TD Auto Insurance Review 2022

Every year many Canadians massively overspend on car insurance because they don't take the time to shop around and find the right deal for them. A recent study showed that people may be overspending by as much as 60% when insuring their vehicles.

To help you out, we have put together a series of reviews of top-level auto insurance providers. This short guide is our review of TD auto insurance, to give you an idea of what it costs, what it covers and what its pros and cons are.

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Car insurance TD bank

Our review of TD car insurance

TD Insurance is owned and operated by TD Bank, one of Canada's largest financial institutions. Founded in 1955, TD has a history but also a vision for the future. They anticipate more than 50% of their insurance business will be conducted online in the next five years. This means that they invested in making their online services intuitive and easy to use.

With more than 4 million customers, TD Insurance is a safe pair of hands when it comes to getting car insurance coverage. However, the best-known brands do not always have the cheapest car insurance.

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What does TD car insurance cover?

Car insurance from TD can be purchased at basic or enhanced levels. A basic level of auto insurance covers the mandatory insurance requirements set by the government. Let's take a look at what basic protection covers:

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 TD

However, in Canada, a country where there are over 440 car crashes every day you might want to consider an enhanced level of protection to make sure that no nasty surprises can ruin your financial situation. Let's take a look at what options TD Enhanced and Special Coverage has:

Coverage optionsExplained
Accident ForgivenessEven if you art fault for a collision your rates won't go up
All PerilsFully comprehensive coverage that includes all other options
Collision or UpsetCollision with another car or object covered
ComprehensiveAll damage done to a vehicle not covered by Collision or Upset is covered
Removing Depreciation DeductionThe full purchase price of the vehicle is repaid if it is wrecked
Specified PerilsCoverage that targets buyer-chosen dangers such as flooding, fire etc.
Uninterrupted Driving CoverageCovers rental cars wherever you are in Canada
TD insurance: car

What are the pros and cons of  TD 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 TD online car insurance.


  • A great variety of options make for a specific and personalized policy
  • Claims Free Reward reduces your premiums in return for you not making any claim.
  • Deductible reduced by the length of time with no claims


  • Delivery work not covered
  • Ridesharing not covered

Bearing these in mind let's take a look at two examples.

Keep in mind

Example 1: Oliver, 68, lives in Jasper, Alberta. He has been driving for over 50 years and has never had an accident in which he was at fault. TD car insurance would be a good option for Oliver because he will benefit from his history of good driving and will likely get a good deal.

Keep in mind

Example 2: Brenda, 22, works delivery takeout in Yorkville, Toronto. Most of the time she is driving she is working as on the weekends she prefers to bike around the city. TD is not the ideal choice for her as most of the time she is in a car she is working as a delivery driver and TD does not cover this.

As we can see, TD rewards drivers who have avoided accidents and collisions however it does not suit the way that everyone uses their vehicle.

How to get a TD bank insurance car quote?

Getting a TD online car insurance quote can be done through their website. You will need to fill out your personal information, including information about your vehicle.

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

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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:

Are there any TD car insurance discounts?

Yes, you can receive a discount on your car insurance quote from TD if you meet one of the following criteria.

  • You have two or more vehicles insured with TD
  • You are at school full-time
  • You bundle your home and auto insurance
  • You own a hybrid or electric vehicle
  • You are a retiree of 65 years of age or older
  • You use winter tires between December and April

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How do I make a claim with TD?

You can make a claim with TD over the phone. Call 1-866-454-8910 to book a meeting with a claims representative at your closest TD Insurance Auto Centre.

How do I cancel my policy with TD?

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

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