Optimum General Auto Insurance Review (2020)

In this Optimum General Inc. Insurance review, we discuss the Optimum Insurance Company, Optimum West Insurance Company, and other subsidiaries of Optimum General Inc., which operate in Canada and offer auto insurance and homeowners coverage as well as various forms of commercial coverage. The BBB Optimum rating is an A+.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Aug 25, 2020

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Company Details
Address: 425 de Maisonneuve Blvd. West, Suite 1500
City: Montreal
State: Quebec, Canada
ZIP Code: H3A 3G5
Phone Number: 514-288-8725
Year Founded: 1969
AM Best Rating: A
Company Rating 0 (0 reviews)
Things to Remember

  • Optimum Insurance offers auto insurance and homeowners coverage
  • There are over 500 brokers who work for Optimum Insurance
  • The company is based in and operates within Canada

Optimum Insurance Company is a subsidiary of the Optimum General Inc., which is a subsidiary of the Optimum Group. This organization provides casualty and property insurance both on the commercial and consumer fronts in Canada.

Individual product lines include certain types of auto insurance coverage and homeowner coverage, corporate property and liability. Along with Optimum Insurance, other subsidiaries of the Optimum Group underwrite products like Optimum Farm Insurance and Optimum West Insurance.

For more information on the Optimum Insurance Company in Canada, read this Optimum General Inc. auto insurance review. We’ll go over information on Optimum Insurance phone numbers, customer service, reviews, and more.

Before you read through this Optimum General Inc. insurance review, why not type in your ZIP code to get free insurance quote to start find cheap auto insurance and other coverage types today.

Optimum General Inc. Insurance Basics

The business is broken down in the following manner. All accounting, actuarial, and information technology services are centralized at the head office of Optimum General Inc., in Montreal.

Each regional office is run by a Regional Vice President, which focuses its sights a particular and unique business segment.

The regional offices focus their attention on all issues relating to claims management, underwriting, forming strong relationships with brokers, and processing homeowner and auto insurance claims.

Optimum General Inc. has almost 200 employees working for them in Canada.

With a vast network of 500+ independent brokers and with over 1,000 points of sale to find their products, Optimum has been able to continually build upon their current accomplishments and activities, while still being able to investigate new initiatives.

The insurance products offered by Optimum General Inc. are sold through a distribution network of about 500 brokers who are independent contractors. Moreover, the Optimum Group also has business interests in the following markets:

  • Financial service
  • Life insurance
  • Real estate management

At the same time, the company continues to strive to offer unwavering customer service to both their brokers and to insurance policyholders.

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Optimum General Inc. Auto Insurance Rates

We don’t currently have auto insurance rates for Optimum General Inc. However, there are some potential benefits to the structure of the company that can mean lower rates and more tailored policies. 

Optimum General Inc.’s subsidiaries offer a variety of insurance types (we’ll discuss this in further detail later). The subsidiaries operate similarly to small insurance companies, so they may be able to offer lower insurance rates. Why? Because smaller companies can focus on primarily selling policies to lower risk insureds. 

In addition, smaller companies are often able to provide more tailored policies to their insureds. Purchasing a policy from a provider like Optimum allows you to enjoy the benefits of a smaller company, while feeling secure in the knowledge that they have the financial backing and support of a larger entity. 

What is Optimum General Inc. Insurance availability?

Optimum General, as we described earlier, is broken down into different subsidiaries. Read through the next few sections to learn more about availability and coverages offered through Optimum General Inc.

Optimum Auto Insurance and the Optimum West Insurance Company

This subsidiary, which has its offices located both in Vancouver and Edmonton, underwrites the following types of policies:

  • Personal residential insurance
  • Commercial liability insurance (for Businesses in Alberta, British Columbia, and the Yukon)
  • Personal automobile insurance (Alberta and the Yukon)
  • Commercial automobile insurance (Alberta and the Yukon)

As you can see, Optimum Auto Insurance and Optimum West Insurance Company offer different coverages in specific parts of Canada. 

Optimum Insurance Company

This subsidiary has its offices in Montreal, North Bay, Quebec City, Toronto, and Winnipeg. The types of insurance policies Optimum Insurance Company underwrites are the following:

  • Personal residential insurance (Quebec, Ontario, and Manitoba)
  • Personal automobile insurance (Quebec and Ontario, only)
  • Commercial property insurance (Quebec, Ontario, Manitoba, the Northwest Territories, Nunavut, and Saskatchewan)
  • Commercial automobile insurance (Quebec and Ontario, only)

If you decided Optimum Insurance is the right car insurance for you, it’s a good idea to speak with a licensed insurance agent to learn more about the types of auto insurance coverage they offer and the best mix for your unique situation.

Optimum Farm Insurance Inc.

Optimum Farm Insurance Inc. underwrites the following types of policies:

  • Automobile insurance for farm owners
  • Farm/Property insurance for farm owners
  • Liability insurance for farm owners

All these coverages are for the Quebec area only.

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Optimum General Inc. Insurance Coverages Offered

As we described above, there are a number of different coverages available through Optimum General Inc. These coverage types include:

  • Personal residential insurance
  • Commercial liability insurance
  • Personal automobile insurance
  • Commercial automobile insurance

It’s also important to note that as we described in the previous section, not all coverages are available throughout the country.

Optimum General Inc. Insurance Contact Information

The information for the head office is listed below. Contact information for all other regional offices is available on the company website.

425 de Maisonneuve Blvd. West
Suite 1500
Montreal, Quebec Canada
H3A 3G5

The Optimum Insurance Company contact number is (514) 288-8725.

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How to Make a Optimum General Inc. Auto Insurance Claim

Optimum insurance company claims and Optimum West Insurance Company claims, along with claims with any of the other Optimum General Inc. subsidiaries can be filed through your broker.

If you need to file a claim outside of normal business hours, Optimum General Inc. has a list of emergency claims numbers on their website for different areas of the country.

Optimum General Inc.: Auto Insurance Ratings

When you’re looking for the best companies for insurance, one way to help you decide which is right for you is to look at company ratings.

These ratings are generated by companies that look at the customer service satisfaction, complaint records, and financial statements of insurers. Examples of ratings companies include A.M. Best, the Better Business Bureau, and others.

Due to their growing financial strength, A.M. Best has moved up Optimum General Inc. from their A- rating to an A rating. Take a minute to watch this video to learn more about what A.M. Best does and what these ratings mean.

Additionally, the Better Business Bureau (BBB) rates different Optimum Insurance Company offices separately. Take a look at this table to see what we mean.

Optimum Insurance Company Better Business Bureau Ratings by Office
Optimum Insurance Company Name and LocationBBB AccreditationBBB Rating
Optimum Insurance Company – North BayNot AccreditedA+
Optimum West Insurance Company – Burnaby, BCNot AccreditedNot Rated
Optimum West Insurance Company – Edmonton, ABNot AccreditedA+
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As you can see, while none of the subsidiaries are accredited by BBB, Optimum Insurance – North Bay, Ontario and Optimum West Insurance Company – Edmonton, AB are both rated A+ for customer service.

The Bottom Line: Optimum General Inc. Auto Insurance Review

Based on what we discussed throughout this article, including BBB Optimum reviews, A.M. Best reviews, and general research, it would appear that overall Optimum General Inc. and their subsidiaries like Optimum Insurance – North Bay and Optimum West Insurance Company Inc. are a safe bet for your auto insurance needs.

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Frequently Asked Questions: Optimum General Inc. Auto Insurance Review

Still have questions about Optimum General Inc. Insurance Company? Read these frequently asked questions to learn more.

#1 – Can I buy Optimum Life Insurance?

Optimum General Inc. and its subsidiaries do not currently sell life insurance. The Optimum Canada Insurance Company does have some interests in the life insurance market, however, as we mentioned earlier.

#2 – What do Optimum 500 reviews say?

The Optimum 500 is not actually sold by Optimum Insurance Company nor is it an insurance product. Instead, it is a performance juicer sold in Australia that has mostly positive product reviews.

Now that you know all about Optimum General Inc., are you ready to start comparing insurance rates? Input your ZIP code onto this page to get started on getting quotes today.

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