Launched in the Canadian market in 2017, Onlia Insurance offers customers coverage for their automobiles and homes (including condo and renters insurance) on a modern, flexible basis.
|Employees||< 50 (2020)|
|Insurance Products||Home & Auto Insurance|
|Provinces Licensed||AB, BC, MB, NB, NL, NWT, NS, NU, ON, PEI, QC, SK, YT|
|Parent||Achmea Canada Holding Inc. & Fairfax Financial Holdings Ltd.|
Based in Toronto, Ontario, Onlia is a fully digital insurance company that claims to be bringing the industry into the 21st century with flexible coverage and quick, all-online quotes. Onlia offers a home and auto policies to customers across Canada.
Although the company is relatively new, Onlia the brainchild of some established names in the industry. It’s a joint venture of Fairfax Financial Holdings Limited and Achmea Canada Holding Inc., a subsidiary of the Netherlands’ largest insurance group.
When they purchase a policy online, customers of Onlia Insurance can expect:
Because Onlia Insurance is a digital insurer, the company doesn’t use brokers. Instead, according to Onlia, it makes it as easy as possible for customers to manage their own policies and make adjustments to their coverage as they see fit.
Onlia Insurance limits itself to covering only homes and automobiles, but offers a fairly wide range of coverage options within these two product areas. The company claims to take a more modern approach to the industry with a “prevention first” model — encouraging and incentivizing safe behavior rather than reacting to accidents and injuries.
Onlia’s policyholders generally enjoy the following benefits from working with the company:
Onlia Insurance customers can get a quote for their home, their car, or both, just by answering a 10-minute survey on the company’s website. Onlia claims that the questionnaire collects comprehensive data so that the policy quoted reflects a prospective policyholder’s unique risk areas. Here’s a breakdown of the Onlia Insurance coverage areas.
Onlia’s home insurance coverage areas fall under the following categories:
The company also offers coverage for condo owners and renters.
Onlia Insurance offers several discounts for people who purchase home insurance from them, and if the policyholder is eligible, discounts are applied to their quote automatically. These include:
Onlia’s auto insurance policies offer the following coverage:
Safe driving telematics aren’t anything new, but Onlia’s safe driving app is designed to engage more than most comparable programs. Not only is it open to all — not solely Onlia customers — it offers fun challenges like merit badges and safe driving achievements, as well as the chance to win prizes like gift card and policy discounts.
Onlia Sense also provides drivers with a safe driving “coach”, which updates their performance in real time in areas like acceleration, braking, and cornering, which contribute to an overall “trip score”, which allows for people to understand where they need to improve on the road as well as for parents to monitor their children’s driving habits.
Onlia offers roadside assistance at flat rates. All prices are set up front and transparent, except for towing, which is priced at a flat rate per mile after a certain trip distance:
Like with their home policies, Onlia offers discounts to auto policyholders that automatically apply to their quote when they meet the criteria. The discounts offered on auto insurance policies include: