Scotiabank Car Insurance Review

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About Scotiabank auto insurance

Rooted in Canada, Scotiabank was founded in Halifax, Nova Scotia, in 1832. In 1959, they moved their executive offices to Toronto and have been providing car, home, life, health, travel, and creditor insurance policies to customers ever since. 

Scotiabank holds a name as one of the “Big Five” that dominate the banking industry. Specifically, they are the third-largest bank in Canada with 24 million Canadians using at least one of their products. Scotiabank is on both the New York and Toronto Stock Exchanges, offering a full range of personal banking services, wealth management, and insurance. They have grown to have an international customer base, including those in North America, Central America, the Asian-Pacific, Peru, Chili, and the Caribbean.

Scotiabank offers car insurance to all Canadians, with the exception of those in British Columbia, Saskatchewan, and Manitoba, as their insurance programs are operated by the provincial governments.

 

Scotiabank car insurance

When it comes to car insurance, Scotiabank has a variety of coverage options. Depending on your needs, Scotiabank with provide coverage for the following:

  • Health Care Costs
  • Disability
  • Death
  • Theft
  • Property damage
  • Damage to your home
  • Long-term hospitalization
  • Critical illness
  • Travel expenses resulting from a claim

Whether you want minimum coverage or you wish to add optional extras to your policy for full coverage, Scotiabank auto insurance will have you covered. They also offer several unique features should you wish to go the extra mile:

Non-owner coverage: This will protect you should you be involved in an accident while driving a rental car or borrowing a car.

Zero dollar deductibility: When you add this option to your policy, Scotiabank will reimburse you for minor accidents, saving you from having to pay out of pocket. 

In the event you’re in an accident and need to repair your vehicle, Scotiabank can point you in the direction of one of their many approved repair centres that’s known for high quality work. This will save you the stress of having to find a mechanic that you can trust on your own. 

During the repair process, many drivers are found having to rent a vehicle in order to continue getting to and from. To save you from the high expense involved with a rental car, Scotiabank offers extended coverage for this purpose. This way you can continue life as normal without added stress after you’ve been in an accident.

Discounts on Scotiabank Car Insurance

There are many perks that come with being a Scotiabank customer. For example, Scotiabank provides several discounts to make car insurance more affordable for Canadians. The following discounts are offered:

The Scotiabank Advantage

There are several reasons why Canadians have been turning to Scotiabank for their insurance needs for over half a century.

Customized Coverage:  In order to cater to your individual needs, Scotiabank designs their car insurance policies with you in mind. You can make changes to your coverage through their website, whether adding a driver to your policy, replacing a vehicle, updating documents, completing a quote, or otherwise. Customers can purchase a policy or manage their existing car insurance policy from their computer or mobile device.

Peace of Mind:  Scotiabank provides protection to their customers through creditor insurance, which will cover your debts in full or maintain your payments in the event you have a covered critical illness, disability, or pass away.  

A Wide Variety of Coverage Options: Scotiabank offers a variety of insurance products including home, car, life, travel, property damage, and more. 

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