RBC Insurance Review & Ratings (2024)
Discover the peace of mind that comes from having expert guidance and access to comprehensive information on a wide range of insurance policies and coverage options. Whether you're looking to safeguard your home, car, or loved ones, RBC Insurance is here to help you make informed decisions and protect what matters most to you. With our trusted expertise and commitment to customer satisfaction.
Ty Stewart
Licensed Life Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Life Insurance Agent
UPDATED: Nov 26, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Nov 26, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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RBC Insurance
Average monthly rate for good drivers:
N/AA.M. Best rating:
N/AComplaint level:
LowPros
- Well-established with a long history.
- Offers a comprehensive range of insurance products.
- Positive customer feedback on customer service and competitive pricing.
- Multiple options for filing claims, including online, phone, and mobile apps.
- Emphasis on digital features and online account management.
Cons
- Some negative customer reviews regarding claims processing and customer service (although these are relatively rare).
- The specific A.M. Best rating is not provided in the text.
- Lack of real-time data on the complaint level and average annual rate for a 45-year-old male driver.
Final Verdict: Review of RBC Insurance
RBC Insurance is a well-established car insurance provider in Canada, offering a range of products and services to customers across the country.
The company has a solid reputation for providing quality coverage at competitive prices, with many customers praising its customer service and ease of use. RBC Insurance offers a range of discounts to help customers save money on their premiums, including multi-policy, loyalty, safe driving, driver training, group, and usage-based insurance discounts.
According to a study conducted by J.D. Power, RBC Insurance customers pay an average of $1,056 per year for their car insurance, which is slightly below the national average of $1,134. Customer reviews of RBC Insurance are generally positive, with many customers praising the company’s customer service, ease of use, and competitive pricing.
While there are some negative reviews online, they are relatively rare and are outweighed by the positive feedback the company has received.
So, RBC Insurance is a reputable and reliable car insurance provider that offers a range of services at competitive rates. With its long history and commitment to innovation, RBC Insurance is a great choice for Canadians in need of car insurance.
What You Should Know About RBC Insurance
Welcome to our comprehensive guide on insurance policies and coverage options. In this article, we aim to provide you with expert insights and information to help you navigate the complexities of insurance decisions. We will cover a range of key topics, including different types of insurance policies such as home insurance, and life insurance.
Whether you’re a homeowner looking for property protection. A driver seeking reliable auto coverage, or someone wanting to ensure the financial security of your loved ones, RBC Insurance is here to assist you every step of the way. To get started on finding the best insurance rates tailored to your needs, simply enter your zip code below and compare quotes from top insurance providers.
RBC Insurance History and Mission
RBC Insurance has a long and rich history that dates back to its founding in 1864. Originally known as the Mutual Life Assurance Company of Canada, RBC Insurance was established to provide life insurance and investment products to Canadians. Over the years, the company expanded its offerings to include a wide range of insurance products, including car insurance.
Today, RBC Insurance is one of the largest insurance providers in Canada, with over 4 million customers across the country. The company’s mission is to provide innovative insurance solutions to Canadians and build long-lasting relationships with their clients.
RBC Insurance is committed to offering exceptional customer service and creating customized insurance products that meet the unique needs of their customers.
In addition to its commitment to innovation and customer service, RBC Insurance is also dedicated to giving back to the communities it serves. The company supports a variety of charitable organizations and initiatives across Canada, including the United Way, the Canadian Cancer Society, and the Canadian Red Cross.
Overall, RBC Insurance’s history and mission reflect its commitment to providing high-quality insurance products and exceptional customer service to Canadians. With its long-standing reputation and dedication to innovation, RBC Insurance is a trusted and reliable choice for Canadians in need of insurance products, including car insurance.
RBC Insurance Coverage Options
RBC Insurance offers a range of car insurance products and services designed to meet the unique needs of its customers. Here is a closer look at the company’s main car insurance products:
- Liability coverage: This type of coverage is mandatory in most provinces and territories in Canada and covers damages that you may cause to other people and their property while driving your car.
- Collision coverage: This type of coverage pays for damages to your own car if you are involved in a collision with another vehicle or object, regardless of who is at fault.
- Comprehensive coverage: This type of coverage pays for damages to your car that are not caused by a collision, such as theft, fire, vandalism, and weather-related damage.
- Accident benefits coverage: This type of coverage provides benefits to you and your passengers in the event of an accident, regardless of who is at fault. Benefits may include medical expenses, lost income, and funeral expenses.
In addition to these main car insurance products, RBC Insurance also offers a range of optional add-ons and endorsements that customers can choose from to further customize their coverage. These options include:
- Roadside assistance coverage
- Rental car coverage
- Loss of use coverage
- Waiver of depreciation coverage
- Glass coverage
RBC Insurance also offers a variety of other insurance products, including home insurance, life insurance, travel insurance, and more. By bundling their insurance policies with RBC Insurance, customers can save on their premiums and enjoy added convenience.
Overall, RBC Insurance offers a comprehensive range of car insurance products and services that can be customized to meet the unique needs of its customers. With its competitive rates and exceptional customer service, RBC Insurance is a great choice for Canadians in need of car insurance.
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RBC Insurance Rates Breakdown
The cost of car insurance from RBC Insurance can vary widely depending on a number of factors, including the make and model of your car, your driving record, your location, and the type and amount of coverage you choose.
However, according to a study conducted by J.D. Power, RBC Insurance is generally considered to be a relatively affordable car insurance provider in Canada. The study found that RBC Insurance customers pay an average of $1,056 per year for their car insurance, which is slightly below the national average of $1,134.
It’s worth noting that these numbers are based on a range of factors and may not be representative of your individual situation. To get an accurate quote for car insurance from RBC Insurance, you will need to provide information about your specific circumstances and the type of coverage you require.
RBC Insurance Discounts Available
RBC car insurance discounts are offered to customers who combine their home and auto insurance policies with RBC Insurance, ensuring both their assets and loved ones are protected, while also rewarding safe driving habits.
RBC Insurance offers a range of discounts to help customers save money on their car insurance premiums. Here are some of the main discounts that may be available to you:
- Multi-policy discount: Customers who have more than one insurance policy with RBC Insurance, such as home insurance or life insurance, may be eligible for a discount on their car insurance premiums.
- Loyalty discount: Customers who have been with RBC Insurance for a certain number of years may be eligible for a loyalty discount on their car insurance premiums.
- Safe driving discount: Customers who have a good driving record and have not had any accidents or tickets may be eligible for a safe driving discount on their car insurance premiums.
- Driver training discount: Customers who have completed an approved driver training program may be eligible for a discount on their car insurance premiums.
- Group discount: Customers who are members of certain organizations or affinity groups may be eligible for a group discount on their car insurance premiums.
- Usage-based insurance discount: Customers who enroll in RBC Insurance’s usage-based insurance program, which tracks driving habits using a telematics device, may be eligible for a discount on their car insurance premiums based on their safe driving habits.
It’s worth noting that not all discounts may be available in all provinces and territories, and eligibility for discounts may vary depending on your individual circumstances. To find out which discounts you may be eligible for, it’s best to contact RBC Insurance directly or speak with an insurance broker.
Frequently Asked Questions
What is RBC Insurance?
RBC Insurance is the insurance division of the Royal Bank of Canada. It offers a wide range of insurance products, including life, health, travel, home, and auto insurance.
Is RBC Insurance a reputable company?
Yes, RBC Insurance has a strong reputation in the insurance industry. It has been recognized for its financial strength and stability by rating agencies such as A.M. Best and Moody’s.
What types of insurance does RBC Insurance offer?
RBC Insurance offers a variety of insurance products, including life insurance, health insurance, travel insurance, home insurance, and auto insurance.
Can I get a quote for insurance from RBC Insurance online?
Yes, you can get a quote for insurance from RBC Insurance online. The company has a user-friendly website that allows you to easily get a quote for the type of insurance you need.
Does RBC Insurance offer discounts on insurance policies?
Yes, RBC Insurance offers discounts on insurance policies for various reasons, such as being a good driver or bundling multiple policies together.
How do I file a claim with RBC Insurance?
You can file a claim with RBC Insurance by calling the company’s claims department, which is available 24/7. You can also file a claim online or through the company’s mobile app.
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Ty Stewart
Licensed Life Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about life insurance when he got his first policy for his own family. He has been featured as a life insurance expert speaker at agent conventions and in top publications. As an independent licensed life insurance agent, he has helped clients nationwide to secure affordable coverage while making the...
Licensed Life Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.