Is RBC Car Insurance Right for You?
Did you know that there are about 450 collisions every day in Canada? For this reason, you want to have the best insurance in place to protect you, your passengers and your vehicle!
In this short guide, we will review RBC car insurance, look at how much it costs, the pros and cons, how to get a quote with RBC insurance, and help you decide if it is right for you. Let's dive in!
Our review of RBC car insurance Canada
RBC Insurance is owned and operated by RBC bank, one of Canada's oldest and largest financial institutions, making it very reliable. Founded in 1864, the Royal Bank of Canada's insurance arm has around 3,000 employees and services over 5 million customers worldwide.
RBC is a large and well-established insurer. It will provide you with reliable and qualitative car insurance coverage. However, the best-known brands do not always have the cheapest car insurance, and RBC definitely falls into that category. Still, there are ways to save dollars on your car insurance policy, which we will go over later down on this page.
Interested in seeing what RBC's competitors are offering when it comes to car insurance? Then check out our free comparison tool below.
How to get a RBC car insurance quote?
Obtaining an RBC insurance auto quote can be done easily via the RBC website. You will have to give your personal information, including details about your car. You can also personally visit one of the many RBC offices across Canada. Whether you reside in Calgary, Edmonton, NL, Nova Scotia or Ontario, you'll easily find a RBC car insurer.
However, if you want to look at the RBC insurance car online quote, at the same time as other leading car insurance providers, you can use our free comparison tool by clicking on the link below:
Compare Canada's best car insurance plans
How to contact RBC car insurance?
You can buy RBC car insurance online through their website or over the phone by speaking to one of their representatives:
- Here's RBC car insurance phone number: 1-800-769-2568
- And here's RBC car insurance website: www.rbcinsurance.com/car-insurance/
What does RBC car insurance cover?
A certain level of insurance is mandatory for all drivers as required by law. All RBC car insurance policies cover the basics. Let's take a look at what they are:
|RBC's mandatory car insurance coverage||Explained|
|Third-party liability||You are covered if you injure someone or damage property|
|Direct Compensation||If a collision is not your fault then damage to your car will be paid for|
|Accident Benefits Coverage||Medical expenses covered|
|Uninsured Driver Coverage||If an uninsured driver is at fault then you are still covered|
You may wish to consider a higher level of insurance, however, especially if you are reliant on your vehicle for work or family life and would need a quick replacement. Let's take a look at RBC's Optional Car Insurance for Canadians:
|RBC's optional car insurance coverage||Explained|
|Added Protection for a New Vehicle||Guarantees no depreciation on the value of your car for 24 months|
|Alternate Transportation Benefits||This covers the cost of a replacement or new car|
|Extra Financial Security for Your Family||Boosts your Uninsured Driver protection|
|Forgiveness for First At-Fault Accident||Means your premiums do not go up as a result of a first-time accident|
|Satellite Program Endorsement||Comprehensive roadside and emergency and assistance|
Good to know
Now, know that if you pay a rental car with a valid Visa card or Mastercard, you will be covered for damages to the rental car periods of up to 31 days. At the condition that you have declined the Collision Damage Waiver offered by the car rental company. This RBC car rental insurance is effective when the full cost of your rental has been paid with your WestJet RBC Mastercard card or WestJet dollars or your Signature RBC Rewards Visa card or RBC Rewards points.
RBC car insurance: pros and cons
Choosing the best car insurance in Canada can be daunting with so many to choose from. Here are the advantages and disadvantages of RBC online car insurance:
Why RBC may be right for you:
- RBC car insurance is known for its customer service
- Claims advice
- Recommendations on vendors
Why RBC may not be right for you:
- No app
- Not as cheap as some competitors
- No discount for low usage
Bearing these in mind, let's take a look at two examples:
Keep in mind
Example 1: Alice, 54, lives in Downtown, Toronto. She has been driving for over 40 years and has never had an accident in which she was at fault. RBC car insurance would be a good option for Alice because she will benefit from her history of good driving and will likely get a good deal.
Example 2: Michael, 27, lives in Edmonton, Alberta. Michael rarely drives as he has an electric scooter for getting around the city. He has a car his grandmother left him but he only uses it a couple of times a month when he gets out of the city to go camping. RBC might not be the best choice for him as he will have to pay monthly insurance premiums at the same rates as if he was driving the car every day.
Are there any RBC car insurance discounts?
Yes, you can receive a discount on your car insurance quote from RBC if you meet one of the following criteria:
- You have multiple cars insured with RBC
- You use an approved anti-theft system
- You bundle your RBC car and home insurance
- Your car is electric or a hybrid
- You are a retiree
- You use winter tires between December and April
Interested in seeing what discounts are on offer from other insurers?
How to make a car insurance claim with RBC?
You can make a claim with RBC over the phone:
- Call 1 855-603-5571 to book a meeting with a claims representative.
How to cancel your RBC car insurance policy?
If you change your mind about RBC car insurance, you can easily cancel your policy anytime on their website by login into your RBC car insurance online account.
Good to know
RBC auto insurance customer service is available during office hours on weekdays.