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Canadian Insurance

Discussion in 'Canada' started by Bignikk, May 29, 2017.

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  1. Bignikk

    Bignikk Member

    Joined:
    Mar 14, 2014
    Messages:
    61
    Location:
    Toronto
    Hello Everybody,
    What are my fellow Canadians/Ontarians doing for Insurance.
    I just heard from Innova, Costco's Insurance Broker, that they will not insure the Model X because of the self-driving capability.
    Any help here would be fantastic.
    Thank you kindly,
    Nick
     
  2. wayner

    wayner Active Member

    Joined:
    Oct 29, 2014
    Messages:
    2,561
    Location:
    Toronto
    I use the Guarantee Company of NA.

    I wonder why they don't want to ensure self-driving vehicles? Because they are too safe?
     
  3. Navsarin

    Navsarin SP100D

    Joined:
    Nov 28, 2015
    Messages:
    391
    Location:
    Canada
    We are with TD Monnex. Great rates. Good EV discount. Chubb will also do all high ends 80k and over.
     
  4. agloutney

    agloutney Member

    Joined:
    Jul 6, 2014
    Messages:
    380
    Location:
    Montreal
    Probably because they are so safe they are a real threat to their business. Self driving cars are poised to reduce insurance premiums by 90% so maybe they don't want to support that. Just my opinion though so who knows.
     
  5. CadillacJack

    CadillacJack Member

    Joined:
    May 21, 2015
    Messages:
    73
    Location:
    Mississauga, Canada
    The Personal (Desjardins) for me. Deductible was mandated at $1k based on replacement cost, but rate is reasonable.
     
    • Like x 1
  6. Doug_G

    Doug_G Lead Moderator

    Joined:
    Apr 2, 2010
    Messages:
    16,987
    Location:
    Ottawa, Canada
    I'm with TD Meloche Monnex.
     
  7. Aussie Bob

    Aussie Bob Member

    Joined:
    Sep 1, 2014
    Messages:
    323
    Location:
    Ottawa, Ontario canada
    I am with TD Monnex also
     
  8. sakimano

    sakimano Member

    Joined:
    Mar 20, 2017
    Messages:
    359
    Location:
    Ontario, Canada
    I think it's because they view the concept of self driving as risky because it's not self driving. It's a driver assistance suite but unfortunately some people are acting like they have FSD, causing accidents,sometimes catastrophic.

    On top of that, tesla has a reputation of taking forever to fix the cars and the insurers are on the hook not only for repair costs but also rental cars for weeks etc.

    So I get it. It's early.
     
  9. wayner

    wayner Active Member

    Joined:
    Oct 29, 2014
    Messages:
    2,561
    Location:
    Toronto
    That fatal Tesla accident was over a year ago and you haven't heard of any accidents since then. And even then the deaths/ miles driven was safer for autopilot then for other vehicles. If there have been no additional deaths since then you would have to say that autopilot is WAY safer than human drivers.
     
  10. Vawlkus

    Vawlkus Member

    Joined:
    Feb 28, 2017
    Messages:
    92
    Location:
    Halifax
    I'm looking at signing with RBC car insurance.

    I originally had a broker, but they said no one they had would insure my Tesla except some company I've never heard of who wanted triple the money any other quote I've gotten since.
     
  11. rypalmer

    rypalmer Member

    Joined:
    Aug 22, 2014
    Messages:
    687
    Location:
    Canada
    I'm insured with Intact. It was a little more money, but they accepted a lower deductible and let you Uber and Turo your car at no extra premium.
     
    • Informative x 1
    • Like x 1
  12. hingisfan

    hingisfan hingisfan_Mark_V

    Joined:
    Oct 19, 2013
    Messages:
    995
    Location:
    Kingston, Ontario
    TD MM here too.... Rates were similar to my 12 year old Altima. $85 per month with $500 deductible and full replacement coverage.
     
  13. Terapin

    Terapin Member

    Joined:
    Sep 3, 2014
    Messages:
    194
    Location:
    Pickering, Ontario
    I'm with Trader's Insurance. $500 deductible, full replacement cost, just over $100 a month, Toronto area driving rate. Not unhappy.
     
  14. iKhalid

    iKhalid Member

    Joined:
    Feb 18, 2014
    Messages:
    707
    Location:
    Ottawa, ON
    CIBC/Desjardins Insurance (Certas Direct) is worth looking into.
     
  15. RyersonX

    RyersonX Member

    Joined:
    Jan 2, 2017
    Messages:
    20
    Location:
    Richmond Hill, Ontario
    The personal did mine. $200 a month with $1000 deductible is the best rate I can get. I am 26 and got 1 ticket though.
     
  16. cwave1

    cwave1 Member

    Joined:
    Oct 26, 2013
    Messages:
    283
    Location:
    Mississauga, ON, CANADA
    I'm using RBC (Aviva) and I'm paying about $110 / month with $300 deductible (it goes down $100 / yr with no claims).
     
  17. mknox

    mknox Well-Known Member

    Joined:
    Aug 7, 2012
    Messages:
    9,154
    Location:
    Toronto, ON
    Ditto.
     
  18. Vawlkus

    Vawlkus Member

    Joined:
    Feb 28, 2017
    Messages:
    92
    Location:
    Halifax
    Odd, my deductible with RBC/Aviva is higher. Gonna haveta look into that.
     
  19. wayner

    wayner Active Member

    Joined:
    Oct 29, 2014
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    2,561
    Location:
    Toronto
  20. rpm001

    rpm001 Member

    Joined:
    Mar 26, 2017
    Messages:
    174
    Location:
    Toronto
    $84/mo with The Personal. But $2k deductible. Said they don't do any lower on "premium cars". $6/mo lower than my 10yo Infiniti G35.
     

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