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Updated
Bundling is an insurance industry term for opting to have each of your policies held by a single provider. It results in a discount of 5-15%, depending on the insurance company. It’s the most significant savings available.
Policies that are most often bundled include home and auto insurance. However, condo owners and renters are also eligible for savings when they bundle their home and auto insurance coverage.
You can also bundle the following insurance policies in Canada:
Aside from savings, bundling is also advantageous because:
To find out how much you can save, use our online tool to compare quotes for policies with home and auto insurance bundled. It takes less than three minutes and is free.
Ready to compare quotes and save?
Begin a car insurance quote. When you get to the discounts section, check “yes” if you’re interested in bundling.
See quotes from multiple insurance companies side by side.
Find the right protection for your vehicle and your home.
Connect with the provider and secure your rate.
Based on data from our Auto and Home Insuramap tools, we’ve put together the example, below, highlighting how significant the savings from bundling auto and home insurance policies can be.
In 2023, the estimated average Ontario auto insurance premium was $1,744.
The average home insurance premium in Ontario in 2022 was $1,487.
In a scenario where the policies are bundled and a 15% bundling discount is applied, the total cost is $2,747. This reflects savings of $484 annually.
A multi-line discount is another way of saying bundling. Both terms refer to the discount you receive when you buy multiple different insurance policies, such as auto and home, from the same provider.
If there is an incident in which your home and car are both damaged, (for example, you reverse into your driveway, and your rear bumper hits your house), a bundled home and auto policy means you may only have to file one claim and may only have to pay one deductible.
Without bundling, you would have to file separate claims for home and auto, recounting the event for each insurer, and paying separate deductibles. Considering how much you can shave off your costs when you bundle your home and auto insurance, comparison shopping for the best policy is worth your while
It’s simple and fast. When you get a free car insurance quote on RATESDOTCA, you will be asked if you want to move your home insurance to the same company for a discount. Select “yes”. Once you receive a quote for the best policy with a home and auto insurance bundle, we’ll connect you with the insurance provider, who will ask a few more questions about your home, your car and your insurance history.
After using our free, online tool to get a home insurance quote, speak with a broker to find out more about how to save by bundling the new policy with any existing auto insurance policy.
We recommend bundling to most consumers; however, it may not be advantageous for those in unique circumstances. For example, if your home is not insurable, there’s no benefit to bundling it with auto insurance. Similarly, if you’ve been deemed a high-risk driver, you may only be able to get auto insurance coverage from a specialty provider which is unlikely to also provide home insurance coverage.
Bundling your home, condo or tenant insurance with your car insurance could save you hundreds of dollars each year.
Use RATESDOTCA to find a better rate. Compare quotes for insurance bundles today.
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Shivani Kaul is a communications professional specializing in editing, writing, and content strategy, with a particular focus on personal finance and mortgages. Her expertise stems from a strong educational background and diverse international experience.Academically, Shivani holds a Digital Marketing Management certificate from the University of Toronto, a Business Communications certificate from the University of British Columbia, a Master's degree in Mass Communication from Symbiosis Institute of Media and Communications, and a Bachelor's degree in English from the University of Delhi.
Her professional journey is marked by significant roles in prestigious media organizations across multiple countries. She has previously worked as an editor at PMNA/The Canadian Press for The Globe and Mail, Toronto Star, and freelance writer for the Investor's Digest of Canada. Additionally, Shivani has contributed her skills to reputed news media groups in India and the Middle East. Her expertise in SEO ensures that the content she produces not only engages readers but also achieves optimal visibility in digital spaces.
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