Find the best home and auto insurance bundles in Ontario

The best home and auto insurance bundles for homeowners in Ontario

The best home and auto insurance bundles in Ontario come from providers like Desjardins and Aviva. The right choice for you depends on whether you’re prioritizing price, coverage, or customer service.

Almost every property and casualty insurer in Ontario offers a discount to customers who purchase both home insurance and car insurance. But the size of those discounts and how they’re applied to each coverage can vary significantly. 

We compared real quotes across major Ontario providers and analyzed advertised bundling discounts to find the best bundled insurance options for different homeowners.

Best overall value: Aviva

Why it wins: Aviva offers generous bundling discounts for both home and auto insurance rather than favoring one type of coverage over the other. The result delivered the greatest overall price reduction (13.3% across both policies) of any carrier we examined. 

Discount range: 15–20%

Best for: Homeowners in search of maximum savings without compromising on coverage 

Things to consider: Aviva’s starting rates are near the middle of the pack, so you may want to compare some alternatives if you’re working on a tight budget with a low bottom line. 

Best for maximum bundle discount: Desjardins

Why it wins: Desjardins offer the maximum possible total bundling discount of any leading insurer in Canada with a possible 10% off car insurance and 35% off home insurance. 

Discount range: 10–35%

Best for: Homeowners with standard vehicles in search of custom coverage with strong savings for home insurance 

Things to consider: Auto insurance premiums are usually higher than home insurance premiums, and Desjardins offers a much smaller bundling discount for car insurance than for home insurance. 

Best for balanced home and auto pricing: Co-operators

Why it wins: Co-operators is the only insurer in our analysis to offer identical bundling discounts from home and auto. It also delivered the highest per-month savings in our analysis ($71/month). 

Discount range: Up to 15% for both home and auto

Best for: Homeowners seeking equal savings for both home and auto insurance 

Things to consider: Co-operators is a mutual insurance company and focuses on local advisors and member support, so it might not be the best fit if you prefer a digital-first insurance experience. 

Best for strong auto savings: Belairdirect

Why it wins: Most home and auto bundles give the bigger discount to home insurance (the cheaper product overall). Belairdirect has the largest potential auto insurance bundling discount of any major carrier on the market. 

Discount range: 16–20%

Best for: Homeowners with high auto insurance rates 

Things to consider: Belairdirect’s parent company, Intact, also offers competitive bundling discounts for auto. Consider comparing rates from both to find the best fit. 

Best for customizable coverage: Square One

Why it wins: Square One’s bundling discount is the smallest on our list. We’re still ranking it among the best bundles for one simple reason: Square One’s highly customizable policy builder gives you better control over both coverage and pricing than nearly any other carrier on the market. 

Discount range: 0–5%

Best for: Young homeowners who want maximum control over coverage and pricing 

Things to consider: If you’re primarily bundling insurance in order to earn a discount, this might not be the best fit. 

How much can you save by bundling home and auto?

Bundling discounts range from as little as 5% off your premium to 30% or more. Discounts in the 10–20% range are the most common. 

Bundling doesn’t always produce huge savings, but it can give you more coverage options. In our analysis, bundling reduced premiums by up to $71 per month depending on the insurer. It narrowed the gap between providers, making several higher-priced insurers more competitive.

Bundling in action: A real Ontario example

To see how bundling actually affects pricing, we compared real home and auto quotes for a typical Ontario household: a couple in their 40s with a detached home and two vehicles in London, Ontario.

First, we looked at the cost of buying home and auto insurance separately:

By mixing and matching the most affordable options, the lowest combined price came to $381 per month. 

Next, we compared bundled quotes from the same insurers:

The lowest-priced bundle came in at $364, about $17 less than purchasing policies separately. And while at first glance, saving $17 per month might not seem like a big win, there’s more to it than that. 

Bundling lowered prices across the board and narrowed the gap between the most affordable and most expensive options. That means that you’re not locked into a single provider based solely on cost, and you have the flexibility to:

• Consider different insurers
• Choose better coverage
• Prioritize customer service, reputation, or convenience

And that $17/month savings will add up, too; over the course of a standard 25-year mortgage, our London couple could save over $5,000 on home insurance simply by going with a bundle.

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How home and auto insurance bundles work

“Bundling” home and auto insurance is an industry term for purchasing homeowners and personal auto insurance policies from the same insurer. You can bundle auto and tenant insurance, car and condo insurance, or even property and life insurance, but home and auto bundles are the most common option. 

Why bundling make sense for homeowners

For homeowners, bundled coverage is one of the easiest ways to reduce insurance costs overall. As property insurance rates rise in Ontario, bundling discounts may become a more essential savings strategy. 

Is it ever a bad idea to bundle home and auto insurance?

Bundling home and auto insurance almost always saves money while reducing hassle, but there are a few situations where keeping your policies separate could benefit you in the long run.

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• If you don’t qualify for a bundle right away. Some carriers may require you to maintain one policy with them for 12 months before you’re eligible for a bundled rate. If another carrier offers a cheaper premium for your second policy, you’re better off paying the lower rate until you’re eligible for a bundle with your primary carrier.
• If you’re eligible for mismatched discounts. Auto and home insurance discounts aren’t always equally matched. Let’s say your auto insurance carrier offers an incredible discount for drivers who sign up for their usage-based insurance (UBI) program, but their home insurance rates aren’t great and their bundling discount isn’t the best. But switching to a carrier with cheaper home insurance prices and powerful home discounts would mean losing your UBI discount, which could shake out to minimal savings or even added costs.
• If switching would reset your claim-free status. Most home and auto insurance companies offer discounts to policyholders who remain claims-free for a certain number of years. In some cases, switching insurance companies could restart the clock on your claims-free discount, meaning your rate could actually go up.

FAQ: Best home and auto insurance in Ontario

This article is for general information only and is not insurance or legal advice. Examples and any sample quotes or rate ranges are illustrative and do not constitute an offer or guarantee of coverage, price, or eligibility. Actual coverage, discounts, and premiums depend on your individual circumstances and the insurer provider; if there is any discrepancy, your policy and insurer documentation govern. For advice about your situation, speak with one of our licensed insurance professionals.