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Canadians looking for an affordable insurance policy without having to jump through hoops to find one will find MyChoice super handy. 

MyChoice helps Canadians find the right insurance policy at the lowest price. The service combines the knowledge and experience of real-life experts with consumer data. The goal is to provide the best insurance rates and serve as an unbiased intermediary between you and insurance providers. Plus, there is no charge.

Within minutes, you can compare insurance quotes from dozens of top-rated insurance companies in Canada. Ultimately, the goal of MyChoice is to help Canadians save money on insurance policies.  

mychoice

What Does MyChoice Offer? 

MyChoice provides the following types of insurance products:

Auto Insurance

Car insurance is mandatory in Canada. Driving without car insurance is not only illegal but can cost you a lot in penalties. Get a quote for comprehensive coverage, collision coverage and third-party liability insurance with MyChoice and then work with one of their broker partners to buy your policy or in some cases, you can even buy directly online. While car insurance can be expensive, you can compare rates by getting a car insurance premium quote. 

Home Insurance 

While home insurance is not mandatory in Canada, it’s recommended to have a policy in place to protect your assets from potential events such as fire, flooding and other events that may damage your property.

With MyChoice, you apply for homeowners insurance, condo insurance and even tenant insurance. 

Life Insurance

Protect your loved ones with a life insurance policy that is not only affordable but adequately covers your needs. Whether you’re looking for a term life insurance policy or a whole life guaranteed policy, MyChoice has it all.

Mychoice Products

Features Of MyChoice

MyChoice’s online platform offers the following perks:

Compare Insurance Providers And Products

Instead of manually researching individual insurance providers and their products one by one, you can use MyChoice to get all the information you need in one convenient place. Just enter a few pieces of information, and it will populate a list of insurers, products, and price ranges based on your needs.

Quick Quotes

For a car or home insurance quote simply input your postal code to get the quote process started, and within a couple of minutes, MyChoice will deliver prices on insurance premiums for the type of insurance product you need based on the information you provide specific to the policy type. 

Unbiased Rates

MyChoice provides unbiased rates, ensuring that the user receives the best possible quote, tailored to their needs. This is in comparison to their main competitor, Rates.ca group which also runs a brokerage, where some bias may be at play.

Informative Learning Centre

The website features a learning centre with several blog articles to keep you up-to-date and informed about various insurance topics. That way, you can make more informed decisions and keep your finances in order.

How To Compare Insurance Quotes

Getting and comparing quotes from different insurers with MyChoice is simple and requires just 3 steps:

Step 1: Specify Your Needs

Whether it’s for an auto, home, or life insurance policy, simply input your particular requirements to help MyChoice find insurance providers and products that match your needs.

The exact information MyChoice requires depends on the type of policy you’re inquiring about. 

  • Car Insurance – For car insurance, you may be asked for vehicle value, make, year, and model.
  • Home Insurance – For home insurance, you’ll be asked for details about your home, including its age and location. 
  • Life Insurance– For life insurance, you’ll be asked what type of insurance you need and how much coverage you’d like. 

Step 2: Compare Quotes From Different Insurance Companies

Based on the information you provided in Step 1, MyChoice will provide quotes from various Canadian insurers. Then, you can quickly and easily compare quotes from the list provided to find the one that suits you best.

Step 3: Choose The Best Rate

From the list of quotes from various insurers, if you like the one offering the lowest rate, you can either choose to speak to one of their trusted broker partners to lock it in. Or, in some cases, you purchase your insurance policy directly online. 

What Do Consumers Think Of MyChoice?

Trustindex 5 stars
Google5 stars
Facebook4.5 stars

How Does MyChoice Compare To Rates.ca?

MyChoiceRates.ca
AvailabilityAll provincesON, AB, QC (Quotes for car insurance)
AB, BC, MB, ON (Quotes for home insurance)
AB, BC, NS, ON, SK (Quotes for life insurance)
Products Offered– Auto insurance
– Home insurance
– Life insurance
– Home insurance
– Auto insurance
– Travel insurance
– Mortgages
– Credit cards
– Bank accounts
– Investment accounts

Is MyChoice Safe? 

MyChoice takes steps to ensure that all personal information is kept safe and out of the hands of hackers. Only the information required to obtain insurance quotes is collected and is never shared with third parties outside of the scope of the company’s Privacy Policy and Terms of Use. 

You also have the option to opt out of having your data shared with non-agent third parties.

Final Thoughts

If convenience and saving money are top of mind when shopping for an insurance policy, then MyChoice is worth checking out. It makes it easy to find an insurance policy and compare products and rates to snag the lowest price. With just a few pieces of information, you can quickly get a quote and sign up for the policy you need, all online from the comfort of your home.

MyChoice FAQs

Is MyChoice free to use?

Yes, MyChoice is an insurance platform that charges no fees. You can find insurance products, get quotes, and lock in your plan, all for free.

How do I contact MyChoice?

You can reach a representative from MyChoice in the following ways: 
  • By email: info@mychoice.ca
  • By phone: 1-800-478-4080
  • By chatbot 

What cities is MyChoice available?

MyChoice is available all across Canada.
Lisa Rennie avatar on Loans Canada
Lisa Rennie

Lisa has been working as a personal finance writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same.

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