Td Bank Auto Insurance: What You Need To Know

TD Bank offers auto insurance through its subsidiary, TD Insurance. TD Insurance is one of Canada's largest direct insurance companies, offering a wide variety of insurance products, including auto, home, life, and travel insurance. TD Insurance provides auto insurance for various types of vehicles, including cars, vans, trucks, SUVs, and all-terrain vehicles (ATVs). They also offer several optional coverages and discounts to meet the unique needs and budgets of their customers.

TD Insurance offers a range of insurance products, including auto insurance

TD Insurance, a subsidiary of TD Bank, offers a range of insurance products, including auto insurance. TD Insurance is one of Canada's largest direct insurance companies, providing auto and home insurance across Canada. As one of the country's most popular insurers, they offer several optional enhancements to protect your vehicle against unique risks.

TD auto insurance covers various types of vehicles, including cars, vans, trucks, SUVs, and all-terrain vehicles (ATVs). They also offer a range of optional coverages beyond the mandatory provincial requirements. These include comprehensive insurance, which protects against insured damage not covered by collision insurance (such as fire or theft), collision insurance, which covers damage caused by another vehicle or object, and specified perils insurance, which covers specified risks like fire.

In addition to their standard auto insurance, TD Insurance provides several enhanced options. Accident forgiveness prevents rates from increasing after a customer's first at-fault accident, while uninterrupted driving coverage insures rental cars for road trips within Canada and the US. They also offer the removal of depreciation deduction, covering the purchase price of the car instead of its depreciated value in the event of a total loss.

TD Insurance is committed to helping customers save money on their auto insurance. They offer various discounts, such as the multi-vehicle discount, the occasional student driver discount, and the accident-free discount. Customers can also save by bundling their home and auto insurance policies.

Beyond auto insurance, TD Insurance offers a wide variety of insurance products. These include home insurance, life insurance, and travel insurance. With their range of insurance options and commitment to customer savings, TD Insurance is a popular choice for Canadians seeking comprehensive coverage.

Car insurance is mandatory in Canada

The concept of mandatory auto insurance is to protect all individuals involved in a motor vehicle accident. Without insurance, those involved in an accident may not be able to afford the associated costs of healthcare and rehabilitation. Additionally, victims of automobile accidents may not receive compensation from at-fault drivers.

While car insurance is compulsory across Canada, each province has established its own minimum coverage requirements. The required minimum liability insurance for most of Canada is $200,000, while in Quebec, the minimum requirement is $50,000. It is recommended that individuals purchase more than the minimum amount.

There are several types of mandatory coverage, including third-party liability coverage, accident benefits, direct compensation for property damage, and uninsured and unidentified motorist coverage. Third-party liability coverage pays for injuries and damages for which you are legally responsible following an accident. Accident benefits pay for your injuries after an accident, regardless of who is at fault. Direct compensation for property damage covers damages to your car when another person is responsible for the loss. Finally, uninsured and unidentified motorist coverage protects you in the case of a hit-and-run or an accident with an uninsured driver.

In addition to the mandatory coverage types, there are several other options that individuals may want to consider. For example, individuals can insure their vehicles to be repaired in the event of at-fault accidents, fire, theft, and vandalism.

TD Insurance offers car insurance in Canada, with over 1.1 million customers choosing them for their personal car insurance needs. They offer a range of coverage options, including liability coverage, accident benefits, uninsured and unidentified automobile coverage, and direct compensation for property damage. They also offer optional add-ons for broader coverage, such as specified perils, collision or upset coverage, and comprehensive coverage.

TD Insurance offers various auto insurance discounts

TD Insurance, a subsidiary of TD Bank, offers a wide variety of insurance products, including auto insurance. Through its network of insurers, TD Insurance provides customers with the right auto coverage at the right price.

TD Insurance Auto Discounts

Multi-Vehicle Discount

If you insure two or more vehicles under TD auto insurance, you are eligible for a discount.

Occasional Student Driver Discount

If a listed driver on your policy studies full-time at an institution, you can receive a discount.

Home and Auto Insurance Bundle Discount

If you bundle your home and auto insurance policies under TD Insurance, you can save on your premium.

Senior Citizen Discount

If you are a resident of Ontario, aged 65 and above, you are eligible for a discount on your auto insurance premium.

Accident-Free Discount

If you have been collision-free for a certain period, depending on the province, you can receive a discount.

Clean Driving Record Discount

If you have been conviction-free for a certain period, depending on the province, you are eligible for a discount.

Graduated Licensing System Discount

If you have recently progressed to the next driver's licensing level in Ontario, you can receive a discount.

Winter Tires Discount

If you install winter tires from December 1st to March 30th in Ontario, you are eligible for a discount.

Hybrid/Electric Vehicle Discount

If you drive a recognized hybrid or electric vehicle, you can receive a discount on your auto insurance premium.

First Chance Discount

If you are a newly licensed driver with a clean driving record in New Brunswick, Nova Scotia, and PEI, you can receive a discount.

TD Bank offers flexible financing options for vehicle purchases

With TD Auto Finance, customers can benefit from competitive rates, flexible terms, and payment options tailored to their needs. The bank also offers upfront financing, allowing customers to apply for the amount they need to purchase their desired car within their budget.

Additionally, TD Bank provides a range of dealership-available add-ons, such as GAP Insurance, extended warranties, pre-paid maintenance plans, and security features.

The TD Wheels app assists customers in searching for and comparing different makes and models to find their dream vehicle. The bank's authorized dealerships can help customers understand their budget and financial needs and connect them with the best financing options.

TD Bank also offers auto insurance through its subsidiary, TD Insurance. This includes various optional coverages, such as comprehensive insurance, collision insurance, and specified perils insurance, as well as several discounts for drivers in Canada.

TD Insurance provides 24/7 claims support

The TD Insurance Auto Centres are a one-stop solution for your car insurance claim. Here, you can talk to an on-site claims advisor, get your car repaired, and get a rental. You can also choose from their network of preferred vendors for quality, professional repairs, or an auto shop of your choice.

If you are a TD Insurance customer, you will never be alone in moments of need, with 24/7 claims support available.

Frequently asked questions