicle outright (versus leasing or financing it), Collision and Comprehensive coverage are optional. However, removing these or other optional coverages from your insurance policy could end up costing you more money out of pocket. If something happens to your vehicle that's not included under your mandatory coverage and you don't have additional coverage, you'd be responsible for replacing or repairing your vehicle without help from your insurance company.

When comparing car insurance quotes, it's important to consider your financial situation as well as the value of your vehicle. If you wouldn't be able to repair or replace your car without putting a strain on your finances, you may want to consider paying the extra premiums to include Collision and Comprehensive coverage options in your car insurance policy.

A TD Insurance advisor can help you choose the car insurance that's right for you, so you can hit the road feeling confident in your coverage.

Get the Insurance Coverage You Need

Take the time to ensure your personal details are correct when shopping for car insurance quotes. By answering each question accurately, you'll know that the information you provide is consistent across quotes when comparing coverage and pricing. Plus, you can rest assured that you're not missing out on potential savings. For example, if you insure two or more vehicles from the same residence or household, you'll qualify for a multi-vehicle discount with TD Insurance. Taking the time to add all drivers and vehicles to your quote will give you a clear picture of the cost of your car insurance – and how much you can save – which will help when comparing quotes from different insurance companies.

Want to see how much you could save on car insurance with TD Insurance? Get a quote online in minutes.

Consider Additional Insurance Options

When shopping for car insurance, options like our Grand Touring Solution are an extra cost but may ultimately add value to your policy. Through the Grand Touring Solution, we’ll provide you with a replacement (rental) vehicle if you’re involved in an accident, or your vehicle is vandalized or stolen. You’ll also have liability coverage for damage to non-owned vehicles, like rental cars, up to a limited amount – and that coverage extends to anybody insured under your policy.

Ask About Extra Perks

Sometimes the little things make the biggest difference, like being rewarded for your claims-free driving history or extra care if you've been in an accident. When considering car insurance quotes, ask each insurance provider about the ways they're able to support their customers and factor those answers into your decision when choosing a car insurance policy.

We reward drivers by offering savings on car insurance, depending on the number of consecutive claims-free years you've been on the road - including the number of claims-free years with your previous insurer. That means both new and existing TD Insurance auto insurance customers can save with our Claims-Free Reward.

We also understand that accidents happen sometimes. TD Insurance customers benefit from a lifetime warranty on car repairs when they visit one of our TD Insurance Auto Centres or preferred vendors following a claim. Our Auto Repair Warranty applies as long as you own or lease your car and are insured with TD Insurance.

In addition, if you’ve been accident-free for the last 6 years and you have Accident Forgiveness coverage on your car insurance policy, we’ll “forgive” your first at-fault or partially at-fault accident. In other words, when your coverage renews, that accident won’t negatively affect your premium.

Get a Car Insurance Quote Online

We want to help you get affordable car insurance coverage to fit your needs. From online discounts and preferred rates, to our multi-vehicle discount, we've got plenty of ways to help you save on car insurance. Get a quote online in minutes.

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The content on this page is for general information purposes only and does not constitute legal advice. Coverages described herein may be subject to additional eligibility criteria, limitations and exclusions. In the event you make a claim, potential indemnification is also subject to the receivability of the claim and the type of coverage you bought.

In the case of conflict between the content on this page and your policy wordings, your policy wordings shall take precedence. Please speak to an Advisor or consult your policy wordings for further details.