RBC Auto Insurance Review 2022

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 and help you decide if it is right for you.

RBC logo
RBC auto insurance

Our review of RBC auto insurance

RBC Insurance is owned and operated by RBC bank, one of Canada's oldest and largest financial institutions. 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 insurance provider. However, the best-known brands do not always have the cheapest car insurance.

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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.

Coverage Explained
Third-party liabilityYou are covered if you injure someone or damage property
Direct CompensationIf a collision is not your fault then damage to your car will be paid for
Accident Benefits CoverageMedical expenses covered
Uninsured Driver CoverageIf an uninsured driver is at fault then you are still covered
Car insurance RBC

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.

Coverage optionsExplained
Added Protection for a New VehicleGuarantees no depreciation on the value of your car for 24 months
Alternate Transportation BenefitsThis covers the cost of a replacement or new car
Extra Financial Security for Your FamilyBoosts your Uninsured Driver protection
Forgiveness for First At-Fault AccidentMeans your premiums do not go up as a result of a first-time accident
Satellite Program EndorsementComprehensive roadside and emergency and assistance
Auto insurance RBC

What are the pros and cons of RBC bank car insurance?

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.


  • Great customer service
  • Claims advice
  • Recommendations on vendors
  • Affordable


  • 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.

Keep in mind

Example 2: Michael, 27, lives in Edmonton, Alberta. Michael rarely drives as he has an electric scooter for getting round 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.

To find a car insurance deal that suits the way you see your vehicle, check out our comparison tool below.

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How to get an RBC auto insurance quote?

Obtaining an RBC insurance auto quote can be done easily via the website. You will have to give your personal info, including info about your car.

However, if you want to look at the RBC insurance car quote, at the same time as other leading car insurance providers, you can use our comparison tool by clicking on the link above.

How to buy TD car insurance?

You can buy TD auto insurance online through their website or over the phone by speaking to one of their representatives.

TD car insurance contact: 1-877-777-7136

TD car insurance website: www.tdinsurance.com/products-services/auto-car-insurance

How to buy RBC car insurance?

You can buy TD auto insurance online through their website or over the phone by speaking to one of their representatives.

RBC auto insurance contact: 1-800-769-2568

RBC auto insurance website: www.rbcinsurance.com/car-insurance/

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 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?

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How do I make a 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 do I cancel my policy with RBC?

If you change your mind about RBC, you can easily cancel your policy anytime on their website. RBC auto insurance customer service is available during office hours on weekdays.

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