Founded in 1871 in the community of Berlin (now Kitchener), Ontario, the Economical Insurance company currently serves more than one million Canadians. Economical prides itself on investing in innovation and its commitment to customer service. Economical had 5.9 per cent of the total insurance market share in 2018 in the province of Ontario.
Economical Insurance is owned by the Canadian Property & Casualty Insurance Company. The company owns multiple subsidiaries, including Economical Insurance, Perth Insurance Company, Western General Insurance, Waterloo Insurance Company, The Missisquoi Insurance Company, and Federation Insurance Company of Canada.