Arch Insurance Company Canada Car Insurance Review

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Arch Insurance (Canada) Insurance Company Overview

company

If you’re looking for an insurance company that provides insurance in various countries all over the world, you could consider getting insurance with Arch Insurance. The company was founded in 1995 and has its headquarters in Hamilton, Bermuda. Arch insurance helps to provide insurance in the US, Canada, Australia, South Africa and even in Europe. Arch insurance is a public company and they have been since day one. The company has been around for a fairly long time, which is why you should be too alarmed that large insurance posted a loss in 2015 of $9,662,000. The company is still running strong and you should feel comfortable getting insurance with them, as a company that can take that much of a loss and still continues to operate definitely cares about its customers.

Products Offered by Arch Insurance (Canada) Insurance

offered

Since Arch Insurance was founded back in 1995, the company has done quite a bit of adapting in order to offer insurance packages worldwide to meet the needs of their customers. If you are looking around for insurance, you are probably looking for something pretty specific as all customers tend to have different insurance needs. It is important to make sure that you get the coverage that you want/need as far as insurance is concerned so that you are covered how you want to be covered in the event that something bad happens. To help you decide if Arch Insurance Company is a company that you want to go with, here are some of the many products that they currently offer:

Auto Insurance:

  • Lowest quotes
  • Customer policy
  • Discounts as a result of credit scores, driving  records, age and location
  • Insures people that don’t have a perfect claims record

Life:

  • Liability
  • Casualty
  • Rehabilitation/ medical coverage

Home:

  • Fire
  • Environmental damages
  • Accident
  • Liability
  • Mortgage

Recreational:

  • Vehicles and marine craft
  • Personal items
  • Trailers

Arch Insurance Company Canada Car Insurance Review

If you are thinking about potentially getting insurance with Arch Insurance after seeing what they have to offer, you might want to learn about the quantity of business that they conduct. The more business a company does, the better, as this generally proves that the company offers competitive rates and good service to their customers. One good way of being able to tell how much business an insurance company does is to look at their total written auto premium. This number stands for the total amount of money that the insurance company collected before having to pay out any claims to its clients. The total written auto premium of Arch Insurance Company in 2015 was $3,956,000. This is by no means one of the top numbers in the insurance industry, however, it is definitely respectable.

Arch Insurance Company Canada Car Insurance Products:

Broker:

One thing you are definitely going to like about Arch Insurance is that they offer agents to find you the best offer available. The agents will keep your budget and coverage needs in mind and find you the most suitable insurance policy. The company will show you the best and worst parts of various insurance policies. This will make ensure you make a properly informed decision as to which policy you want to go with.  Rather than having to spend days searching for quotes online, you can get quotes in minutes from Arch Insurance.

Discounted Price:

When Arch searches for an insurance policy for you, they make sure that you get as many discounts as possible.  The company will take your driving record, credit score, age, and location into account. They see what discounts you qualify for and slot you into those discounts appropriately. Arch Insurance prides itself on being able to get you the best possible deal and the coverage that you need. While at the same time, still providing you with insurance that offers value and that offers you coverage in the event of something happening.

Collision and comprehensive coverage:

If you have a new vehicle, you might want to find an insurance company that offers comprehensive coverage. A new vehicle is a huge investment. Comprehensive coverage is the best way to protect yourself against an accident or theft. Arch makes every effort to give you the amount of coverage that you need for your own peace of mind. In fact, Arch is willing to give their clients coverage up to the entire value of their vehicle. As in the same value, their vehicle was when it was bought off of the lot. This is a great way as a consumer to protect your investment. It is nice to know that you will still be able to afford a new vehicle thanks to your insurance company in the event that your vehicle becomes un-driveable as a result of being stolen or getting into an accident.

Fast Quotes:

In order to provide you with premium service, Arch Insurance Company has a 24/7 company email. This allows you to be able to get in touch with them in an instant. Emails are great as they allow you to be able to ask questions that you have without wasting phone time. However, they do have a phone number that you can call toll-free in case you actually need to have a discussion with someone. The company has employees located all over the world. Expect to be provided with fast quotes and good customer service from this company.

Arch Insurance Company Canada Total Sales/ ranking by province:

ranking

To assist you in being able to decide if Arch insurance is a company that you want to get insurance with, you might want to see if the company is popular in your area. One of the best ways to see how popular the company is in your area is to check to see how much money they make in each province before claims are taken off. To show you the popularity in your province, we have rounded up Arch Insurance Company’s direct written premium totals in each province and how they ranked compared to other insurance companies. Here are the results that we found:

Province:Direct Written Premiums 2015Ranking on Top 30
Newfoundland4,00029
Prince Edward IslandN/AN/A
Nova Scotia110,00028
New Brunswick15,000N/A
Quebec57,00023
Ontario2,284,000N/A
ManitobaN/AN/A
Saskatchewan21,000N/A
Alberta1,420,000 BC:N/A
British Columbia21,00023
Yukon Territory–5,000N/A
Northwest Territories–4,000N/A
NunavutN/AN/A

Resources:

https://en.wikipedia.org/wiki/Arch_Capital_Group

https://archinsurance.net/auto-insurance/

https://www.archcapgroup.com/Insurance/Regions/Canada/Claims