Toronto Insurance Broker | Best Car & Home Insurance Brokers

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Looking for a Toronto insurance broker?

Save on your insurance with Toronto's best insurance broker. Toronto is one of the most expensive cities in the province for insurance. It is important to use the resources available to you to find the lowest rate. Our local brokers will help you with all your insurance policy needs.

Insurance can be intimidating. It can be difficult to understand the terminology, policies, and coverage. Knowing which insurer to use is a challenge. This is where a broker can help.

When you work with us, you won’t need to shop alone. You’ll have access to expert knowledge and a variety of insurance options. We'll compare the most affordable quotes for you and help you save.

At ThinkInsure, you have a local licensed broker on your side. We'll look out for your interests and help you get the insurance you need at a low price.

Insurance broker 5 star reviews

Rated 4.7 out of 5 stars in 1448 Google reviews

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steve jonkhans

2024-09-26

i used thinkinsure to navigate a complicated car insurance situation after my prior broker could not find me the insurance i required. Denise Snyder Phillips was my agent and she was extremely helpful, efficient and responsive. Highly recommend thinkinsure for your insurance needs and ask for Denise!

Carrie Crump

2024-09-24

Young man is super amazing and caring . Top top notch service !!! Very kind gentleman

DJ G

2024-09-24

I was shopping around for some new auto insurance rates as my current policy was ending soon and was looking for cheaper premiums. I called ThinkInsure, and Todd helped me with the process start to finish. Communication with him after my initial phone call was flawless through email, often replying right away during business hours. He was easy to ask questions and provided multiple quotes to me when I needed to make some changes. I ended up getting better coverage for a much lower premium compared to my current provider with ThinkInsure. Thanks Todd for the seamless experience and helping me get setup!

Philip Witteveen

2024-09-23

Denise is fantastic! She is so kind and patient and works hard to listen and provide you with the best insurance available to you. Denise also continues to look for the cheapest options for you that provides you with the top notch coverage. I would highly suggest connecting with Denise if you're looking for great insurance, good prices, and to work with someone that actually cares. 5 star plus!

Cassandra Brookes

2024-09-20

I had been in the market for new insurance for a while, not getting many great quotes and then I come to find Todd Allen through ThinkInsure and have only great things to say about my experience. Knowledgeable, honest, responsive and made insuring my vehicle a breeze. Within 4 emails back and forth, signing e documents and a final email to confirm I was set up and ready to go. Could not recommend his services enough! Thanks Todd !!

Ginny Sweet

2024-09-19

I was in a difficult situation trying to renew my insurance after my last company stopped providing insurance. Bailey made the whole process quick and easy. I had paperwork signed and documents to me within a few hours of our initial conversation. I am forever grateful

Durai samy Easwarakumar

2024-09-18

Todd Allen such a nice auto insurance advisor Doing a excellent service 👍buy the costumer’s satisfaction to get an cheaper code in the current market 😀

Jenniffer

2024-09-17

great service, sohel rahman was incredible helping us get the insurance we needed, thank you!

What is an insurance broker?

A broker is an insurance professional who represents you, the customer. Their primary job is to help you search for insurance that meets your specific needs. Brokers work for you, not insurers. They are your advocate. They use expert knowledge to assess your options. They shop and compare quotes to find you the best rates and value.

Brokers also answer your insurance-related questions. They provide clarification about your policy and help you with claims.

Think of an insurance broker as your go-to resource for all your insurance needs. They are available to help you when you’re thinking about switching providers, adding or removing coverage, renewals, and guiding you through the claims process.

How does an insurance broker work?

Brokers work for an insurance brokerage. The brokerage has partnerships with insurance companies. This allows them to offer a variety of insurance products to consumers. Brokerages hire licensed brokers to manage people's insurance needs.

For example, if a customer requires auto insurance, the broker will collect their information and then compare policy options with all insurance partners to find them the best policy at the lowest rate. Brokers also provide customer service. In exchange for these services, insurance partners pay commissions to the brokerage for each policy. The commission is then given to each broker based on their performance.

Why use a Toronto insurance broker?

There are significant advantages to using a broker versus getting insurance from a direct insurer agent:

Brokers work for you: They work directly for the customer rather than for the insurance companies they partner with. Agents work for the direct insurer and can only offer their products. This means brokers have your best interests in mind when helping you compare insurance options and make policy decisions.
Choice and selection: Get quotes and policies from the leading insurers. You have access to more options and ways to lower costs. You’ll have access to insurance products, policies, and coverage from many providers, allowing you to find the right level of protection for your situation.
Expert advice and service: Brokers are licensed professionals. They are knowledgeable and can help you with all your insurance questions, needs, claims, and more. Just contact them to get your questions answered.
It’s free: There is no cost to you. There are no fees for the services you receive. So, you have nothing to lose when you choose a broker.

How do insurance brokers and insurance agents differ?

People often wonder about their insurance options. You have brokers, agents, and direct insurers to consider. While the objective of these roles is to sell insurance, there are some key differences to consider. Choosing to use an agent or direct insurer can limit your options.

Here are how brokers and agents compare and contrast:

Representation: Brokers work for you; agents work for the companies they represent.
Insurance product options: Brokers offer plans and products from many different insurers. Agents can only offer you options from the company they represent.
Objectivity: Brokers provide unbiased advice and are objective. They will give you an honest assessment of insurance companies and product options. Agents have a bias toward the company they represent.
Professionalism: Brokers are RIBO licenced. They must follow high standards for professional competence and ethical conduct.
Claims support: Agents are focused on the insurer's best interests. Brokers represent you and have your best interests in mind.

How to compare quotes with a Toronto car insurance broker

Whether you are renewing or getting a new auto policy, our Toronto car insurance brokers can help. We'll search for the lowest premiums in a couple of minutes.

1) Begin your quote

Start your car insurance quote.

2) Enter your driving and car information

Enter your driving details and then select your vehicle.

3) Compare multiple quotes

See quotes from the top Toronto car insurance providers.

Choose the lowest rate

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Why is Thinkinsure Toronto's best insurance broker?

For more than 50 years we have helped thousands of customers with their insurance needs, ensuring you get the most affordable rates. Here are some reasons to choose ThinkInsure:

Toronto insurance brokers: We’re a Toronto-based insurance broker. We’re local and a 100% Canadian-owned and operated brokerage. We use progressive and innovative methods to simplify insurance for you and provide a better experience.
Independent brokerage: We’re unbiased and not owned by a big insurer. We’re focused on helping you.
Fully licensed: We are part of the Registered Insurance Brokers of Ontario (RIBO), Insurance Brokers Association of Ontario (IBAO) and Insurance Brokers of Toronto Region (IBTR).
Leading auto insurance broker in Toronto: We take pride in being an industry leader for Toronto insurance. Our expert team of auto insurance brokers specializes in auto coverage for all types of drivers. Our team works and drives in the city, and we’re just like you. We understand your concerns.
Shop and compare: You can compare quotes for all types of insurance from the leading providers to help you save.
Partners with over 50 top insurance companies : Our team has access to policies from over 50 of the top insurance companies in the country.
Lowest rates: You could save hundreds of dollars with us. Find the best rates, discounts, and other opportunities to lower your premiums.
Dedicated broker: We are real people living in Toronto like you. We understand the challenges and expenses you may have. You get a dedicated broker to provide you with personalized customer service. Expect advocacy on your behalf when dealing with insurers. We will help you with claims, estimates, questions, updates, and more.
We do the work, and you save: You tell us about your needs, and we’ll hunt for the most affordable rates. The result is you keep more money in your pocket!
We’re online: We know your time is important to you. It's easy for you to search for quotes online when it’s convenient for you.

What are the best tips for choosing an insurance broker in Toronto?

Here are some tips to consider when choosing an insurance broker:

They genuinely want to help you. Top brokers are dedicated to helping you achieve your insurance goals. They understand the market and work diligently to ensure you receive the right plan.
They can save you money. They look for ways to pay less without sacrificing quality or value.
They can help with all types of insurance. Whether you need home, auto, or business coverage, they can find you a plan for all your needs.
The brokerage is an expert in Toronto car insurance. The Toronto area has the highest car insurance in the country. So, it's important to have an expert who can advise you.
They partner with a large selection of insurance companies. The leading brokers partner with dozens of insurers. Having options helps you reduce fees and get personalized insurance. At ThinkInsure, we are partners with over 50 companies.
Experience and years in business. Brokerages that have been in business for a long time understand insurance and have more stable operations.
They have a strong reputation and have good reviews. The top brokerages have strong online reviews and testimonials from their customers.

Ways to get cheaper rates with a Toronto car insurance broker

A woman is fastening her seat belt before starting the car.

Getting affordable auto insurance is a priority for drivers. The most effective way to save is to use a car insurance broker. Here’s how to keep costs down :

Have your driving information handy: Have your driving information before starting a quote. You must have your licence, vehicle, and driving history information.
Provide accurate information: Always provide accurate information about your vehicle and driving history. The information you provide will impact your estimate. It will not be correct if you use improper information.
Complete all details: Complete all information. Do not leave any fields blank. Provide as much detailed information as possible.
Bundle: When you combine your auto, home, or condo insurance in Toronto , you'll save up to 25% or more.
Choose ThinkInsure: We drive in Toronto just like you. We are dedicated to helping you find a lower price without sacrificing the quality of your insurance. Contact us today to find out why we are the cheapest insurance broker in Toronto.

Toronto's top home insurance broker has you covered

houses with concrete pathways and lawns in front

The cost of homeownership is well over $1 million these days. According to Zolo.ca Toronto real estate trends, the average house price is about $1,102,240 (As of March 2024). Protecting your investment with Toronto home insurance is a must.

The homeownership rate in Toronto is close to the national average, at 66.5%. There are plenty of residents looking for affordable insurance to protect their homes.

ThinkInsure's home insurance brokers live in Toronto and across the GTA, just like you. We’ll make sure you understand how a homeowners policy works. They will make sure your home and valuables are appropriately covered. And if you rent, we'll make sure you get the best tenant insurance in Toronto.

What types of products can I get from an insurance broker?

Torontonians have unique insurance needs. No two people have the exact requirements. So, it’s a great option because you can get all types of insurance products from a broker. Here’s a list of the different kinds of coverage we can help you with:

Auto insurance: Protection when driving in the downtown core, Highway 401, or many other highways.
Home insurance: Choose a policy that meets the needs of your specific neighbourhood in the GTA.
Condo insurance: Cover your valuables in your condo unit.
Commercial insurance: Protect your business against financial risk.
Travel insurance: Get protection the minute you take a flight from Pearson Airport.
Life insurance: Secure the financial future of your family.

Insurance broker FAQs

Do I need an insurance broker to help me find insurance in Toronto?

The goal for most people when getting insurance is typically twofold. You want to save money and you want the best coverage. A broker can do both of these things.

In some cases, you can only get insurance from a specific insurer if you go through a broker. Not all insurers have a direct option to get coverage.

When you use a broker, you’ll have access to more insurance options and a better chance to get the lowest price.

What does an insurance broker do?

An insurance broker is an intermediary between an insurer and an insurance company. They are licensed in insurance to sell coverage, provide advice, and offer customer service. Here are some of the things they do :

Determine insurance needs: Get an assessment of your needs so you will be properly insured.
Compare prices: Compare quotes from multiple insurers.
Help customers save: Look for ways to save you money.
Sell insurance policies: They sell insurance and complete all the application and underwriting processes to complete a policy.
Explain the details: They explain the details about your policy so you understand how it works and what is covered.
Changes: Assist with changes to your policy and needs.
Renewals: They will help you with your policy renewal and check to see if your rates increased. For example, they can search for a better price before your car insurance renewal date.
Advise: Provide expert advice and clarification.
Questions: Answer your insurance questions.
Claims: Help you with the claims process and advocate on your behalf with insurers.

Is using an insurance broker in Toronto a good way to get cheaper rates?

Yes. Working with a brokerage is a more affordable option. Brokers can help you quickly compare quotes from multiple Toronto insurers. More options give you a greater chance to find a low-cost insurance policy.

How much do Toronto insurance brokers cost to use?

Insurance brokers do not charge a fee in Toronto or anywhere in Ontario. Using a broker is 100% free. You do not pay for the services offered by a brokerage. They are paid commissions by the insurance companies they partner with.

Auto insurance commissions range from 10% to 12.5% annually. Home commissions range from 15% to 20% annually. Commission rates can vary by insurer and can change over time. Ask your broker for an updated list of commission rates.

Who licences insurance brokers in Toronto?

All brokers must be licensed to sell policies and discuss insurance matters legally. They must obtain a Registered Insurance Broker designation from RIBO. All ThinkInsure brokers are fully licensed and follow all RIBO guidelines and regulations.

Can a Toronto broker help you find discounts?

Absolutely! Our team will look for ways to maximize your cost savings. This means looking into available discounts. Finding car insurance discounts is what we do best!

Ensure your information is current, and ask about potential discounts when speaking with your broker. Sometimes all you need to do is ask and you can uncover even more savings.

What is an insurance brokerage?

A brokerage has contracts with multiple insurers to sell insurance, provide customer service, and help with claims. They can shop the market to search for the best policies and rates to meet your customer’s needs. The insurer pays an insurance broker directly for the policies they sell.

Is ThinkInsure an insurance broker?

Yes. ThinkInsure is a fully independent insurance brokerage. We are 100% Canadian and have insurance products from the top insurers in Canada.

A trusted Toronto insurance broker

You can count on our licensed brokerage and brokers to help you get insured. We’re focused on innovation to serve you better. Learn about our professional memberships and accreditations :

Insurance Brokers Association Of Canada

Registered Insurance Brokers Of Ontario

Insurance Brokers Association Of Ontario

Save with Toronto's leading car insurance broker

Our car insurance brokers can help you save at a better rate. Compare quotes from the top auto insurance companies and find lower premiums in the GTA. We'll provide additional savings advice and ensure you have proper insurance for your needs.