TD Car Insurance Review (2026)
TD car insurance: The basics
- Founded: 1949 (77 years in business)
- Parent company: Toronto-Dominion Bank (TD Bank Group)
- Underwriting companies: TD Home and Auto Insurance Company, Primmum Insurance Company, and Security National Insurance Company
- Website: www.tdinsurance.com
- Phone number: 1-866-361-2311
- Availability: Nationwide (online quoting not available in Alberta)
- Car insurance products: Car, motorcycle, ATV, snowmobile, motor home
What does TD car insurance cover?
All TD car insurance policies include coverage required by provincial law that pays for:
- Other drivers’ medical bills and vehicle repairs if you’re found at fault in an accident
- Your own legal costs if you’re sued due to an at-fault accident
- Medical, rehabilitation, attendant care, caregiver, and funeral costs for you and your family regardless of fault
- Income replacement regardless of fault
- Your own medical bills and vehicle repairs if you’re struck by an uninsured or unidentified at-fault driver
- Additional medical coverage up to your own policy limits if an at-fault driver has insufficient liability coverage
- Repairs to your vehicle if it’s damaged by an identified at-fault driver
* Standard accident benefits may change following an update to Ontario’s mandatory insurance laws in July 2026.
Optional TD car insurance coverages and endorsements
In addition to the core coverage required by provincial law, TD offers the following optional and recommended coverages and endorsements:
* DCPD coverage is no longer required by law in Ontario, but you must waive the coverage in writing if you choose to remove it from your policy.
** Also known as Removing Depreciation Deduction.
Note that not all vehicles and customers are eligible for all coverage options. You can visit TD’s website or speak with a licensed insurance advisor to understand your eligibility for optional coverage and endorsements.
TD car insurance discounts
TD is known for offering discounted car insurance rates to alumni and members of certain professional groups, but the company has a range of other discounts available, too:
- Bundling discount: You can bundle your TD auto insurance with home insurance, condo insurance, or tenant insurance. Discount amounts vary, but TD customers in Ontario without a professional or alumni discount saved an average of $626/year, while alumni and professionals saved over $1,900/year.
- Multi-vehicle discount: Insure two or more cars in the same household and you’ll pay a lower rate than the combined cost to insure those vehicles separately.
- Preferred rates: If you belong to an eligible alumni, professional, or employer group, you may be eligible for a discounted rate.
- Green wheel discount: Owners of hybrid or electric vehicles can save up to 10% on premiums.
- Student occasional driver discount: If a student in your household is listed on your policy as an occasional driver, you may be eligible for a lower rate.
- Winter tire discount (Ontario only): If you install winter tires on your vehicle from December to March each year, you’ll pay less for coverage due to the decreased accident risk.
- Buy online discount: Customers who get TD auto insurance quotes and purchase a policy online can save 5%.
- Claims free discount: If you have been claims-free for at least one year, you can earn a discount based on your safe driving history. According to TD, the average claims-free discount is 30%.
- Low mileage discount: TD policyholders who don’t drive often, such as those who work from home and or have a short daily commute, may be eligible for discounted premiums.
TD’s usage-based insurance discount: TD MyAdvantage
TD auto insurance customers who download the TD insurance app can enroll in MyAdvantage, a free program that tracks driving in real time in exchange for a personalized premium based more closely on how you drive rather than demographic factors. Your rate can either go down or up based on data collected by MyAdvantage.
- How it works: MyAdvantage uses GPS technology in your smartphone to collect and record driving data. After six months, your auto insurance premium will be personalized based on the data collected by the program.
- What it tracks: MyAdvantage tracks acceleration, braking, cornering, speed, time of day, distance traveled, highway driving, and distracted driving (i.e., direct screen usage, handheld phone calls, or hands-free calls).
- Activation discount: 10% (subject to program requirements)
- Maximum discount: 30%
- Maximum potential penalty: 30%
How much does TD car insurance cost?
On average, single drivers pay $200–$300/month for full coverage auto insurance from TD Insurance. Driving violations, high-risk vehicles, and local traffic and theft patterns can all impact the cost of your TD auto insurance policy.
For couples or households with more than one car, TD car insurance typically costs $300–$375/month, with higher rates in regions subject to high theft risk.
The exact cost of car insurance from TD depends on a wide range of rating factors, including:
- Location: Traffic, weather, and crime patterns in your area indicate the statistical likelihood of various insurance claims. Cities often have higher auto insurance costs for this reason.
- Coverage limits: If you choose a higher level of coverage based on your insurance needs, you’ll pay more for TD insurance.
- Age: Younger drivers have a higher risk of accidents and violations, so they pay higher rates.
- Gender: In Ontario, TD uses gender to set the price of car insurance, with minor statistical differences between rates for men and women.
- Vehicle: The value, age, and theft risk of your vehicle all affect the price of coverage.
- Driving history: If you have violations, at-fault accidents, insurance denials, or other red flags in your history, you may see higher rates or even be turned down for coverage.
TD car insurance cost: Family quotes
TD car insurance quotes for a married couple who own a 2021 Ford F-150 XLT SuperCrew 4WD and a 2019 Honda Civic Sport averaged between $215/month for mandatory coverage and $386/month for high coverage.
Quotes for Brampton, Ontario brought up TD’s average pricing significantly. Brampton is one of Canada’s leading auto theft hotspots, with over $43 million in theft claims in 2025 alone and a 565% increase in motor vehicle theft between 2017 and 2025 according to the Insurance Bureau of Canada. Because one of our sample vehicles—the Ford F-150—is a common theft target, quotes for this vehicle in Brampton are extremely high. Other cities facing high auto theft rates and rising car insurance costs include Markham, Oakville, and Richmond Hill, all in the Greater Toronto Area.
TD car insurance cost: Single-driver quotes
TD car insurance quotes for a single 45-year-old male driver with a 2019 Honda Civic Sport averaged between $170/month for mandatory coverage and $256/month for high coverage.
TD car insurance quotes for a single 45-year-old female driver with a 2019 Honda Civic Sport averaged between $180/month for mandatory coverage and $266/month for high coverage. That’s roughly $10 more per month than male drivers, or between 3% and 6% more overall.
TD car insurance cost: Quotes with a driving violation
TD car insurance quotes for a married couple with a single minor speeding violation who own a 2021 Ford F-150 XLT SuperCrew 4WD and a 2019 Honda Civic Sport averaged between $273/month for mandatory coverage and $473/month for high coverage.
If you receive a minor driving violation while insured with TD, you could see your rate go up by an average of 22–27% at your next policy renewal.
The TD car insurance claims process
TD’s claims process is fairly straightforward. After a car accident or any other incident involving your car, follow these steps:
- Ensure safety first: Pull over to a safe place, contact emergency services if needed, and check to see if anyone needs medical attention. Deal with any ongoing hazards before contacting TD.
- Document everything: Take photos and video, make note of the location and time of day, and file a police report if possible. At a minimum, you should have the name and driver’s license number of all drivers involved in the accident, along with vehicle information for all vehicles involved and a police report (if applicable).
- Contact TD within 7 days: In general, you have up to two years to file an auto insurance claim, but TD cautions that reporting an accident as soon as possible can improve the claim experience.
- Track your claim’s progress: You can track your claim in the TD mobile app or through your MyInsurance online services account.
- Choose between a TD Auto Centre or an independent mechanic: You don’t need to bring your car to an approved TD Auto Centre for repairs, but it can streamline the claim process.
A car insurance claim may cause your TD insurance premium to go up at renewal, but it’s not guaranteed. You’re most likely to see a rate increase after any claim where you were determined to be partially or fully at fault. For other claims, you may see a smaller increase or no rate hike at all, depending on the circumstances.
TD allows customers to file car insurance claims by phone 24/7 at 1-866-454-8910, or by using the TD app.
Is TD good for claims?
TD’s reputation for auto insurance claims is fairly mixed. When we searched Reddit’s insurance and personal finance forums for TD customer stories about their claims experience, we found both reassuring experiences and mentions of denied or drawn-out claims.
TD car insurance vs. other providers
Here’s how TD car insurance compares to two other popular providers.
* Average monthly premium for an all perils policy for two drivers and two vehicles.
Is TD car insurance right for you?
TD car insurance is typically a good option for anyone who is eligible for an alumni, professional, or employer group discount. Experienced drivers in low-risk areas (like smaller towns) and existing TD Canada customers may also find favourable rates.
FAQ: TD car insurance
This article is for general information only and is not insurance or legal advice. Examples and any sample quotes or rate ranges are illustrative and do not constitute an offer or guarantee of coverage, price, or eligibility. Actual coverage, discounts, and premiums depend on your individual circumstances and the insurer provider; if there is any discrepancy, your policy and insurer documentation govern. For advice about your situation, speak with one of our licensed insurance professionals.