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.

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WHERE STANDARD INSURANCE FALLS SHORT

40% of all drivers are left owing on a vehicle that has been written off.

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.

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HOW IT WORKS

We simplify insurance and make the lives of Canadian drivers easier.

1
Coverage begins

Optiom provides comprehensive vehicle replacement protection whether you purchase or lease a new or used vehicle.

2
Your vehicle is written off

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.

3
Optiom fills what your primary coverage leaves behind

Optiom takes care of what your primary insurance coverage leaves behind. Our products provide superior total loss coverage for new, used and leased vehicles.

4
You're back on the road

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

Optiom takes care of what your primary insurance coverage leaves behind.

Some of the enhanced benefits provided are 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.

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.

WHO QUALIFIES

New Vehicles are eligible for up to 7 years of coverage, and up to 5 years of coverage on Used Vehicles.

  • Optiom provides comprehensive vehicle replacement protection whether you purchase or lease a new or used vehicle.
  • Our products can be applied to new and used vehicles, up to 10 model years old and can be purchased at any time.
  • Every qualified driver is eligible for coverage irrespective of age, driving history, or being new to Canada.
  • New Vehicles are eligible for up to 7 years of coverage, and up to 5 years of coverage on Used Vehicles.
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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.

  • Fast approvals so your coverage starts without delay
  • Affordable interest rates built for the Canadian market

  • Manageable monthly payments with no lump sum required

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

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Commercial Auto Benefits

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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 primary auto insurer's depreciated payout and a brand-new replacement, so you're not left thousands short.

Get A Free Quote
No obligationLicensed Canadian brokerNo pressure.

Questions? 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).