Are you looking for an Ontario insurance broker who can help you find quality insurance in Toronto? Look no further! BrokerLink is pleased to offer a wide range of insurance services to customers, like Toronto car insurance, home insurance, commercial insurance, and much more. Find out more about what BrokerLink can do for you below.
Let your Toronto insurance broker take care of everything
Working with an insurance broker is about creating a seamless insurance experience. Here at BrokerLink, our licenced advisors have experience helping customers find everything from motorcycle insurance in Toronto to tenant insurance in Toronto. No matter your needs, we aim to meet and exceed them. How? It all starts with an in-depth conversation about your lifestyle, budget, and the risks that you face. From there, your dedicated BrokerLink insurance broker will do what they do best - find you a great policy. You can learn more about our three insurance specialties, Toronto business insurance, Toronto home insurance, and Toronto car insurance below:
Toronto business insurance
As a business owner, protecting your Toronto business is of the utmost importance. After all, one disastrous incident, and you could be forced to file for bankruptcy - unless you have commercial insurance, that is. BrokerLink has helped local Toronto businesses of all shapes and sizes find the coverage they need. From small business liability in Ontario to commercial property insurance, cyber liability insurance, crime insurance, and more, we want to help you safeguard the business you’ve built from the ground up. To get started, contact BrokerLink and ask to speak with a commercial insurance expert today. All BrokerLink business insurance specialists are licenced and can give you all kinds of advice and tips on ways to save money on commercial insurance and find the right coverage for your needs.
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Toronto home insurance
Home insurance in Toronto is one of the most common types of insurance we help customers find. Home insurance encompasses everything from renters insurance and vacation property insurance to standard homeowner’s insurance and condo insurance in Toronto. Ultimately, no matter what kind of property you own, we can help you protect it from risk. Depending on the coverage you choose, you can be protected against property damage, liability claims, water damage, and more. Your BrokerLink home insurance advisor will take the time to assess the unique circumstances of your home and recommend coverage accordingly. For example, if you live in a part of Toronto close to Lake Ontario, they might recommend flood insurance like overland water coverage or sewer backup coverage. A BrokerLink home insurance specialist can also help you update your home insurance policy after moving or decide how much coverage to buy based on the value of your belongings.
Get a home insurance quote
Toronto car insurance
Toronto car insurance is mandatory for all drivers, and a BrokerLink auto insurance specialist can help you find a fantastic policy. We can ensure that your plan meets Ontario’s minimum coverage requirements, as well as your own personal needs. Plus, the BrokerLink team always strives to make sure that our customers don’t overpay for coverage. We can answer questions like, “How much is car insurance per month in Ontario?” and then give you tips on how to lower your car insurance premiums in Ontario. Affordable car insurance is one of our specialties. To learn more about how you can save on auto insurance or for a detailed look into the different types of car insurance coverage available to Toronto drivers, get in touch with BrokerLink today.
Get an auto insurance quote
Other coverage options for our valued Toronto customers
A Toronto insurance broker from BrokerLink can help you find more than business, home, and car insurance coverage. Thanks to our decades of expertise, we can help match Toronto customers with any of the following types of insurance:
- Boat Insurance
- Condo Insurance
- Vacation Property and Cottage Insurance
- Tenant and Renters Insurance
- Life Insurance Broker
- Landlord Insurance
- Musical Instrument Insurance
- Wine Cellar Insurance
- Umbrella Liability Insurance
- Equine Insurance
- Pet Insurance
- Group Insurance
- Associations
- ATV and Snowmobile Insurance
- Farm Insurance
- Cyber Insurance
- Storage Unit Insurance
- Tractor Insurance
- Employee Benefits
- Travel and Trip Cancellation Insurance
- Trailer and RV Insurance
- Motorcycle Insurance
- Identify Theft Insurance
If you don’t see the type of insurance coverage you’re looking for above, get in touch with BrokerLink. We are confident that we can help you find whatever type of insurance coverage you require.
How to lower your Toronto insurance premiums
Is there anything better than saving money on insurance? We certainly don’t think so! Since the beginning, BrokerLink has been dedicated to helping our customers find affordable insurance solutions. This means that no matter your budget, we want to help you find the coverage you need. Thanks to our unparalleled resources and expertise, we know all kinds of ways that customers can save money on insurance. Below is a list of money-saving tips that the BrokerLink team has compiled. They can help you cut costs on home insurance, car insurance, business insurance, and more. Keep reading to start saving!
Work with a Toronto insurance broker
First, we recommend enlisting the help of a licenced insurance broker who is familiar with the Toronto insurance industry. The BrokerLink team can be easily reached by phone, email, or in person at one of our Toronto locations.
Bundle and save
Have you heard of bundling? It’s a great way to save money on insurance, but it only works if you wish to buy more than one policy. Bundling insurance can result in a major discount on any policy you buy. Reach out to insurance companies near you to find out if they offer bundling packages and if so, what insurance products are a part of them. Typically, insurance providers offer bundles for auto insurance, home insurance, and business insurance products.
Select a higher deductible on your policy
Choosing a higher deductible rather than a lower one is a great way of reducing how much you pay for insurance. Higher deductibles often come with lower premiums.
Inquire about payment schedule fees
If you are tempted to choose a monthly payment plan rather than a yearly one for your insurance policy, make sure you inquire about hidden fees. Some insurance companies charge extra for the convenience of paying monthly, which may be in the form of administrative or transaction fees that go along with each payment.
Have an insurance broker to review your policy before it renews
Reviewing an existing policy before renewing it is always a smart move. Coverage needs change, and although you might think that your current coverage is adequate, it might not be. That is why we always recommend evaluating your policy to make sure that it still reflects your needs and the risks you face. If you don’t have time to review it on your own, ask a broker to look it over and make suggestions for you.
Buy a hybrid or electric vehicle
Driving a hybrid or electric vehicle can make you eligible for a car insurance discount in Toronto. Since Ontario car insurance rates tend to be among the highest in Canada, qualifying for such a discount could be worthwhile.
Complete a driver’s education program
Signing up for and completing an approved driver’s education program in Ontario is another way to lower your auto insurance premium. Insurance companies like to reward customers who take this extra step with a discount on their car insurance policies.
Make your car safer with an anti-theft device
To avoid your car being stolen and become eligible for a car insurance discount, consider installing an anti-theft device in your vehicle.
Install a monitored security system in your household or workplace
You can make your home or workplace safer and qualify for a home insurance or commercial insurance discount by installing a monitored security system in them.
Drive safe with winter tires
Ontario insurance providers now offer discounts to all drivers who install winter tires on their cars, so long as they meet the conditions. Conditions vary but may include that all four snow tires must be the same model and that the snow tires are installed by a certain date each winter.
Drive responsibly
One of our top tips for saving money on Toronto car insurance is to drive safely, maintain a clean record, and keep your number of insurance claims low. This is an effective way for any driver to lower their auto insurance rates.
Outfit your vehicle with a telematics device that tracks your driving habits
Some car insurance companies offer telematics discounts that can track your driving habits. The safer you drive, the more your insurance rates will go down. To monitor your driving habits, you will either need to install a telematics device in your car or download a mobile application onto your smartphone. By avoiding fast acceleration, hard braking and texting and driving, you can save on your insurance premiums.
Buy a sump pump or sewer backup prevention device for your home
The more that you can mitigate the effects of water damage in your home, the more money you can save on home insurance. Installing a sump pump or sewer backup prevention device on your property can do just that, which is why many property insurance companies offer discounts to policyholders who do so.
Choose your next home strategically
Did you know that many property-related factors influence how much your home insurance policy costs? It’s true. To keep home insurance costs down, we recommend choosing your next home strategically. Homes with pools, old roofs, or high-risk plumbing, electrical, and heating systems can all increase your rates, whereas homes located near emergency services or water sources can lower your rates.
Qualify for a mortgage-free home insurance discount
Pay down the mortgage loan on your Toronto home and you could save money by qualifying for a mortgage-free property insurance discount.
Adopt a risk management strategy at your workplace
If you run a business, consider adopting a risk management strategy that reduces the odds of an incident and keeps your insurance claims low, reducing your commercial insurance premium.
We’re in your community
BrokerLink is built on the pillar of community. We believe that there is nothing more important than giving back to the community, which is why we make it our mission to get involved with local causes as much as possible. You can learn more about our community endeavours by contacting us.
Contact us
At Toronto BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.
You can reach us by phone, email, or in person at any one of our locations throughout Ontario. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.
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Toronto insurance FAQs
Should I buy Toronto insurance from an insurance broker or an insurance company?
This decision is yours to make. Both insurance brokers and insurance agents are licenced professionals who have experience and knowledge that can help you purchase an insurance policy. However, the way they operate is different, and it’s important to be aware of these differences. Insurance agents work for insurance companies and have specialized knowledge about the insurance products offered by the insurance company they are employed by.
Conversely, insurance brokers work for brokerages, which act as the middleman between insurance companies and customers. As such, insurance brokers are required to be knowledgeable about a broader range of insurance products offered by various companies. Unlike insurance agents, insurance brokers work independently of insurance companies. No matter which you choose, purchasing insurance through an insurance broker or an agent is secure and convenient. Plus, nowadays, both offer services online and in person.
Can I buy Toronto insurance online?
Yes, Toronto insurance can be purchased in many ways, one of which is online. Many insurance companies give customers the option of completing their purchase from start to finish online. However, if you prefer to purchase an insurance policy another way, like over the phone or in person, you can also do so.
How do I know what Toronto insurance is right for me?
The Toronto insurance policy that’s right for you is the one that meets your needs. How can you determine this? You will need to think carefully about your budget, lifestyle, and the risks you face. From there, review the coverage options available and consider which ones are best suited to your needs. Keep in mind that some types of insurance are mandatory while others are optional. When it comes to mandatory insurance, you will not have a choice but to purchase that coverage, such as with Toronto car insurance and third party liability coverage, accident benefits coverage, direct compensation - property damage coverage, and uninsured automobile coverage.
How can I renew my Toronto insurance policy?
Many insurance companies give policyholders the option of renewing their policies automatically. This is something that you can usually opt in to on the insurance company’s website. Automatic renewals are simple and convenient, though we suggest reviewing your coverage before your renewal period in case you want to update it or cancel it and find a new policy. If you wish to renew your policy but are not signed up for automatic renewals, you may need to contact your insurance provider by phone, email, or in person to let them know that you would like to renew your policy when it expires. Make sure that you do this before your policy expiry date, as a late renewal could lead to a gap in coverage, which would not only leave you unprotected but could result in higher rates down the road.
Is insurance mandatory in Toronto?
Certain types of insurance are mandatory in Toronto, but not all types. Car insurance is the main type of insurance that is required if you drive. It is a legal requirement throughout the province of Ontario. If you drive, you will need to make sure that you have a valid car insurance policy that meets the minimum coverage requirements. Home and business insurance are not legally required the way that car insurance is, but they can be situationally required. For example, if you have a mortgage loan, your lender might require you to have a valid home insurance policy for the duration of your loan agreement. Similarly, if you rent your home in Toronto, a landlord can require you to have a valid tenant insurance policy from the start to the end of your lease agreement. Businesses in certain industries may also be required to purchase commercial insurance.
How can I qualify for cheap insurance in Toronto?
Finding cheap insurance is easier than you might think if you know where to look. To benefit from lower insurance rates in Toronto you can try selecting a higher policy deductible, paying for your policy on an annual basis instead of a monthly one, bundling multiple insurance products together, and updating your insurance coverage annually according to your needs. You can also inquire about various insurance discounts you might be eligible for, like winter tire discounts, telematics discounts, and employment or education-based discounts.
Do I need liability coverage?
Yes, most policyholders will benefit from some form of liability coverage, whether you are buying car insurance, home insurance, or business insurance. In fact, third party liability coverage is mandatory for all Toronto car insurance policies, which means you will need to purchase at least $200,000 of it to comply with local laws. Even in cases where it isn’t mandatory, liability coverage is the only type of insurance coverage that can protect you from legal claims. Legal claims alleging bodily injury, property damage, etc. can be extremely expensive, so you never want to fight them on your own. With liability insurance, your insurance company will step in and help cover the costs associated with a lawsuit, like defence and settlement fees, medical expenses, or repair bills.
Can I get a free insurance quote from a Toronto insurance broker?
Yes, many Toronto insurance brokers offer free quotes to customers, whether you are looking for a free car insurance quote, home insurance quote, or business insurance quote. Get in touch with a broker near you by phone, email, or in person to request a free quote.
If you have any questions, contact one of our local branches.
