If you drive a car in Canada, you need to have car insurance. Scotiabank offers a comprehensive array of auto insurance options for people in most parts of Canada. You can also get an instant car insurance quote online, which you can easily customize, so you only get the options you want and need.
Unfortunately, you still have to call them or go into a Scotiabank branch to actually purchase your insurance, and your online quote is not guaranteed. It’s only an estimate based on the information you provide when filling out the form. Scotiabank also offers a few ways to get a discount on your car insurance, either by bundling it with house insurance, or by insuring multiple vehicles at the same time.
Scotiabank car insurance features
Scotiabank auto insurance offers a comprehensive suite of insurance options.
Why You Want It
24/7 claims assistance available + Bundling discount opportunities.
Special Features
- Several opportunities for discounts
- 24/7 availability for making claims
Eligibility
- Canadian citizen
- Age of majority
Provinces
AB, NB, NL, NS, ON, PE, QC
Features
Liability Insurance
Accident Benefits / Bodily Insurance
Collision Insurance
Comprehensive Insurance
Emergency Road Service
Uninsured Motorist Coverage
Direct Compensation Property Damage
All Perils
Specified Perils
Accident Forgiveness
Replacement Value For Total Loss
See Issuer for Details
Family Protection
New Vehicle Protection / Depreciation
Loss Of Vehicle Use Endorsement
Rented Or Borrowed Car Protection
Ride Sharing
Conviction Protection / Ticket Forgiveness
Disappearing Deductible
See Issuer for Details
Scotiabank car insurance rating: 4.4 stars
Scotiabank offers a wide array of auto insurance options, rivalling those offered by other of Canada’s big banks. And while there are a few ways to get discounts on your insurance, those are pretty limited, and don’t include things like a disappearing deductible, or optional safe driver programs, like some other providers offer.
Rating methodology
To calculate our Genius Ratings, we compare the features of the account or product in question with other similar products in Canada. We give each feature a score out of 5 based on that comparison. Once we’ve rated all the features, we run them through our proprietary algorithm to produce a final rating out of 5.
Learn more about our rating methodology.
The pros of Scotiabank car insurance
With comprehensive options, instant and easily customizable online quotes, and a handful of available discounts, Scotiabank car insurance has a lot to offer.
Pros
Instant online quote available
If you have your driver and car information on hand, you can quickly get an estimated quote for what you can expect to pay for your Scotiabank car insurance premiums. These are estimates, of course, and may change when you speak to a Scotiabank representative to finalize your insurance policy.
Online quote is easily customizable
When we requested a quote from Scotiabank, we were able to easily customize the options available and instantly recalculate the quote. We were able to modify how much liability coverage was included, whether to include All Perils coverage (and how much of a deductible we wanted), and whether we wanted to include rental car insurance, and a few other options.
24/7 insurance claims
If you have Scotiabank car insurance and need to make a claim, Scotiabank has claims experts available to speak with on a 24/7 basis. You’ll never have to wait until the next business day to start your claim.
Discounts available
You can get a discount on your Scotiabank auto insurance premiums if you also have a house insurance policy with them, or if you insure multiple vehicles with them at the same time.
The cons of Scotiabank car insurance
Cons
Online quotes aren’t guaranteed
While you can get an instant quote for car insurance online, these are just estimates and aren’t guaranteed. The amount you ultimately end up paying may change when you’re finalizing your policy.
You can’t purchase online, you still have to call someone
And while you can get a quote online, you still need to speak with a Scotiabank representative to finalize and purchase your insurance policy. This isn’t that unusual, but in this day and age, the modern convenience of being able to do everything online is increasingly expected.
May not be the best rates available
As a traditional bank, Scotiabank may not have the best auto insurance rates available. You’ll still want to shop around to check prices from a number of providers – or work with an insurance broker – to find the best rate for you.
Does not offer coverage for gig-work
And while this is almost standard for Canadian insurers, your personal car insurance will not cover you adequately if you use your car for gig-work or a side hustle, such as driving for Uber, or delivering for Skip The Dishes. If you’re engaged in either of these activities, or are considering it, you’ll want to talk to an insurance professional to figure out exactly what insurance coverage you’ll need so you don’t end up with a nasty surprise if something untoward should happen.
Scotiabank car insurance alternatives
So, how does Scotiabank’s auto insurance measure up to some other competitors in Canada? We took a closer look to find out.
 |  |  |  | |
|---|---|---|---|---|
| Account | Scotiabank Car Insurance | RBC Auto Insurance | TD Auto Insurance | Sonnet Car Insurance |
| Genius Rating | ||||
| Why You Want It | 24/7 claims assistance available + Bundling discount opportunities. | Comprehensive offerings + Save up to 10% when bundling insurance. | Membership discounts for 750+ groups + Save with TD MyAdvantage. | Get a quick quote online for competitive rates + Add on optional coverages. |
| Liability Insurance | | | | |
| Accident Benefits / Bodily Insurance | | | | |
| Collision Insurance | | | | |
| Comprehensive Insurance | | | | |
| Emergency Road Service | | | | |
Show More | ||||
| Get a quote See more Scotiabank products Compare | Learn More See more RBC products Compare | Learn More See more TD products Compare | Learn More See more Sonnet products Compare |
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FAQ
Does Scotiabank offer car insurance?
It does. Scotiabank offers a comprehensive array of car insurance options, and you can get an instant quote from them online.
How much is car insurance in Canada?
It depends. Car insurance premiums are based on your driving history, driving record, what vehicle or vehicles you’re insuring, what insurance options you want, and what discounts may be available to you. Insurance prices are highly personalized, so it’s best to shop around and get quotes from at least a few insurance providers before making a final decision.
Can I get a discount for Scotiabank car insurance?
Scotiabank offers discounts for car insurance if you bundle it with a house insurance policy, or if you’re insuring multiple vehicles. You’ll have to speak with a Scotiabank representative to find out more.
Editorial Disclaimer: The content here reflects the author's opinion alone, and is not endorsed or sponsored by a bank, credit card issuer, rewards program or other entity. For complete and updated product information please visit the product issuer's website.
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