Benefits of Bundling Your Home and Auto Insurance in Ontario
From car insurance to life insurance and everything in between, most people will have numerous insurance policies throughout their life and potentially with different insurance providers. When buying insurance it is important to ensure that you are receiving the best coverage for your unique needs. One common, easy, and cost saving way to do this is through bundling your car insurance and home insurance policies.
What Is An Insurance Bundle?
An insurance bundle is when you combine various insurance policies under one policy through one insurance company. The most common insurance bundle in Ontario is Home and Auto insurance.
By purchasing separate policies from different providers you may be paying higher premiums and not receiving the coverage you need in comparison to bundling under one provider. Aside from saving on premiums there are many examples of why you should bundle your insurance.
Why Bundle Home and Auto Insurance?
Combining home and auto insurance has various benefits for the purchaser, but the most common benefits of bundling home and car insurance are:
Paying lower premiums.
Saving time by dealing with only one provider.
Receiving better coverage on your policies.
Paying a single deductible.
Easily identifying coverage gaps.
Aligning your renewal periods.
As a driver in Ontario it is required by law to insure your vehicle and as a homeowner most mortgage lenders will require you to have home insurance. Having homeowners insurance and car insurance in Ontario is important and you should ensure you get the best policy for your needs and lifestyle.
What Other Insurance Policies Can Be Bundled?
Even though home and car insurance is the most popular bundle, as a resident in Ontario you can also bundle Boat, Classic Car, Tenant, and Life Insurance depending on the insurance provider. When bundling your policies under one provider, you will most likely receive a discount - referred to as a multi-line discount.
How to Get a Quote for Home and Auto Bundle Insurance?
When purchasing a bundle policy make sure to do your research, compare prices, coverages, and contact an insurance broker to provide assistance in getting the insurance you truly need.
The easiest and best way to receive a quote for bundling your home and auto insurance (and more) is to contact one of our expert brokers or call us at 1-888-384-4444 .