Bundling home and auto insurance remains one of the most effective ways for Ontario residents to save on their insurance premiums. With inflation and household expenses on the rise, combining your home and car insurance under one provider can help you save up to 20% annually. Learn how bundling works, when it’s worth it, and how much you can expect to save.
How Bundling Home and Auto Insurance in Ontario Can Save You Money
What is Bundled Insurance?
Bundling insurance means purchasing more than one insurance policy—typically home and auto—from the same provider. Other items, such as motorcycles, cottages, trailers, or boats, can also be included. Insurance companies often reward customers who consolidate policies with discounts, simplified billing, and better service.
How Much Can You Save with Multi-Line Policies?
In Ontario, the average annual cost of auto insurance (as of 2025) is:
- $760 for minimum coverage
- $2,120 for full coverage
- Average: $1,640
For home insurance, the 2025 average is:
- $1,250 annually
- Range: $700 – $2,200, depending on location, home value, and coverage needs
By bundling both, many Ontario households can save up to 20%—which could equal $576 or more annually, depending on your policies and provider.
Benefits of Bundling Insurance Policies
Here are the key advantages of bundling your home and auto insurance:
- Discounts of up to 15–20% on combined policies.
- Single deductible option for claims involving both home and auto.
- Streamlined billing with just one payment and renewal schedule.
- Improved customer service with a single provider.
- Fewer coverage gaps by consolidating policies.
- Early bundling options, even if renewal dates are different.
Understanding the Different Types of Discounts
In Canada, it is difficult to carry on with daily life without needing insurance. If you drive a car, you legally require car insurance. Mortgage lenders typically require you to have home insurance, as well. Most insurers provide multiple options for combining different types of insurance. Many start with bundling car and home policies. Over time, as your needs change, you have the option to make changes, such as:
Multi-Policy (Dual or Multi-Line) Discount
This type of discount is applied when you combine two or more types of policies, like home and auto. This typically results in the largest discount.
Multi-Vehicle Discount
A multi-vehicle discount is available when you insure two or more vehicles under the same policy or insurer. This is often capped around 10%, but varies by provider
Speak with one of our knowledgable isure brokers to understand the bundling rules specific to your insurer!
Is Bundling Always the Right Choice?
Not always. Bundling might not be ideal if:
- You already have great standalone deals with different insurers.
- You’d lose important endorsements or loyalty perks.
- The bundled price ends up being higher due to one policy costing significantly more.
Pro Tip: Have your broker compare side-by-side quotes before you bundle.
Can Renters Bundle Insurance in Ontario?
Absolutely! Even if you rent your home, you can still bundle a tenant insurance policy with your car insurance. This allows you to unlock multi-line discounts, as well as begin building insurance history. This helps you secure better rates in the future, as well as add protection for your personal belongings and liability as a tenant.
Tenant policies in Ontario are affordable, often starting around $20–30 per month.
Summary: Bundling Home and Auto Insurance
Is it Cheaper to Bundle Home and Auto Insurance in Ontario?
Yes, bundling can save Ontario residents up to 20% on premiums.
Can Renters or Tenants Bundle Insurance in Ontario?
Yes, tenants can bundle a renters insurance policy with auto insurance for a multi-line discount.
What is the Difference Between Multi-Policy and Multi-Vehicle Discounts?
Multi-policy discounts combine different types of insurance (like home and auto), while multi-vehicle discounts apply when you insure multiple vehicles.
Are There Cases Where Bundling Isn’t Beneficial?
Yes. If you already have highly discounted or specialized policies, bundling may not result in further savings.
Ready to Save? Get a Quote Today
Bundling your home and auto insurance in Ontario can unlock serious savings, simplify your life, and improve your coverage. Whether you’re a homeowner, condo owner, or renter, consider bundling to make your insurance work harder for you and reduce your financial stress. An isure insurance broker can help you compare top insurer quotes and customize a bundled policy that fits your needs while maximizing your eligible discounts.
Remember, it doesn’t hurt to get a quote; you have nothing to lose and money to gain!
Bundle All of Your Policies for Maximum Savings!
Speak with an isure broker to find out how.
While it’s often true that getting two or more policies Read more
You are not legally obligated to get tenant insurance however; Read more
If you have more than one vehicle in your household, Read more
