TD Car Insurance Quotes and Review for 2024
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Our articles are written by experts in their fields (finance, trading, insurance etc.) whose signatures you will see at the beginning and at the end of each article. They are also systematically reviewed and corrected before each publication, and updated regularly.
Discover the methodologyLooking for a trusted car insurance provider? Why not consider TD Car Insurance, backed by the reputable TD Bank and with a history dating back to 1955? But is it the right choice for you? Read on!
In this review, we cover everything you need to know about TD Car Insurance: coverage options, pros, cons, cost, and how you can save on your premiums.
Use our free tool to get personalized TD Car Insurance Quotes and compare them with other top providers so you can get a plan that suits you best.
TD Car Insurance: Key takeaways
- Wide range of coverage options, from basic to specialized.
- Rewards safe driving with claims-free discount opportunities.
- Offers accident forgiveness to prevent rate increases post-accident.
- Bundling options are available for car and home insurance savings.
- Direct compensation and depreciation deduction removal enhance value.
- TD Car Insurance quotes online through an easy-to-navigate website.
Our TD Car Insurance Review for 2024
TD Car Insurance stands out in the Canadian market with its wide array of coverage options, catering to diverse needs from basic mandatory protections to enhanced and specialized coverages.
Their history and backing by TD Bank, one of Canada's premier financial institutions, offer policyholders peace of mind and reliability. Noteworthy is their claims-free reward system, rewarding safe drivers with lower premiums, alongside options for bundling car and home insurance for additional savings.
With features like accident forgiveness, direct compensation, and the unique option to remove depreciation deductions, TD Car Insurance presents a compelling choice for Canadians seeking comprehensive, customizable, and rewarding auto insurance.
Pros of TD 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.
- Great customer service.
- Deductible reduced by the length of time with no claims
- Get discounts by bundling Car and Home Insurance
- Uninsured automobile coverage included
- Get direct compensation
- Save 10% when you quote & buy online
Cons of TD car insurance
- Delivery work not covered
- Ridesharing not covered
If you think TD is the right choice for you, you can get a TD car insurance quote for free right here.
How to get a TD car insurance quote?
Getting a TD online car insurance quote can also be done through their website. You will need to fill out your personal information, including information about your vehicle. You can also visit a TD Bank office in your area and ask for a quote in person.
Getting a TD Car Insurance Quote Online: Quick Steps
- Start Your Quote: Fill out a simple form to let us assess your coverage needs, and available discounts, and provide an accurate quote. Your information stays confidential and secure.
- Customize Your Coverage: We’ll recommend coverage options. You can adjust deductibles, change limits, and tailor your policy to fit your needs.
- Review, Pay, and Buy: Choose your payment method, review your policy summary, and purchase online. Your coverage starts from the effective date, and you're ready to hit the road with peace of mind
However, if you want to look at the TD quote for car insurance, and at the same time compare it with other leading auto insurance providers, you can use our comparison tool below.
Save on car insurance
How to contact TD car insurance?
You can contact TD car insurance online through their website or over the phone by speaking to one of their representatives:
| Means of communication | Detail |
|---|---|
| TD car insurance phone number | 1-877-777-7136 |
| TD car insurance website | www.tdinsurance.com/products-services/auto-car-insurance |
What does TD car insurance cover?
Car insurance from TD Bank 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:
| TD Bank car insurance coverage | Detail |
|---|---|
| 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 |
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:
| TD Enhanced and Special Coverage | Detail |
|---|---|
| Accident Forgiveness | Even if you are at fault for a collision your rates won't go up |
| All Perils | Fully comprehensive coverage that includes all other options |
| Collision or Upset | Collision with another car or object covered |
| Comprehensive Coverage | All damage done to a vehicle not covered by Collision or Upset is covered |
| Removing Depreciation Deduction | The full purchase price of the vehicle is repaid if it is wrecked |
| Specified Perils | Coverage that targets buyer-chosen dangers such as flooding, fire etc. |
| Uninterrupted Driving Coverage | Covers rental cars wherever you are in Canada |
How much is TD car insurance?
The cost of TD car insurance in Canada varies widely due to factors such as your vehicle's details, your driving habits, history, location, chosen coverages, and eligibility for discounts like bundling or insuring multiple vehicles.
However, here are average car insurance premiums as per province.
| Province | Average Annual Premium |
|---|---|
| Quebec | $717 |
| Prince Edward Island | $861 |
| New Brunswick | $867 |
| Nova Scotia | $891 |
| Manitoba | $1,140 |
| Saskatchewan | $1,235 |
| Newfoundland & Labrador | $1,168 |
| Alberta | $1,316 |
| Ontario | $1,528 |
| British Columbia | $1,832 |
You can get a quote for free from TD to know your exact premiums right here in a few moments.
Is TD Car Insurance right for me?
It depends on what your needs are. Let's take the following examples.
- 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.
- 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.
Keep in mind
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.
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 (Take a look at our guide on student car insurance options)
- You bundle your home and car 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
Interested in seeing what discounts are on offer from other insurers? You can use our free tool to compare quotes and get the best deals from Canada's top car insurance providers right here.
Compare Canada's best car insurance plans
How do I file a claim with TD?
You can make a TD car insurance claim over the phone:
- Call 1-866-454-8910 to book a meeting with a claims representative at your closest TD Insurance Auto Centre.
Here are other ways to file a claim.
| Step | Description |
|---|---|
| 1. Start Your Claim | Use your phone to submit an auto claim with the TD Insurance app, offering step-by-step guidance. Download the app to begin. Use your TD car insurance login. |
| 2. Roadside Assistance | If you need a tow, use the TD Insurance Mobile App or call 1-888-773-7022 for assistance. |
| 3. Track Your Claim | Easily monitor the progress of your claim at every stage with our new claims tracker. Track Here to see updates. |
How do I cancel my TD car insurance policy?
If you change your mind about TD, you can easily cancel your policy anytime by logging in to your account on their website. TD car insurance customer service is available during office hours on weekdays.
How to Cancel Your TD Insurance Policy: Quick Steps
- Via MyInsurance Online:
- Log into MyInsurance.
- Navigate to 'Contact Us' or 'Send a secure message' at the bottom of the page.
- Choose 'Cancellation' in the topic dropdown and follow the steps.
- By Phone:
- Call TD Insurance directly at 1-877-777-7136.
- Via Standard Letter Mail:
- Fill out the cancellation form found in your policy documents or the 'Document Centre' in MyInsurance.
- Mail it to the address provided in your policy documents.
Before Cancelling:
- Consider reviewing your coverage and deductible options through the TD Insurance mobile app, MyInsurance, or by phone to ensure continuous protection.
To Cancel MyInsurance Account Only:
- Call 1-877-585-9427 while keeping your policies active.
Watch out!
Depending on circumstances, you may have to pay a TD car insurance cancellation fee. But note that you must have an active car insurance policy as driving without insurance is a legal offence in Canada.
