Insurance Broker Mississauga

Speak to a Mississauga insurance broker and get quotes from Canada's top insurance companies. Call (416) 803-2113

+ 0
+ 0
Happy Clients
+ 0
Insurance Companies
+ 0 %
Retention Rate

How We Get The Best Insurance Rates in Mississauga

Here are just three ways we can help you get the right insurance policy.


Multiple Companies

As insurance brokers, we have access to multiple insurance companies and find the best rates for you.



As experienced insurance brokers, we know the discounts that each insurance company offers.



Insurance isn’t just about price, as a broker, our goal is to get the best coverage and value.

A Discussion about the current Insurance Market in Mississauga

Insurance in Mississauga

cheapest auto insurance quotes

Mississauga is a wonderful place to live. With so many attractions such as Square One and Celebration Square, Mississauga is a top choice for many around Canada and the world to call home. Although there are many benefits to an increasing population, there are also a couple downsides. 

One of these downsides is the increased cost to insure your vehicles. Today I would like to discuss why rates have been increasing in Mississauga over the last few years and the steps you can take to keep your premium as low as possible. 

How do insurance companies create their rates?​

In order to understand why Mississauga and the Greater Toronto Areas are constantly having higher and higher insurance rates, we need to understand the basics of how auto insurance companies create their rates. 

Insurance companies create their rates by analyzing the amount of accidents that occur in a given postal code. If the company notices that a certain postal code is experiencing a lot of losses, they will increase their rates. If that area has less accidents, the company will decrease the premiums. Once the company has this data, they dig deeper into other factors such as age, gender and types of vehicle. If a company sees a high amount of losses for Honda Civics, they will increase rates for all Honda Civics. Obviously the rating algorithms are much more complex but hopefully you get the general idea: Insurers used statistics to create rates. 

Factors that affect your Mississauga insurance rate:

Below you will find some of the rating factors that insurance companies use to create your insurance rate. Some affect your rate more than others.

  • Your address
  • Years licensed 
  • Years insured
  • Prior tickets and accidents
  • Marital status
  • Vehicle type
  • The usage of your vehicle
  • Prior insurance cancellations
  • Coverage chosen (liability only vs. full coverage)
  • Your deductible 
Why are insurance rates in Mississauga so high?​

Over the last few years, Mississauga and the surrounding areas have seen a massive spike in losses. Auto, home and commercial insurance has seen a dramatic uptick in claims. Between 2017-2019, companies have been reporting underwriting claims ratios of over 100%. What does this mean?

If an insurance company reported a claims ratio of 105%, this would mean that each dollar that you paid them in premium, they had to pay out $1.05 in claims. This is called an underwriting loss. 

During previous years, if a company suffered bad year, they would offset their underwriting losses with interest earned on their investments from other sectors. Unfortunately, with interest rates at all time lows, insurance companies had a tough time recovering losses. So where does that leave us in 2020 and 2021? 

I don’t like being the bearer of bad news, but this means we can expect rate increases in the near future. 

How to get the best insurance rates in Mississauga?​

Just because rates in Mississauga and the GTA are rising, doesn’t mean that you need to pay an arm and a leg for your rates. I want to share a few tips on how to keep your rates in Mississauga as low as possible. 

1. Bundle your home + auto insurance

The most important and well known way to save money on your insurance rates happens to also be the simplest: Bundle your home and auto insurance together. Simply by adding your condo, home or tenant policy to your auto insurance, you can save between 15%-20% on your car insurance an addition 10%-20% on your property. 

Tip: If you have more than one vehicles, keep them all under one policy and avoid splitting them up unless absolutely necessary. Keeping your vehicles together can save you about 15% on your auto insurance per vehicle.

2. Check all your discounts

The second best way to keep rates as low as possible is to ensure all discounts are added. This is a little more difficult because each insurance company offers different discounts and to make matters more complicated, they also change the names of these discounts. This is where a broker can help, they will review your policy and ask the right questions to apply all possible discounts for you. 

3. Shop around

Shopping around is the most effective way to keep your insurance rates low. Companies change up their rates every few years which means your current insurance company may have been the best 4 years ago but today is on the higher side.

Shopping around sounds simple but can leave even the most experienced of shoppers exhausted. Shopping for insurance is simple but time consuming and tedious for the average client. You will have several options to shop for insurance rates: 

1. Direct Writers- These are insurance companies that you likely see advertising on the radio and TV. They are call center companies and do a lot of their business online. You input all your information into their systems and they generate a quote based on your requests. To shop properly with direct writers, be sure to understand the product you are purchasing very well. Be sure to ask for all correct endorsements so that you are covered on all fronts. 

2. Agent Companies- These are companies who have agents working for them. Agents are different from insurance brokers as they are only able to quote you with the one insurance company they work for. You are also able to get quotes online with agent companies but you have the bonus of an agent recommending certain coverage or discounts which can benefit you. They will also review your applications and ensure everything is correct. (Companies are known to check applications and should something not match up, will have the grounds to cancel your policy for misrepresentation or deny a claim).

3. Insurance Broker- An insurance broker is specifically licensed and trained on all insurance products as they deal with many insurance carriers. An insurance broker will be able to shop yearly for you as they will have your information stored on their system and can easily check the companies they are contracted with. Insurance brokers will also recommend certain coverage you may be eligible for and apply all discounts in each insurance company. Clients enjoy broker services for their customer service. You are paired up with one representative and communicate directly with your broker. Insurance brokers are also licensed to offer more products such as life & health insurance as well as commercial auto/ liability coverage. 

Finding a Mississauga insurance broker

The best way to find a reputable insurance broker is by asking around! Talk to your friends, family and co-workers and ask who they are with. If you prefer doing your own research, simply google: Insurance broker Mississauga and see what you find! 

If you have any questions about insurance, would like a quote or simply want to chat, call or text me anytime at (416) 803-2113. We are located in the heart of Mississauga.

Happy insurance hunting and wishing everyone a good shopping experience! 

A few extra benefits of working with Filip Ambroziak

Benefits of Working With an Insurance Broker

Filip Ambroziak was born and raised in Mississauga and has been insuring the residents of Mississauga since the start of his career. As a RIBO (Registered Insurance Brokers of Ontario) and LLQP (Life License Qualification Program) licensed insurance broker, Filip can offer auto, home, commercial, travel and life insurance products. Call Filip at (416) 803-2113 or email him at Conveniently located at the heart of Mississauga at Dundas and Confederation Parkway. 

Mississauga Insurance Online.

That’s right, you don’t ever have to leave your home! Quotes, applications and policies all done online through a broker. 

online insurance brokers

Several insurance policies through one professional

A major benefit of working with an insurance broker is the ability to have several insurance policies through different insurance companies handled by one insurance representative.

Why we are the best!

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). 

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 Drive, 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

Request an Insurance Quote


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 you 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.