Economical Insurance is a Canadian Property & Casualty insurance company, founded in 1871. It offers a wide range of insurance services across Canada including property, automobile, surety, agricultural and liability insurance. It also offers business insurance solutions for SMEs, associations and groups, commercial vehicles, farm insurance products, and so forth. Economical Insurance is headquartered in Waterloo, Ontario but has its regional offices in various parts of Canada including Edmonton, Calgary, Vancouver, Halifax, Ottawa and so forth.
Its products are marketed and sold via independent insurance brokers. Economical insurance is the 20th largest insurance company in Canada by total assets and 9th largest property and casualty insurance company in Canada by direct written premium. The company has several subsidiaries including Economical Mutual Insurance Company, Perth Insurance Company, Waterloo Insurance Company, and so forth.
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