How to buy car insurance

How to buy car insurance

If you want to head out on the highway, or for that matter, any road in Canada, you’ll need auto insurance — it’s mandatory. Here’s an extensive guide to buying car insurance.

Hayley Vesh
Hayley Vesh

October 12, 2021

9-minute read

Calling the first car insurance company you see on TV or picking your relative’s provider won’t necessarily buy you the best car insurance. That’s because car insurance companies rate every driver differently, using several factors like your age, home address, and driving history — details which are unique to you.

About the author

Hayley Vesh

Hayley Vesh is an editor/writer in the personal finance space. Her work has also appeared in Global News. She is passionate about financial literacy and the pursuit of knowledge through lifelong learning.

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REPORT: Auto insurance rates drop even lower in Q2 2021 as drivers keep cars parked
REPORT: Auto insurance rates drop even lower in Q2 2021 as drivers keep cars parked

Car insurance rates plunged in Ontario and Alberta this spring, while rates stayed flat in Atlantic Canada.  

Thunder Bay

Find the best insurance for your home in Thunder Bay by using our free, online quote tool to compare rates from the 50+ best companies in Canada.

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See how our customers in Thunder Bay save big on home insurance.

 

Tips on how to lower the cost of your property insurance in Thunder Bay.

Getting insurance for your home is easier than you think. To get the lowest rate possible, the Financial Consumer Agency of Canada recommends following these steps when shopping for home insurance.

Compare home insurance quotes from various providers.

Home insurance news

*Shoppers in Ontario who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 30%. The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes tenant and condo insurance.

Dieppe

Find the best insurance for your home in Dieppe by using our free, online quote tool to compare rates from the 50+ best companies in Canada.

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34,427 Canadians

have compared rates and saved money over the last 24 hours

How comparing home insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

 

Tips on how to lower the cost of your property insurance in Dieppe.

Getting insurance for your home is easier than you think. To get the lowest home insurance rate possible in Dieppe, the Financial Consumer Agency of Canada recommends following these steps:.

Compare home insurance quotes from various providers.

Home insurance news

*Shoppers in Canada who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 32% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes condo and tenant insurance.

St. John's

Find the best insurance for your home in St.John’s by using our free, online quote tool to compare rates from the 50+ best companies in Canada.

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34,427 Canadians

have compared rates and saved money over the last 24 hours

How comparing home insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

 

Tips on how to lower the cost of your home insurance policy in St. John’s.

Getting insurance for your home is easier than it may seem. To secure the best price for home insurance in St. John’s, the Financial Consumer Agency of Canada recommends following these steps when shopping for home insurance.

Home insurance news

*Shoppers in Canada who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 32% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes condo and tenant insurance.

The best home insurance companies in Canada

The best home insurance companies in Canada

We’ve taken a look at the most popular home insurance companies in Canada along with which of their products and services have helped make them so. Our findings reflect the average responses of LowestRates.ca users in 2021, who used our quote tool, selected one of the quotes they received and connected with a broker to secure the associated policy.

Katie Rook
Katie Rook

September 16, 2021

10-minute read

About the author

Katie Rook

Katie Rook is a content manager in the personal finance space, specializing in home insurance. She has been a full-time reporter at CTV, National Post and Globe and Mail. Her work has also appeared in Dow Jones’ MarketWatch, Toronto Star, Toronto Life, Saint John Telegraph-Journal and VICE. Katie is a graduate of Ryerson and Dalhousie universities.

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REPORT: Condo insurance rates keep rising amid more expensive building materials and claims
REPORT: Condo insurance rates keep rising amid more expensive building materials and claims

Condo insurance premiums are continuing to rise in Canada, sustaining a years-long increase that experts believe will last through the first two quarters of 2022, at least.

What is an emergency mortgage, and how does it work?

What is an emergency mortgage, and how does it work?

An emergency mortgage is a last-minute, short-term loan. Mortgage lenders can withdraw their offer to lend homebuyers money at any time — and there are several reasons why.

Jane Switzer
Jane Switzer

September 8, 2021

4-minute read

If a bank or broker revokes your mortgage financing at the last minute, you might find yourself in need of an emergency mortgage loan. The definition is simple: it's a short-term, last-minute mortgage loan for homebuyers whose financing has fallen through. 

About the author

Jane Switzer

 

​Jane Switzer is a writer, editor and native Torontonian. She got her start working in daily journalism, and was formerly a content manager for LowestRates.ca. She has written about personal finance and investing for websites like Wealthsimple, Tangerine Bank and Ratehub.ca. You can find her on Twitter: @janeswitzer.

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Levis

Compare the best home insurance quotes in Levis for free.

Compare the lowest Levis property insurance quotes and save up to 32%*.

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34,427 Canadians

have compared rates and saved money over the last 24 hours

How comparing home insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

 

Tips on how to lower the cost of your property insurance in Levis.

Getting insurance for your home is easier than you think. To get the lowest rate possible, the Financial Consumer Agency of Canada recommends following these steps when shopping for home insurance.

Compare home insurance quotes from various providers.

Home insurance news

*Shoppers in Canada who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 32% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes condo and tenant insurance.

Trois-Rivieres

Compare the best home insurance quotes in Trois-Rivieres for free.

Compare the lowest Trois-Rivieres property insurance quotes and save up to 32%*.

Get 50+ quotes in 3 minutes.

 

34,427 Canadians

have compared rates and saved money over the last 24 hours

How comparing home insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

 

Tips on how to lower the cost of your home insurance policy in Trois Rivieres.

Getting insurance for your home is easier than it may seem. To secure the lowest rate possible, the Financial Consumer Agency of Canada recommends following these steps when shopping for home insurance.

Home insurance news

*Shoppers in Canada who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 32% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes condo and tenant insurance.

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