Unfortunately, there’s no single answer to this question — there are too many variables at play to make any single insurer the best or most affordable option for every homeowner or driver in Canada. What we can tell you is that comparing multiple bundled quotes can help you narrow down the best fit for your home and vehicle. 

Higher deductibles can lower your insurance premiums; lower deductibles can raise them. A $500 deductible could make filing an insurance claim more affordable, since you’ll only be responsible for $500 of the covered damage, but you’ll pay a higher rate for coverage. In general, deductibles between $250 and $1,000 are common for auto insurance, while a $1,000 deductible or higher is more common for home insurance policies. 

Most Canadian insurers offer bundle discounts between 10% and 20% on each policy, though exact savings vary by insurer and customer profile.

To get accurate online quotes for car and home insurance, make sure that you’re requesting quotes from a licensed insurance broker, agent, or provider. Requesting quotes directly from providers ensures accuracy, but it can be a more time-consuming process. Brokers like PolicyMe deliver accurate quotes from multiple insurers at once. 

Avoid insurance comparison websites that don’t have a valid license; these are typically lead generation sites designed to capture and sell your personal information. 

PolicyMe only offers bundled home and auto insurance quotes, but some insurers offer bundles if you buy home and life insurance, car and renters/tenant insurance, or other combinations of different types of coverage. You can also purchase life, health, and critical illness insurance directly from PolicyMe while shopping for home and auto insurance.