Optimum Insurance Company Inc.

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Optimum Insurance Company Inc.

Optimum Insurance Company Inc. offers its products and services through independent insurance brokers. Brokers are the consumers’ only option for INDEPENDENCE and CHOICE. Insurance brokerages are independently owned, offering insurance policies through insurance companies with whom they are contracted. Many brokerages offer clients a choice of multiple insurance companies. All insurance brokers are licenced through the Registered Insurance Brokers of Ontario

Choice of different insurance companiesIndependently owned and operated
Direct insurance companiesNoNo
Insurance agentsNoYes*
isure- simply the better brokerYesYes
*This may not always be the case. Be an informed consumer and ask!

The Bottom Line – No single insurance company is best for all drivers, everywhere in the province, all the time. Independent choice is your best ally when shopping for insurance.

Therefore, always check with an independent insurance broker like isure.ca to see what rate is best for you!

Commonly referred to a “Quarters”; Q1, Q2, Q3, Q4 refer to parts of the calendar year:

Q1 = January to March
Q2 = April to June
Q3 = July to September
Q4 = October to December

For example – Q1 premium increase of 5%, represents an insurer’s average approved premium increase between Jan and March of the given year. These approved premiums would typically be effective within the “Quarter” (Q1 – Jan to March), and would apply to all business (new business and renewals) going forward from the approved rate’s effective date. So, any policy renewing, or a new account written later in the year (i.e. July) would be subject to the premiums approved earlier in the year. Data is courtesy of the Financial Services Commission of Ontario.This chart represents a cross section of the larger insurance carriers in Ontario. Isure.ca (through its parent company Belpac Capri insurance brokers ltd.) represents a selected number of insurers included in the list of insurance companies provided.The amount shown are percentage changes in the each carrier’s average rate as approved by The Financial Services Commission of Ontario (FSCO).Rate differences will vary depending on individual rating characteristics (i.e. location, vehicles, use of vehicle, driving record etc.). For example, the rate driver may experience a larger increase in one territory, but when quoted in another area of the province, that same driver and auto may not have an increase at all in fact some may even have a decrease.