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.
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.
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?
How Does MyChoice Compare To Rates.ca?
| MyChoice | Rates.ca | |
| Availability | All provinces | ON, 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?
How do I contact MyChoice?
- By email: info@mychoice.ca
- By phone: 1-800-478-4080
- By chatbot
