How to Compare Insurance Quotes in Canada
Hold the risk and coverage constant, compare the total cost and verify the issued documents before deciding.
Put two or three quotes side by side
Add the full payment schedule, separate charges, limits and deductibles from each offer. Keep a printable report with the price differences and your coverage notes.
Open the quote comparison calculator →Choose a quote question
Each guide includes a checklist you can work through with your written offers. Mark the items you have reviewed, then download a text copy with your progress, questions and space for notes.
A defensible comparison has four controls
Give every provider the same people, property, vehicle, use, history and effective date.
Align limits, deductibles, endorsements, valuation and optional coverage.
Compare the annual premium and list instalment, finance and service charges separately.
Confirm acceptance, effective date, declarations, wording and endorsements.
Open the checklist for the product
A price screen does not establish the complete contract
A quote is based on supplied information and proposed terms. Confirm that coverage is accepted and effective, then compare the declarations or certificate, policy wording and endorsements with what was quoted.
Use your own figures
New purchase, renewal and claim are different stages
Quote research helps compare proposed coverage. Renewal research compares a new term with an expiring policy. Claims research starts only after a loss. Keeping the three stages separate prevents a market estimate from being mistaken for issued coverage or a claim decision.