RBC Insurance Review & Ratings (2023)
This RBC Insurance Review will cover RBC Insurance ratings by real users for overall satisfaction and claims, cost, billing, and service satisfaction. To compare insurance rates from the best companies in your area, enter your ZIP code below.
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Written by
Chris Tepedino |
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Reviewed by
Laura Walker
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UPDATED: Mar 8, 2023
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Are you looking for reliable and cost-effective car insurance? Look no further than RBC Insurance, a trusted provider of auto insurance products in Canada. With over 150 years of experience in the financial industry, RBC has established a reputation for excellence in customer service and innovative insurance solutions. Look no further than RBC Insurance.
- RBC Insurance has been serving Canadians for over 150 years, making it one of the oldest and most established insurance companies in the country
- The company offers a range of car insurance products, including liability, collision, comprehensive, and accident benefits coverage
- RBC Insurance provides discounts for bundling home and car insurance, as well as for being a safe driver, having multiple vehicles, and more
By the end of this article, you’ll have a better understanding of RBC’s products and services, the associated costs, possible discounts, and even a few customer reviews.
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.
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RBC Insurance Products and Services
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.
Cost of RBC Insurance
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
Discounts are available for RBC Insurance customers who bundle their home and car insurance, as well as for safe
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.
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States Where RBC Insurance is Offered
RBC Insurance is an insurance provider in Canada, and as such, it is available in all provinces and territories across the country.
However, it’s worth noting that some insurance products and services may not be available in all regions. For example, insurance requirements and regulations can vary from province to province, so certain types of coverage or discounts may only be available in certain regions.
If you are interested in purchasing car insurance from RBC Insurance, it’s best to contact the company directly or speak with an insurance broker to find out which products and services are available in your specific location.
Customer Reviews of RBC Insurance
Customer reviews of RBC Insurance are generally positive, with many customers praising the company for its customer service, ease of use, and competitive pricing. Here are some examples of what customers have said about RBC Insurance:
“I’ve been with RBC Insurance for years and have always had great experiences with their customer service. They’re always helpful and quick to respond to any questions or concerns I have.”
Review from ConsumerAffairs
“I switched to RBC Insurance last year and have been really happy with the service so far. The website is easy to use and they offer competitive pricing for the coverage I need.”
Review from InsurEye
“I recently had to file a claim with RBC Insurance and was impressed with how easy the process was. The claims adjuster was friendly and helpful, and my claim was processed quickly and efficiently.”
Review from Ratehub
It’s worth noting that, like with any insurance provider, there are also negative reviews of RBC Insurance online. Some customers have reported issues with claims processing or have had difficulty with customer service. However, these negative reviews are relatively rare and are outweighed by the positive feedback the company has received.
In Summary: 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.