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Optimum Insurance (Optimum West Insurance Company Inc.)
Broker-only, and the landlord forms are unusually complete
Optimum Insurance (Optimum West Insurance Company Inc.) {line} in BC: Broker-only, and the landlord forms are unusually complete. Optimum General Inc. is a Canadian-owned insurer founded in Montreal in 1976. Home business is written through two entities: Optimum Insurance Company Inc. (Quebec, Ontario, Manitoba, Saskatchewan, Northwest Territories, Nunavut) and Optimum West Insurance Company Inc. (Alberta, BC, Yukon); it does not write in Atlantic Canada, and premium is concentrated in BC, Ontario and Quebec. Personal lines cover home, tenant, condo, dwelling, cottage and home-business, alongside auto and recreational vehicles. It sells exclusively through selected independent brokers — roughly 600 brokerages and 1,100+ locations — with no direct-to-consumer channel.
| $300k | $1,082–$1,082/yr |
| $500k | $1,695–$1,695/yr |
| $1,000k | $3,059–$3,059/yr |
Compared at $500,000, taking each carrier lowest quote. Figures come from this site rate engine and move with the rate tables.
No. It sells exclusively through selected independent brokers, so a quote has to go through one.
There is no current public rating. AM Best rated it A (Excellent) in 2019 and withdrew the rating in May 2021 at the company’s request, so quoting an A today would be quoting a rating that no longer stands.
Quebec, Ontario, Manitoba, Saskatchewan, NWT and Nunavut through Optimum Insurance Company Inc.; Alberta, BC and Yukon through Optimum West Insurance Company Inc. Atlantic Canada is not covered, and premium is concentrated in BC, Ontario and Quebec.
Because the anchor we hold is a BC policy, and BC home runs through the detailed model. The other provinces and the condo / tenant pages have the write-up but no number yet.
Price ranges are rate-table estimates based on public industry data and regulatory approval trends; final premiums are subject to carrier underwriting.