Updated: April 2025  |  bremo.io financial guides

Canada Insurance Bundling: Save Money on Home and Auto

Insurance bundling — purchasing multiple policies (typically home and auto) from the same insurer — is one of the easiest ways to reduce your annual insurance costs in Canada. Multi-policy discounts of 10–20% are standard across the industry. This guide explains how bundling works, how much you can save, and when it makes sense to unbundle.

What Is Insurance Bundling?

Bundling means placing two or more insurance policies with the same insurer to receive a discount. The most common bundle is home (or condo or renters) and auto insurance. Some insurers extend discounts to life insurance, recreational vehicles, or vacation property added to the bundle. The discount is typically applied to both policies, not just one.

How Much Can You Save by Bundling?

Multi-policy discounts in Canada typically range from 10–20% depending on the insurer. For a household spending $2,000/year on home and $1,800/year on auto, a 15% discount saves $570/year. Over 10 years, that's $5,700 in savings just from bundling. The savings are consistent and recur annually as long as both policies remain active.

Which Insurers Offer the Best Bundle Discounts?

All major Canadian insurers offer multi-policy discounts. Intact Insurance, Aviva, Wawanesa, TD Insurance, and Belairdirect are among the larger providers with competitive bundle pricing. Credit union insurance divisions (like Intact's distribution through credit unions) sometimes offer additional member discounts on top of the bundle discount. Compare total bundled costs rather than discounts in isolation.

When Bundling Might Not Be the Best Choice

Despite the discount, bundling isn't always optimal:

• If one insurer is much better at pricing your home but another is much better at auto, unbundling and taking the best price for each might save more than the bundle discount
• Specialty needs (classic cars, high-value homes) may be better served by specialty insurers that don't bundle
• Rural properties with unique coverage needs may find no single insurer covers everything well

How to Evaluate a Bundle

Get bundled quotes and separate quotes. Calculate: (bundled home + bundled auto) versus (best standalone home + best standalone auto). If the bundle saves money or is roughly equivalent, bundle for the added convenience of one insurer. If standalone pricing is significantly cheaper even after losing the discount, consider separate insurers.