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Economical Insurance

1-800-607-2424

About Economical Insurance

Economical Insurance is a proudly Canadian company founded back in 1871. The organization came together when the little town of Berlin (now Kitchener), Ontario, sought to help their neighbours in times of hardship and disaster.

With its headquarters now situated in Waterloo, Ontario, Economical Insurance provides property and casualty insurance for individuals across the country.

Originally, Economical Insurance was named Economical Mutual Fire Insurance Company of Berlin, and espoused a philosophy of neighbours helping neighbours. While the name has changed slightly, Economical Insurance still holds true to its original ideals, helping those across Canada in their time of need.

With a high customer satisfaction post-claim rating, and accolades like the “P&C Insurer of the Year” for 2016, Economical Insurance’s main focus is ensuring their customers get the best possible service.

The company’s approach is best summed up by their mottos: “We focus on customers first,” “We bring our best,” and “We’re stronger together.”

What does Economical Insurance cover?

Economical Insurance offers coverage for myriad insurance needs.

  • Home insurance:  Whether you rent, own or have tenants; whether you need coverage for a home, apartment or cottage; Economical has a policy that will meet your needs.
  • Auto insurance:  Economical Insurance is there for all your auto insurance requirements, even if you have a less than perfect driving record.
  • Group insurance:  Groups are able to find reduced rates on home and auto policies.
  • Commercial insurance:  Business owners can choose from among several commercial insurance options.
  • Farm insurance:  The very first policy the company every issued was on a house and barn in 1871. In keeping with its roots, Economical Insurance still offers Farm insurance.

Ways to save with Economical Insurance

Clients are able to save money on their home insurance by maintaining claims or mortgage free status, or by installing specific home security and fire alarms.

Economical Insurance offers a number of discounts on auto insurance, including price reductions for experienced drivers, as well as for those with extra safety and anti-theft features. If you are a driver with a not so perfect driving record, Economical Insurance offers special insurance at competitive rates through their Perth Insurance division.

In addition to the specific home and auto discounts you can receive with Economical Insurance, customers can also save money by bundling their insurance policies together. Applicable discounts are also offered to eligible customers at the time of their renewal.