Ontario Mutual Insurance Company Car Insurance Review

  • Ontario Mutuals

Ontario Mutual Insurance Company Overview

If you’re looking to get car insurance in Ontario, you might want to consider getting insurance from this company. The company has been around since 1856 providing insurance and helping people in need of financial advice. Ontario Mutual Insurance Company is made up of more than 40 different insurance companies across Ontario. With this company, you get to actually talk to real people rather than talk to people on the phone or on the Internet in a chat box. The company is run by a Board of Directors and whenever there is an excess premium, that money is either returned to policyholders, reinvested into the community or saved for future insurance needs. You can definitely have some peace of mind getting insurance from this company. Especially due to the fact that Ontario mutual insurance company made a total profit, in 2015, of $38,306,000. This profit ranked the company 18th amongst all insurance companies in Canada, which is quite impressive

Products Offered by Ontario Mutual Insurance

In order to be able to decide if you want to get insurance through Ontario Mutual Insurance Company, you’re going to have to find out if they have the products that you need. It is extremely important to make sure that the insurance company are going with has all the policies and coverage that you need, otherwise, you are likely going to want to switch insurance companies at some point in the future. It is definitely easier to get insurance through one company whenever possible as that means you will only have to talk to one agent to be able to cover all of your needs. It is also a benefit to you to go through one insurance company as insurance companies often offer discounts for people who bundle multiple insurance policies with them. Keeping this in mind, here are the things that Ontario Mutual Insurance Company has to offer its clients:

Auto:

  • accident benefits
  • record protection
  • roadside assistance
  • transportation replacement
  • liability
  • off-road vehicles
  • farm vehicles

Home:

  • inspections
  • cottages
  • seasonal properties
  • property insurance
  • content insurance
  • living expenses (After damage occurs)
  • liability

Farm:

  • property
  • buildings
  • livestock and produce
  • equipment
  • pollution liability
  • livestock mortality
  • loss of income

Commercial Insurance:

  • building
  • office content
  • equipment
  • cash or stock
  • crime
  • loss of income
  • liability
  • products
  • property

Ontario Mutual Car Insurance Review

If you’re thinking about getting insurance through Ontario Mutual Insurance Company, you are definitely going to want to consider how much business the company does. The company prides itself on being a small business as all Ontario Mutual Insurance Company is locally owned and managed across Ontario in both cities and in small towns. Keeping this in mind, it is important to still know the amount of business that the company conducts as this generally has a pretty good influence on the quality of insurance policies that they have. Ontario Mutual Insurance Company had a total written auto premium in 2015 that totalled $262,591,000. This number stands for the total money that the company collected before and it had to pay out any claims to clients. Seeming is the company is solely based that of Ontario, you can likely tell that this company does a whole lot of business in the local communities Ontario and therefore you should feel pretty comfortable getting insurance from them if you want to.

Ontario Mutual Car Insurance Products:

Discounts:

One of the main reasons you might want to go with Ontario Mutual Insurance Company is due to the fact that they have such good discounts available for drivers. If you go with this company for a long time are over 50 years of age or have a short commute to work, you qualify for discounts on your insurance premium. Other discounts include things like taking a driver’s training course, being away at school, being a new driver, being retired, having multiple vehicles under your insurance policy, having your house and automobile under your insurance policy, and insuring farm vehicles. With so many discounts available it is hard to not consider getting insurance from a local company such as your local Ontario Mutual Insurance Company.

Roadside service:

If you have never been stuck on the side of the road and needed help, you probably haven’t driven for long enough. This is one of the main benefits of going with a local company. Ontario Mutual Insurance Company doesn’t want you to get stuck on the side of the road and they know how bad winters get in Ontario. It is for this reason, they offer roadside service assistants to their clients so that they are never left empty-handed on the side of the road. Roadside assistance service helps cover you in case you need things like gas a tow, or your doors unlocked on the side of the road. Definitely a package that you can add to your insurance to give you some peace of mind.

Record protection:

Everyone knows that people make mistakes, but the problem with insurance companies is that most of them don’t like to back people who tend to make mistakes. One of the nice things about going with Ontario Mutual Insurance Company for your insurance is that you can pick up record protection. Getting this on your policy essentially allows you to be able to get into an at fault accident without having your insurance premiums rise on you.

Ontario Mutual Total Sales/ ranking by province

One thing that might help you be able to choose if you want to get insurance through Ontario Mutual Insurance Company is the amount of business that they conduct. It is important to realize where the business works as well as how it compares to other businesses in the area in terms of the amount of money that they collect. Money generally goes where it’s deserved and generally, you will be able to find the best prices and the best policies with insurance companies that make the most money. It is for this reason, we have created a table outlining the direct written premiums that the company collected in 2015 in each province. The table also shows how the company ranked among the top 30 insurance companies. Here are the results that 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
Ontario262,591,00013
ManitobaN/AN/A
SaskatchewanN/AN/A
AlbertaN/AN/A
British ColumbiaN/AN/A
Yukon TerritoryN/AN/A
Northwest TerritoriesN/AN/A
NunavutN/AN/A

Resources:

https://www.members.omia.com

http://www.ontariomutuals.com/auto-insurance