Are you in the market for insurance? BrokerLink can help! Protect your home, car, business, and more with the help of a BrokerLink insurance advisor. Since 1991, we have helped thousands of Toronto residents find quality insurance solutions. Keep reading to learn more about the insurance services offered by BrokerLink.
Find qualified insurance brokers in Toronto
Toronto is the most populous city in Canada. With millions of registered vehicles and over two million homes, this bustling metropolis is growing.
With so many vehicles on the road and some of the highest auto insurance rates in Canada, it is important for residents to find the best car insurance policies possible. Similarly, if you own or rent a home in Toronto, you want to ensure that your possessions are protected. That's where BrokerLink comes in.
BrokerLink can help you save time and money by finding competitive home, auto, and business insurance quotes so you can get the best coverage at the lowest price. Whether you want to insure your new condo in Yorkville or want to protect your car on your long drives up to cottage country, our team of certified brokers is here to help you find the insurance that best fits your lifestyle.
One of our friendly and knowledgeable brokers will work with you to create a personalized insurance policy and provide accurate quotes, so you can rest assured that you're getting the coverage you need at the right price. Get in touch with your local Toronto broker today for your home insurance, auto insurance, and other personal and business insurance needs.
BrokerLink insurance offerings
Discover the types of insurance BrokerLink can help you find in Toronto:
Home insurance
A home is a major purchase. It may even be the biggest purchase you make in your lifetime. But it’s also more than that. It’s where you and your family build your life together. Protect your property with the right kind of home insurance. Home insurance policies vary between providers, but your policy may cover perils such as fire, water damage, hurricanes, tornados, power outages, and more. Ultimately, it’s up to you to decide which coverage you want to include with your policy. It will depend on where you live, as well as your budget. But rest assured that when you purchase home insurance through BrokerLink, an insurance expert will be by your side every step of the way. Whether you live in a condo, townhouse, or detached home, and whether you own or rent your home, we can find a home insurance policy for you. We also offer tenant’s insurance for renters. Get in touch with BrokerLink to learn more about your home insurance options.
Get a home insurance quote
Business insurance
Do you operate a business in Canada? Safeguard what you’ve dedicated so much time and energy to building by purchasing business insurance. BrokerLink can help find insurance for businesses of all sizes and industries. We understand that each business is unique, and we want to find a policy that meets your specific needs. When it comes to business insurance in Canada, there is a wide range of coverage options available. For example, you can protect your company against cyber attacks, negligence, third party property damage, bodily injury, fire, water damage, and more. Contact BrokerLink today for more information.
Get a commercial auto or property quote
Auto insurance
If you drive a car in Canada, then you need quality auto insurance to go with it. Car insurance isn’t an option, it’s mandatory in Canada. Therefore, driving without it is illegal and youneed to find a policy that meets the minimum requirements set by your province. However, doing so is easier said than done, especially if you want to find the best possible policy at the most affordable price. That’s where BrokerLink comes in. Our team of insurance advisors are experts in car insurance. Whether you’re a young driver, elderly driver, occasional driver, or anything in between, we can find an insurance policy that’s right for you.
Get an auto insurance quote
Other insurance coverages
While BrokerLink is known for helping Canadians find home, business, and auto insurance policies, we can also help you find coverage relating to the following:
Why do I need insurance?
Insurance offers protection. It’s as simple as that. No matter what type of insurance you buy, you will be protected against a wide range of financial losses and risks. For example, when you purchase car insurance in Canada, you can be protected against bodily injury and property damage to theft, vandalism, falling objects, and more. This means that if you are in a collision where your car is damaged or you injure yourself, you won’t have to pay the costs out-of-pocket. Rather, your insurance provider will help pay. Similarly, the right insurance policy can help protect your most valuable asset - your home. Home insurance can help you avoid financial ruin in the event of fire, theft, and more.
Is insurance mandatory in Toronto?
Yes, some types of insurance are mandatory in Toronto. For example, car insurance is mandatory everywhere in Ontario, including Toronto. Driving without insurance in Toronto is illegal. If you are caught driving without insurance, you could face fines of up to $25,000 for a first offense and up to $50,000 for a second offense (in addition to a 15% surcharge) and a licence suspension. Therefore, driving without car insurance is simply not worth it. To avoid these serious consequences, contact a reputable brokerage like BrokerLink to find an auto insurance policy that complies with Ontario law (please note that your car insurance plan must meet the minimum coverage requirements set by the province, which includes $200,000 in third party liability coverage, accident benefits coverage, uninsured automobile coverage, and direct compensation - property damage coverage.)
Furthermore, there may be certain requirements relating to home insurance in Toronto. While not provincially or federally mandated, mortgage lenders can make home insurance a condition of your loan. If your house is paid in full, home insurance may not be required. But if you need to take out a mortgage to pay for your home, as most people do, then your mortgage lender will likely make home insurance a requirement. Similarly, landlords in Toronto can also require that renters obtain tenant insurance before moving in.
What impacts Toronto insurance costs?
Learn more about what factors impact the cost of home and auto insurance in the vibrant city of Toronto:
- Ontario has some of the highest car insurance rates in Canada. This will have a direct impact on how much you pay for car insurance in Toronto.
- Toronto winters are extremely cold, with temperatures falling into the negatives for months on end. These extreme temperatures can be tough on water pipes and indoor plumbing, especially in old homes. Your walls must be well insulated to avoid frozen pipes bursting. Speak with a BrokerLink broker about water damage coverage so that you don’t end up paying for costly repairs if something goes wrong in your Toronto home.
- Toronto is a relatively safe city, with lower crime rates than many other major cities, including Vancouver, Montreal, Calgary, and Winnipeg. That said, crime rates can change quickly and a rise in car theft or breaking and entering incidents can lead to more expensive insurance rates.
For an accurate and competitive quote on Toronto home or auto insurance, contact BrokerLink today. We offer free insurance quotes to all Toronto residents, and we only work with leading insurance companies who provide quality insurance products.
How to save money on insurance in Toronto
Insurance can be expensive, but it should never break the bank. BrokerLink understands the importance of finding affordable insurance in Toronto. That’s why we are dedicated to helping Toronto residents find the best possible coverage at the lowest possible rates. Beyond working with a reputable broker that has years of experience in the insurance industry, there are a few other ways Canadian residents can save money on insurance. From making annual payments to increasing your deductible, check out our top three tips for getting the most affordable insurance in Toronto:
Increase your deductible
A general rule of thumb in the insurance industry is that the higher your deductible, the lower your insurance premium. Therefore, one way to save money on insurance in Toronto is to raise your policy deductible. A deductible is the amount of money you are responsible for paying toward an insured loss. All insurance policies have a deductible. That said, increasing your deductible is not a decision that should be made without careful consideration. Speak with an experienced insurance advisor at BrokerLink to understand the impact of increasing your deductible. We can help you decide if raising your deductible is the right choice for you.
Make annual payments
When you purchase any type of insurance, you typically have the option of paying for it annually or in monthly installments. If it’s feasible, we always recommend paying your insurance bill annually. When you pay monthly, the insurance company usually tacks on administrative fees, which makes doing so more expensive in the long run.
Combine multiple insurance policies
The more insurance you buy from a company, the more money you can save. For this reason, bundling multiple insurance policies is one of the most effective ways of minimizing the cost of insurance. If you recently bought a car and a home, consider insuring them both with the same provider. Bundling insurance policies may save you up to 15% on each respective policy.
Install winter tires on your car
This money-saving tip specifically relates to car insurance. If you decide to install winter tires on your vehicle, insurance providers will take this into account and typically offer you a discount on your car insurance policy. Insurers understand that snow tires reduce your risk of getting into an accident during the snowy, icy winter months, and they will reward you accordingly. In Ontario, discounts vary by provider but Toronto drivers can save up to 5% on insurance.
Buy a hybrid or electric vehicle
Another way to save money on Toronto auto insurance specifically is to buy a hybrid or electric vehicle (EV). Car insurance companies across Canada have begun offering discounts to drivers of hybrid or electric vehicles. Therefore, purchasing an EV will not only save you money at the gas pump, but it can also save you up to 10% on car insurance.
Compare rates with registered insurance brokers
There’s no denying that shopping for insurance - whether it’s car insurance, home insurance, or business insurance - can be stressful. Luckily, BrokerLink is here to make shopping for insurance easier than ever before. Thanks to our expert advice and quality insurance solutions, finding the right insurance for you and your family is hassle-free. Our team of expert insurance advisors will be with you every step of the way. So whether you’re looking for home, auto, or business insurance, you can rely on us. Check out three reasons to enlist the help of a Toronto insurance broker today:
Brokers work independently of insurance companies
Did you know that insurance brokers operate independently of insurance companies? This means that our clients are always our top priority. It also means that you can trust us to offer objective, unbiased advice on the best insurance policies for you and your family.
Brokers do the work for you
A second reason to work with a Toronto insurance broker from BrokerLink is that we do all the heavy lifting. Start to finish, your dedicated insurance advisors will take care of finding the right insurance policy for you.
Brokers are insurance experts
Lastly, BrokerLink’s insurance advisors are experts in all kinds of insurance. We have been in business since 1991, which means we know the ins and outs of the industry. We will ensure we find you a competitive policy that has the coverage you need.
We’re in your community
Getting involved in the community is a big part of who we are. We live and work in your community. We love meeting our neighbours!
Local Ontario Insurance Links
If you’re a member of a group or association, you may be eligible for more discounts.
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 also 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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