MADE FOR THE MODERN DAY DRIVER
Coverage that gives you the protection you deserve.
As you drive your vehicle, it will depreciate in value, and that’s what traditional insurance coverage counts on. Typically if your vehicle is written off, you will only receive the current market value from your primary insurer, not the original vehicle value when it was purchased.
Request a no-obligation quote, or quickly find a broker near you.
WHERE STANDARD INSURANCE FALLS SHORT
Your insurer pays what your vehicle is worth today — not what you paid for it.
Typically if your vehicle is written off, you will only receive the current market value from your primary insurer, not the original vehicle value when it was purchased. The amount you receive from your primary insurer may not be enough to pay out any remaining loan on the vehicle, which could also leave you unable to purchase a replacement vehicle.
Optiom takes care of what your primary insurance coverage leaves behind. Our products provide superior total loss coverage for new, used and leased vehicles.
HOW IT WORKS
We simplify insurance and make the lives of Canadian drivers easier.
Optiom provides comprehensive vehicle replacement protection whether you purchase or lease a new or used vehicle.
Typically if your vehicle is written off, you will only receive the current market value from your primary insurer, not the original vehicle value when it was purchased.
Optiom takes care of what your primary insurance coverage leaves behind. Our products provide superior total loss coverage for new, used and leased vehicles.
It also contributes towards any outstanding loan/lease obligations in the event the vehicle is a total loss and written off by the primary auto insurer.
What's Covered
Coverage your primary insurance leaves behind.
Protect Your Investment
Vehicles depreciate at an alarming rate. On average, within the first four years of owning a vehicle, it can lose up to half its value. Protect your investment with Optiom.
New & New-To-You
Who qualifies? Our products can be applied to new and used vehicles, up to 10 model years old and can be purchased at any time.
Vehicle Value Appreciation
For your used vehicle, Optiom will escalate your vehicle's locked-in value by 5% per year in the event of a total loss.
Partial Loss OEM Coverage
If your vehicle can be repaired and damages are covered by your primary insurance, Optiom supplements the cost of specified new OEM replacement parts.
Deductible Reimbursement
With Optiom, you will be reimbursed up to $500 for your primary insurance deductible in the event of a total loss or partial losses as well.
Rental Reimbursement
If your primary insurance rental coverage ends before your vehicle is repaired or replaced, Optiom reimburses the continued rental costs subject to the policy limits.
Diminished Vehicle Value
Recuperate some of the lost value of your car if you suffer a no-fault repairable loss.
Total Loss Limited Indemnity
Optiom Prime offers a fixed payout based on your vehicle's value at policy inception if it's deemed a total loss by your primary insurer.*Available in Alberta and Ontario.
Optiom takes care of what your primary insurance coverage leaves behind — Total Loss Deductible Reimbursement, Partial Loss OEM Benefit, Vehicle Value Appreciation Benefit, Partial Loss Deductible Reimbursement, Key FOB Reimbursement, Extended Rental Vehicle Reimbursement, Diminished Vehicle Value Benefit and more.
WHO QUALIFIES
New Vehicles are eligible for up to 7 years of coverage, and up to 5 years of coverage on Used Vehicles.
Flexible Payment Options
Pay monthly with Bamboo Premium Financing
Don’t want to pay your Optiom policy up front? You don’t have to. Through our partnership with Bamboo Premium Financing, you can spread the cost of your coverage into affordable monthly payments, with fast approvals, fair rates, and a friendly Canadian team behind every application.
Financing is provided by Bamboo Premium Financing Inc. Approval, terms and rates are determined by Bamboo and are subject to credit review.
MADE FOR THE MODERN DAY DRIVER
Personal Auto Benefits
Learn More →Commercial Auto Benefits
Learn More →Vehicle Replacement Insurance, Powered by Optiom
More than a policy. It's peace of mind.
If your vehicle is written off, Optiom pays the difference between your vehicle’s fair market value and a brand-new replacement, so you're not left short.
Get A Free QuoteQuestions? 1-844-427-7587 | clientcare@optiom.com
Vehicle Replacement Insurance is administered by Optiom Inc. and underwritten by a licensed Canadian insurer. Coverage subject to policy terms and conditions. Available across Canada (except Quebec).
