Intact Financial – Car Insurance

Intact Insurance has more than 1,700 insurance brokers spread out across Canada. They are the largest automobile insurance provider in the country. Around 50% of their direct premiums come from car insurance – they also provide home insurance and commercial insurance products. Intact Insurance is a subsidiary of the Intact Financial Corporation. Other subsidiaries of the Intact Financial Corporation include GP Car and Home (formerly Grey Power), belairdirect, and BrokerLink Insurance.

Intact Acquires AXA Canada

In the summer of 2011, the Intact Financial Corporation purchased AXA Canada. The acquisition cost Intact Financial $2.6 billion and will help raise the percentage of business coming in from property and casualty (P&C) insurance. If you are currently insured with AXA Canada then your coverage and premiums will remain the same. When it is time to renew your coverage you will be contacted by Intact Insurance. They can walk you through the process of getting your vehicle insured, and discuss the policies offered by their company. There is a FAQ page on the Intact Financial website that helps explain the acquisition for customers that have any questions about their current coverage.

What is a Responsible Driver Guarantee?

Intact Insurance has something called the Responsible Driver Guarantee. If you have been an automobile or property insurance policyholder for seven (or more) consecutive years then you will not see an increase in your premiums after your first at-fault accident. If you have another at-fault accident then it will be treated like it was your first. This benefit is free of charge, to all customers of Intact Insurance, as long as they have been a customer for seven or more years without any claims.

Bundling Your Home & Auto Insurance

Having all your insurance on one bill makes your life a little easier but saving money on your coverage is even better. If you bundle your home and automobile insurance then you can save as much as 15% on your car insurance, and 5% on your home insurance, when buying these policies from Intact Financial. If you need to make a claim on both your home and your vehicle then you only have to pay for the deductible on one of your policies.

Payment Options for Intact Insurance

There are a few different options when paying for your Intact Insurance: Easipay Monthly Plan, Easipay One Pay, and Easipay Three Pay. This is a little different than some of the other Canadian insurance companies but it might be very convenient for your situation. If you want to pay for your insurance every month then you would choose the Easipay Monthly Plan. It does come with a 3% interest charge, which means you might want to look at the other two options. The Easipay One Pay option allows you to pay for all of your insurance in one large lump sum. This lump sum is due at the start of the policy. The final option is the Easipay Three Pay, which allows you to pay for your car insurance in three separate payments. The first payment is due at the start of the policy, the second payment is due three months later, and the final payment is due six months into the policy.