Insurance Broker Mississauga

As RIBO licensed Mississauga insurance brokers, we offer Life and Health Insurance, Commercial property/Liability insurance, Commercial auto insurance, Travel /Super Visa insurance, Home insurance and Auto insurance along with many more products. 

If you ever have any questions or would like to get a quick quote, you can call Filip Ambroziak at (416) 803 -2113 or email filipa@pbnet.ca. Our brokerage is located in Mississauga at 250 Dundas St W. Unit 408. 

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Contact Us

  • Serving all of Ontario!
  • 250 Dundas St W #408 Mississauga ON L5B 1J2​
  • Monday - Friday: 10:00am - 5:00pm
  • (416) 803-2113
  • (905) 366-0066
  • filipa@pbnet.ca

Best Insurance Broker in Mississauga

Our goal is to be the best insurance broker in Mississauga and the Greater Toronto Areas. Filip Ambroziak has been named a top insurance broker in Mississauga by Threebestrated and has also been nominated as Canada’s best insurance broker by Business Canada in 2018.

 We plan to become the best insurance broker by a combination of exceptional customer service (from policy changes to re-quotes), top class education (an educated client is a good client) and great pricing (maintaining powerful relations with Canada’s largest insurance companies).

Your Mississauga Insurance Broker

Why choose Ambroziak & Rao as your Mississauga insurance broker? We know that insurance can be complicated and we know how the current Mississauga insurance market looks. We make insurance shopping easy. 

Same day applications

Once a quote is created and accepted by the client, insurance applications can be issued same day! 

multiple markets

Get competitive pricing from multiple insurance companies through one representative

quick quote

You will have an insurance quote ready for your risk in under 20 minutes. Non-standard quotes may take longer.

effortless policy changes

Endorsements, additions, extensions, exclusions and changes are quick and stress free.

fee free counseling

Claims processing, coverage solutions, billing management and risk analysis via one representative.

complete communications

Communication in insurance is vital. You can call, email or text us with any questions you may have. 

Ambroziak & Rao Insurance Brokers

We have clients coming from all over the Greater Toronto Areas asking for help and guidance. Whether they have a problematic driving history, purchasing a brand new vehicle for commercial usage, opening a business or dealing with ongoing claims, we hear them out and offer the best possible advice. Whether it’s recommending to stay with your current insurance company or joining a new one, our customers’ needs are a priority.

Located in the heart of Mississauga at Dundas St West and Parkerhill Dr, you can stop by our office anytime! Our office hours are Monday to Friday, 10:00 am to 5:00 pm. You can call us at (416) 803-2113 or email Filip directly at filipa@pbnet.ca.

Mississauga Insurance Prices

Over the last two years, the Canadian insurance industry has been experiencing significant premium increases. This can be especially felt with auto insurance in Ontario. This makes it a very important time to shop around and look for the best value. Here are our best tips when shopping around for auto insurance in Mississauga:

1. Shop Properly. When shopping around for insurance, always be sure that you aren’t looking at just price. One company may be offering a slightly lower price which can be enticing, but an important endorsement may be missing. 

When shopping around, write down the exact coverage, endorsements and limits you would like your policy to have and make sure you are getting quoted on exactly that from each carrier. This will make it a fair comparison. Some companies such as Chieftan Insurance automatically offer higher accident benefits coverage and bigger liability amounts which can benefit the client. Always shop correctly! 

2. Bundle Up. Being a Canadian, I’m sure you heard this before. Well, its also a very good way to keep your insurance rates as low as possible! By adding your home insurance to the same company as your auto insurance, you can save up to 20% on your car alone and an additional 10% on your home.

3. Keep a Clean Record. This is an obvious one but it’s something that is worth mentioning. Ontario insurance companies are not just increasing their rates, they are also tightening up their underwriting. That means that they are becoming very strict with who they will insure in the first place. If you get one or two tickets and add that to a recent at-fault claim you had a few years ago, they may double your insurance premium or choose to not renew your policy all together. It is now more important than ever to have a clean driving record and not get any tickets.

Let Us Do The Shopping!

FAQ

Frequently Asked Questions:

Put simply, an insurance broker is an insurance professional who does not just work for one insurance company (agent) but is contracted with many. This makes it easier for the insurance broker to find the best coverage at the best premium because they have no interest in placing a client with one specific company. They work for the client, not the company. 

A deductible is the amount of money that your would have to pay for the claim before the insurance company pays out. You cover this portion of the claim costs, and the insurance company will cover the rest. 

If you have a $1000 deductible on your policy and you get into an at-fault accident costing about $5000 to repair, your claim would look similar to this:

$1000 is paid by you, the remaining $4000 is covered by your insurance company. 

This applies to all types of insurance policies such as home and commercial. 

The lower your deductible, the higher your yearly premium will be. 

In order for an insurance broker to sell an insurance product in Ontario, he/she must hold a license. In order to sell auto, home and commercial insurance, the broker must hold a RIBO (Registered Insurance Broker of Ontario) license. To offer life and health insurance, he/she must hold the LLQP (Life License Qualification Program) license. 

Most brokers have the RIBO license and can offer auto, home and business insurance from various insurance companies. Some also hold the LLQP and can offer life and health insurance products. 

Many types of insurance can only be purchased through an insurance broker. Examples include certain high-risk auto insurance as well as commercial insurance. 

This is a very tough question to answer for two reasons: 1. Every individual rating is completely different than the next so there is no one answer fits all. 2. The insurance market is cyclical. For this specific reason, your insurance may not go down at all even thou your record clears up! Lets get into a little more detail:

1. There are many factors that can affect your rate individually. Examples include your tickets, claims and cancellations. Your insurance may go down as your record clears up. 

2. The insurance market is cyclical. This means that there is a circle in the insurance industry and it looks like this: 1. Insurance company offers low pricing to get clients. 2. Insurance company get a lot of clients but also many claims occur. 3. Insurers increase rates to keep up with claims. 

What does that mean for your as a policy holder?

It means that you might get premium increases for no apparent reason. In some cases, these premium increases can be drastic. When this occurs, industry vets call it a “hard market”. If the industry enters this hard market, you can assume your premium won’t be going down at all and in some cases, your record may clear up and you still end up paying more on renewal! 

This is by far the most common question we hear. Mississauga insurance, both home and auto has seen a large premium increase. In some cases, policy premiums jumped by 25%. Insurance companies all have answers as to why Canadian premiums are increasing ranging from higher labor costs to increases in car rental prices. 

Our answer is simply an opinion from what we see on a daily basis.

 We believe that the number one reason prices in Mississauga and the rest of the Greater Toronto Areas are so high is because of fraud. Both hard-fraud and soft-fraud. We see claims being inflated to unrealistic amounts. In order to reduce insurance premiums in Mississauga, claim amounts need to be reduced. If you witness any type of insurance fraud, please report it here.

The second reason for rising insurance premiums is cost to repair. Labor, parts and tools required to fix either a house or car have gone up dramatically in the last several years. A bumper is no longer a $600 fix, it now can cost many thousands of dollars to replace all sensors and specialty paint on your average private passenger vehicle. 

Following “Why is Mississauga Insurance so Expensive” comes the question of how to reduce it. 

There are many ways to keep your premiums as low as possible. 

First you must make a list of what coverage/endorsements you would like to have and what discounts you are eligible for. 

Once you have that list, you need to shop around. Check each insurance company’s offering for those same coverages and do a quick review of that insurance company’s claims process. 

Be sure to drive safely and avoid getting tickets.

It’s natural to get curious when your neighbor down the block shares that he/she pays $1000 less than you for auto insurance.

The truth is that it’s very difficult to compare insurance rates from one person to another. You may live on the exact same road in Mississauga and have totally different rates. Insurance companies use many individual factors as well as prior statistics to create your rate. For this reason, it’s best to contact your insurance broker and see if a different insurance company can offer a better rate. 

We get many clients calling us to get a quote because their previous insurance companies have increased their premiums by up to 100%.  This has been extremely common in Ontario over the last few years. Your premium increase can be a result of one of two things:

1. Your individual record. Did you recently have an at-fault accident? Did you get a ticket? Perhaps you were previously cancelled for non-payment. Any one of these issues will result in a significant premium increase on your insurance policy.

2. The current insurance market. 2018 and 2019 have been very difficult for insurance companies. As of today the entire P&C insurance industry is at a loss ratio of 104.5%. This means that every dollar an insured pays the company, a dollar and four cents is paid out in claims. This is unsustainable and the insurance companies were forced to increase premiums for everyone. 

Uber has become a very popular job as it offers both flexibility and a decent pay. Many people in Mississauga and the Greater Toronto Areas have turned to Uber but have not notified their insurers of this. This is incorrect and could be seen as commercial usage by the insurance company.

Many insurance companies do not allow uber on their policies even thou the commercial part is covered by Intact. It is always best to notify your insurance company of your Uber usage to make sure you are covered should anything happen.

Ambroziak & Rao Insurance Brokers deals with two major companies that do allow Uber usage at no extra cost. Feel free to get in touch. 

In 2019 and moving into 2020, insurance companies have really tightened up their underwriting. A non-pay cancellation has now become a very serious issue and unfortunately will make your insurance shopping difficult. Many insurance companies no longer accept any non-pay cancellations. If you have a clean record and this was the first time you missed your payments, it may be possible to get a policy. 

What should you do? You should get an insurance policy as quick as possible so that your gap in insurance is not too big. You should also pay off any outstanding balance you have to the insurance company so that they don’t send you off to collections. 

This is a common mistake many policy holders make. The most common example is a contractor who uses his pickup truck to go to clients homes and do work. 

The contractor may have a standard personal auto policy but this is not the correct policy for that case. He or she requires a commercial auto insurance policy rated for contractors. Your personal auto policy states that commercial usage is not allowed and claims may not be covered. 

Contrary to what many people think, commercial auto insurance can actually be much cheaper than personal auto insurance! 

If you use your vehicle for commercial use, you can get a quick quote here! 

If you are moving out of the Greater Toronto Areas, your auto insurance rates will likely go down. In some cases, it can drop by 50%. Some people may be tempted to simply tell the insurance company that their address is outside of the GTA but in reality, continue to live here. This is insurance fraud. Should the insurance company find this out, your policy can be cancelled for misrepresentation. If address fraud is discovered at the time of a claim, the insurance company can deny your claim and also cancel the policy for misrepresentation. This will make your next insurance policy extremely expensive. 

This is also a very tough question to answer. For the sake of simplicity, lets assume the question is asking if Mississauga insurance rates will drop on average (not accounting for individual rating factors). 

Sadly, I believe rates will not be dropping anytime soon and will continue to increase over the next 5 years. This is a result of a growing population in Mississauga and the increase in claims. Costs to rebuild houses and cars is increasing yearly which affects our insurance rates.