Gore Mutual Insurance Company Car Insurance Review

  • Gore Mutual Insurance

Gore Mutual Insurance Company Insurance Company Overview

company

If you want to get an insurance company that has been around forever in order to have some peace of mind, you could definitely think about going with Gore Mutual Insurance Company. Gore Mutual Insurance was actually founded way back in 1839 in Brantford, Ontario. The company has over 300 employees across Canada with two different offices in Canada: one in Cambridge, Ontario and the other in Vancouver, British Columbia. For not being a massive company with a ton of employees, Gore Mutual Insurance certainly does make a lot of money in Canada. In fact, in 2015 the company ranked 36th amongst insurance companies in Canada profit-wise with a total profit of $15,710,000 after claims were paid.

Products Offered by Gore Mutual Insurance Company

business insurance

One great thing about an insurance company being around for such a long period of time is that they developed a ton of different products over the years to appeal to the changing needs of consumers. Gore Mutual Insurance is no exception. The company has been around since 1839 and evolved their business practices according to today’s standards. Here is a list of some of the things that Gore Mutual Insurance Company has to offer:

Personal:

  • Auto collision coverage (damage done to the vehicle or vehicles)
  • Auto standard coverage (injury, property damage, medical and rehabilitation etc.)
  • Auto comprehensive (environmental damage, vandalism etc.)
  • Loss of use coverage (payment for rental vehicle)
  • Home
  • Condo
  • Tenants
  • Seasonal home
  • Home based business
  • Natural disaster home insurance
  • Valuables/ personal items
  • Identity theft
  • Liability
  • Agriculture

Business:

  • Commercial product
  • Commercial auto and auto fleets
  • Equipment breakdown
  • Loss of income (breakdowns, theft etc.)
  • Liability
  • Cyber breach
  • Legal advice

Gore Mutual Insurance Car Insurance Review

To decide if Gore Mutual Insurance is a company that you want to deal with, you will want to learn a bit more about how much business they actually conduct. How much business a company does helps with understanding how difficult the company is to work with and how easy they are to access for the average person. The more business a company does, the more likely it is that they will have products available to suit your needs. To help give you an idea, the total written auto premium for Gore Mutual Insurance Company was $185,199,000 in 2015. This means that they collected just over 185 million dollars from clients before having to pay out any claims. This is by no means a small amount of business conducted and it goes to show how well Gore Mutual has succeeded throughout the years it has been around for.

Gore Mutual Insurance Car Insurance Products:

Driving Record Protection:

A lot of people worry about having that first accident and how it might have a big impact on their insurance premium. If you have had a good driving record for quite some time, you may qualify to be able to get driving record protector coverage. This coverage will keep your driving record clean in the event of your first at-fault accident and it is definitely that can not only save you some money, but that can also give you peace of mind.

Discounts:

Everyone is always looking to save some money, which is why Gore Mutual has a broad range of ways that you can get a discount on your insurance premium. The company offers discounts for people who insure multiple vehicles, house, and automobile bundles, for students, people who have no convictions, people using winter tires and people who have been with the company for three years. The best thing about Gore Mutual Insurance is that they don’t have a cap on discounts, you simply earn everything you qualify for so that you can be ensured of cheaper insurance.

Claims:

Although Gore Mutual Insurance may not have a ton of offices that you can go and visit, they do have a huge online presence and people that can help you be able to make claims and answer inquiries 24/7. The company allows you to be able to make a claim online for your own convenience and they have numbers to call directly on their website if you are in need of any assistance, which is always nice.

Transportation Coverage:

If you happen to wreck or damage your car in an accident it is likely going to be on its way to a repair shop to be fixed. It is important to make sure that while your car is fixed, you are still able to drive and get to the locations that you need. For this reason, transportation coverage is available so that you won’t have to pay rental car fees while your car is in the repair shop, no matter how long that takes.

Accident Benefits:

Depending on your driving habits and the things that you need to survive on a daily basis, you may need more liability than someone else. Gore Mutual Insurance allows you to be able to get the amount of liability that you need in order to make sure that you have coverage that would be able to help you in the event of an accident occurring.

Gore Mutual Insurance Total Sales/ Ranking by Province:

quality

If you really want to make sure that you are choosing a quality insurance company, you may want to check to see how the company you are looking at ranks up in your area. Generally, the companies that make the most money will have lower rates and more customers. They will also generally have better coverage packages, which is why it is a good idea to check to see what is popular in your area. To give you an idea of how much business Gore Mutual Insurance Company does where you live, we have broken down their total direct written premiums by province and compared the numbers with the top 30 insurance companies in each province. Here is what we found:

Province:Direct Written Premiums 2015Ranking on Top 30
NewfoundlandN/AN/A
Prince Edward IslandN/AN/A
Nova ScotiaN/AN/A
New BrunswickN/AN/A
QuebecN/AN/A
Ontario185,120,00014
ManitobaN/AN/A
SaskatchewanN/AN/A
AlbertaN/AN/A
British ColumbiaN/AN/A
Yukon Territory17,00021
Northwest Territories49,00019
Nunavut13,00022

Resources:

https://www.goremutual.ca/personal/

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

https://www.goremutual.ca/business/#tab-9124

https://www.goremutual.ca/contact/