Insurance brokers in Ontario can help you find the best insurance policy for your specific needs. Insurance brokers compare your budget and need with a variety of insurance plans to find the best one for you.
According to surex.com, the province of Ontario has the second-highest auto insurance rates in Canada (based on provincial averages in 2021). This leads to the question, “why is car insurance so expensive in Ontario?”.
The following are some of the reasons why car insurance is so expensive in Ontario: Poor weather, insurance fraud, rising vehicle repair costs, and high accident rates.
Due to these factors, an insurance broker in Ontario is your personal assistant when it comes to navigating the world of insurance.
In this article, we’ve channeled our focus on providing you with the list of both insurance brokers that help their clients to find the best insurance policy and auto insurance brokers who find the best auto insurance policy in Ontario.
Click here to check out other insurance brokers we’ve written on.
Best Auto insurance brokers in Ontario
According to the financial services commission of Ontario, all drivers in Ontario are required by law to have auto insurance.
Vehicle owners, lessees, and drivers who do not have valid auto insurance may face fines ranging from $5,000 to $50,000.
If you are caught driving without valid auto insurance, your license may be suspended and your vehicle impounded.
Here are the best auto insurance brokers in Ontario who can help you shop for your auto insurance policy.
1. Gordy Pandher | Cheap Car Insurance
Contact: +1 905-799-9942
Address: 20 Maritime Ontario Blvd Suite #220, Brampton, ON L6S 0E7, Canada
2. Auto Insurance – My Insurance Broker
Contact: +1 416-240-8888
3. Car Insurance Ontario
Contact: +1 844-774-6340
4. Levitt Insurance Brokers Ltd
Contact: +1 416-512-80605050
Address: Dufferin St Unit 119, North York, ON M3H 5T5, Canada
5. High-Risk Insurance Broker – Sound Insurance Services Inc Associates
Contact: +1 888-467-5499205
Address: Lesmill Rd, Toronto, ON M3B 2V1, Canada
6. DB Thomas Insurance Brokers Inc.
Contact: +1 905-842-80204145
Address: N Service Rd #405, Burlington, ON L7L 6A3, Canada
7. North Shore Insurance Brokers
Contact: +1 705-785-3704
Address: 9112 ON-17, Bruce Mines, ON P0R 1C0, Canada
8. ThinkInsure
Contact: +1 855-550-551511
Address: Allstate Pkwy unit 206, Markham, ON L3R 9T8, Canada
9. FirstOntario Insurance Brokers
Contact: +1 866-956-3642
Address: 2000 Garth St Suite 101, Hamilton, ON L9B 0C1, Canada
10. Able Insurance Brokers Ltd. – Cheapest auto Insurance
Contact: +1 866-619-2253
Address: 2560 Matheson Blvd E #400, Mississauga, ON L4W 4Y9, Canada
11. Absolute Insurance Brokers
Contact: +1 519-941-2266
Address: 71 5th Ave, Orangeville, ON L9W 1G3, Canada
Estimated Salary of insurance brokers in Ontario
The average insurance broker’s gross salary in Ontario, Canada is $103,811 per year or $50 per hour.
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This is 1% more than the average insurance broker salary in Canada (+$1,130). They also receive an average bonus of $19,475. Salary estimates based on salary survey data from employers and anonymous employees in Ontario, Canada.
The average salary for an entry-level insurance broker (1-3 years of experience) is $58,190. A senior-level insurance broker (8+ years of experience), on the other hand, earns an average salary of $132,223.
Best Insurance Brokers in Ontario
1. Insurance Brokers Association Of Ontario
The Insurance Brokers Association Of Ontario is a non-profit, membership-based organization that represents both large and small insurance brokerages in Ontario.
Their combined strength enables them to shape industry strategy and regulation, improve the quality of the broker profession, increase public awareness of the broker value proposition, and advocate for brokers and consumers throughout Ontario.
Contact: +1 416-488-7422
Address: 1 Eglinton Ave E Suite 700, Toronto, ON M4P 3A1, Canada
2. J P Uniac Insurance Broker Ltd
J P Uniac Insurance Broker Ltd is a family-oriented brokerage founded more than 40 years ago by local businessman and entrepreneur Joe Uniac.
After a few years, it was renamed J.P. Uniac Insurance Broker Ltd, their brokerage began by selling for only one insurance company; today, they have contracts with 12 companies, and they also provide coverage for their more specialized businesses through a number of other companies.
J.P. Uniac Insurance Broker Ltd. was purchased in 2005 by Jason and Carrie Uniac, who are continuing the excellent service that this family business has become known for.
Contact: +1 519-348-9012
Address: 48 Ontario Rd, Mitchell, ON N0K 1N0, Canada
3. Surex Insurance
Surex believes that people should always be prioritized. They have some pretty cool technology, and they can provide a personalized quote from up to ten of Canada’s best carriers to ensure their clients always get the best value.
So they make sure they have rockstars on their team, from their Advisors to their CSRs, Marketing to IT, because they know there is no I in “team” and everyone here makes things better for their customers, and they are very proud of their team.
Surex Insurance collaborates to help its clients find the best coverage for their needs at the best possible price.
Contact: +1 855-242-6612
Address: 3050 Harvester Rd, Burlington, ON L7N 3J1, Canada
4. All-Risks Insurance Brokers Limited
The Barrie office, like all of its locations, strives to provide professional and personal customer service to its clients.
The insurance brokers at their Barrie location are a group of experienced and knowledgeable RIBO-licensed insurance brokers, as well as attentive customer service representatives, who are eager to assist their clients.
They offer a wide range of property and casualty, life, health, and investment products and services. In a friendly and courteous manner, they provide their customers with a selection of high-quality insurance products from a number of reputable and secure insurance companies.
When dealing with the staff at All-Risks Insurance Brokers in Barrie, clients can be confident that they are well taken care of.
Contact: +1 705-881-7774
Address: 48 Alliance Blvd #210, Barrie, ON L4M 5K3, Canada
5. Ontario West Insurance Brokers
Ontario West Insurance Brokers Ltd. was founded in 1987 by Jim Marshall and Bill Boland.
They are adamant that insurance is best provided through relationships founded on trust and transparency.
Ontario West Insurance Brokers value maintaining contact with their clients and offering knowledge, advice, and expertise as needed.
It’s all about their interaction with their clients and ensuring that they’re taken care of with comprehensive policies designed specifically for them.
Contact: +1 519-657-1400
Address:1069 Wellington Rd Suite 208, London, ON N6E 2H6, Canada
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6. McAuley Insurance Brokers
McAuley Insurance Brokers‘ experienced team of licensed insurance professionals is dedicated to providing superior insurance advice at the most competitive prices.
They provide quality insurance protection from various insurance companies to their clients, giving them a wide range of options.
This allows them to provide their clients with the policy and coverage that best meets their needs.
Contact: +1 905-773-2995
Address: 4 Vata Ct unit 30, Aurora, ON L4G 4B6, Canada
7. ALIGNED Insurance Inc.
Andrew Clark, their President, and CEO founded ALIGNED because he wanted to provide a different kind of insurance experience to Canadian businesses.
ALIGNED is a premier insurance brokerage that was created to create, negotiate, and deliver the best business insurance and risk management strategies/solutions to small, medium, and large organizations in all industries.
They’ve assisted people in dealing with uncertainty and threatening risks by providing expert advice and better business insurance options.
Contact: +1 647-313-3223
Address: 100 King St W Suite 5600, Toronto, ON M5X 1C9, Canada
8. isure insurance inc.
isure is the leading online independent insurance brokerage in Canada. With a rapidly expanding client base throughout Ontario, they are looking to expand their team of insurance professionals.
At isure insurance, they are an independent insurance brokerage that provides Car Insurance, Home Insurance, and Commercial Insurance to customers throughout Ontario.
Contact: +1 877-514-7873
Address: 7000 Pine Valley Dr. Suite 101, Woodbridge, ON L4L 4Y8, Canada
9. Elmira Insurance Brokers Limited
Elmira Insurance Brokers ensures that their clients have the best coverage from the best partners in the business for their car, truck, or motorcycle. Elmira Insurance Brokers believes that their auto insurance policy should be just as dependable.
Their team will work with clients to ensure that they fully understand their car insurance and the options available to them.
Contact: +1 519-669-5484
Address: 45 Arthur St S, Elmira, ON N3B 2M6, Canada
10. Begin Insurance Inc.
Begin Insurance was formed by the merger of two digital brokerages, IDEA Insurance and BTI Direct Insurance, in 2019.
IDEA Insurance and BTI Direct Insurance both believed in combining the best features of a traditional brokerage with the best features of an online platform.
As a result, clients benefit from licensed brokers’ expert advice and personal touch, as well as the efficiency and variety of a digital brokerage. In 2019, the two companies joined forces to expand on these advantages.
Contact: +1 844-774-6340
Address: 90 Allstate Pkwy Suite 202, Markham, ON L3R 6H3, Canada
In Ontario, how is auto insurance calculated?
In Ontario, car insurance is calculated based on a driver’s history of driving infractions, at-fault accidents, tickets, suspensions, lapses in coverage, and driving experience.
Here’s an article on Auto Insurance Renewal
Furthermore, the vehicle and its intended use are rateable components of the overall auto insurance premium. Insurance premiums can differ depending on the company and its eligibility requirements.
Conclusion
Insurance protects individuals or businesses against future losses, such as damage from a car accident or items stolen from their homes. Insurance brokers in Ontario get you covered for finding the best insurance policies for you.
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