Economical Auto Insurance Quote
Economical Insurance has been one of the largest carriers in Ontario and Canada for over a century. Founded in 1871, the Waterloo-based Property & Casualty insurance company offers automobile, home, liability, surety, and agriculture policies. Economical holds regional offices across Canada and currently enjoys a near-five-percent P&C market share.
The company is also one of the largest mutual insurance companies in Canada with 1.6 billion in mutual policyholder equity (2014). However, in late 2015, Economical Insurance announced it would take advantage of the federal government’s decision to allow P&C insurers to demutualize. After being granted policyholder and board backing, the company began the process of becoming a private company, a path that should be completed in 2018.
Over its long history, Economical Insurance has made numerous acquisitions and holds several significant subsidiaries. The largest is Economical Mutual Insurance Company. Other held companies are Perth Insurance Company, Waterloo Insurance Company, The Missisquoi Insurance Company, and Federation Insurance Company of Canada.
Auto, travel, and home insurance customers can shop for Economical Insurance quotes online with ShopInsuranceCanada.ca. Our powerful quote engine is easy to use and can surface quotes in under a minute. Shopping around for coverage is important as it ensure you get the best possible policy at the lowest possible price.
Unlike other outlets, ShopInsuranceCanada.ca does not work for Economical Insurance, or any other individual insurance company. This means we are impartial and can put the interests of the customer first. With our quote tool, you can get the best price from the company that suits your needs, with no strings attached.