MEDIA RELEASE: CAA Insurance Company Named Best Homeowners and Auto Insurance Provider in Canada by Forbes Magazine

Forbes Magazine has announced that CAA Insurance Company has been designated Canada's best homeowners and auto insurance provider in its second annual list of the 2024 World's Best Auto Insurance Companies.

"Being recognized by Forbes is an honor that reflects the dedication and hard work of all our Associates," says Matthew Turack, president, CAA Insurance Company. "Most importantly, this recognition is a testament to the trust and loyalty of our customers, who inspire us to continually strive for excellence."

To create the list, Forbes partnered with the market research firm Statista and surveyed more than 45,000 people in 15 countries between late January and mid-March. Respondents who held home and auto insurance policies within the past three years were asked to evaluate various criteria, including advice offered by employees, customer service, price performance, transparency, and damage service. CAA Insurance emerged as the top performer in both categories.

“The success and growth of CAA Insurance is rooted in knowing that by doing the right thing, the business will follow,” adds Turack. “At our core, we are dedicated to Member and customer safety and our values of innovation, collaboration, being care-driven, and leading by example.”

This year also marks the company’s 50th anniversary. Established in 1974, CAA Insurance has continually evolved its products and programs to suit individual lifestyles and life stages.

In 2018, the introduction of CAA MyPace revolutionized the auto insurance industry in Canada, offering the country's first and only pay-as-you-go auto insurance program. This innovative approach expanded in 2019 to Prince Edward Island, Nova Scotia, and New Brunswick.

In addition to pioneering new insurance models, CAA Insurance has been at the forefront of industry advancements. In 2011, it became the first insurer in Ontario to introduce a winter tire discount, promoting safer driving practices and rewarding responsible policyholders.

CAA Insurance offers auto and home insurance in New Brunswick, Nova Scotia, Prince Edward Island, Ontario, Manitoba and Saskatchewan. All CAA Insurance agents and brokers are licensed through each province's regulatory bodies, ensuring compliance and professionalism.