Select all insurance types you currently have.
That's $4,200 per year across all your policies.
Potential Annual Savings
$1,764 - $2,100
per year
Current Annual
$4,200
Could Be
$2,436
7 Savings Opportunities Found
Here are your recommended actions, ordered by estimated impact:
Bundling your 2 policies with one insurer typically saves 15-25%. This is the single biggest way most Canadians save on insurance.
Estimated savings: 15-25% of applicable premium
Independent brokers compare rates from multiple insurers. On average, broker clients pay 5-15% less than those who go direct to a single company.
Estimated savings: 5-15% of applicable premium
Raising your deductible from $500 to $1,000 or $2,500 reduces premiums significantly. Make sure you can afford the higher deductible if you need to claim.
Estimated savings: 10-20% of applicable premium
A monitored alarm system or smart home security can qualify you for 5-15% off your home or tenant insurance. ULC-listed systems get the best discounts.
Estimated savings: 5-15% of applicable premium
Installing winter tires qualifies you for a discount in Ontario (mandatory) and optional in other provinces. The savings apply to your auto premium.
Estimated savings: 3-5% of applicable premium
Many insurers offer increasing discounts for each year you go without filing a claim. After 3-5 claim-free years, this can add up to significant savings.
Estimated savings: 5-15% of applicable premium
Paying your annual premium in full (instead of monthly installments) often saves 3-8% because insurers avoid billing and financing costs.
Estimated savings: 3-8% of applicable premium
A licensed broker can implement all these savings strategies and find you the best rates from multiple insurers. Find brokers in Ontario today.
Disclaimer
Savings estimates are based on industry averages and may not reflect your exact situation. Actual savings depend on your specific insurer, coverage details, claims history, and eligibility for individual discounts. Not all savings strategies can be combined. Contact a licensed broker for personalized savings recommendations.
Bundling (combining two or more policies with one insurer) typically saves 15-25% on your total premiums. The most common bundle is auto + home insurance. Some insurers also offer discounts when you add tenant, life, or umbrella coverage to the bundle.
In most cases, yes. Brokers represent 10-40+ insurance companies and can comparison-shop on your behalf. They often find lower rates, identify discounts you might miss, and provide personalized advice. Their service is free to you, as they are paid commissions by the insurer.
Most discounts can be combined, but there is typically a cap on total discounts (usually 40-50% maximum). The best approach is to work with a broker who can optimize which combination of discounts gives you the best overall rate.
At minimum, review your coverage annually at renewal time. Also review when you have a life change (marriage, home purchase, new car, retirement). Insurance rates change frequently, and what was the best deal last year may not be this year.
Not if done properly. A good broker ensures there are no gaps in coverage during the switch. Make sure your new policy starts before the old one ends, and verify the coverage limits and endorsements match or exceed what you had before.