Insurance premiums in Ontario have been climbing steadily. If you're like most families in the province, you're looking for ways to protect what matters without breaking the bank. The good news? Bundling home and auto insurance remains one of the most effective strategies to save money in 2026, and it's more flexible than ever before.
Whether you're a homeowner in Hamilton, a condo owner in Burlington, or renting in St. Catharines, understanding how insurance bundling works can put hundreds (even over a thousand dollars) back in your pocket annually. At Morison Insurance, we help Ontario families navigate these savings opportunities by comparing rates across top Canadian insurance companies, including Intact, Aviva, Pembridge, Heartland, and Travelers, to find the bundle that truly works for your situation.
Let's break down:
Insurance bundling is straightforward: it means purchasing two or more types of insurance policies from the same provider. Most commonly, this involves combining your home insurance with your car insurance, though you can bundle other combinations too.
Here's what makes bundling attractive: insurance providers reward you with multi-policy discounts because you're bringing them more business. It's a win-win. You get better rates and simplified policy management, while they secure a loyal, multi-product customer.
An important distinction: When you work with an insurance broker like Morison, you get access to bundled options across multiple insurers, not just one. This means we can compare bundled rates from over 25 insurance carriers to ensure you're getting the best possible combination of coverage and value.
Regardless of your living situation, there's likely a bundle option that suits your needs.
Beyond the cost savings, bundling home and auto insurance offers several practical advantages that make managing your insurance more straightforward and less stressful.
The headline benefit is clear: you'll save money. Multi-policy discounts typically range from 5% to 25%, depending on the insurer and your personal profile. In Ontario, policyholders save an average of $400 to $600 annually when they bundle their home and auto insurance, with some seeing even higher savings depending on their coverage needs and the insurers they choose.
Additional financial perks include:
Life gets busy. Bundling simplifies your insurance in ways that save you time and mental energy:
Insurance providers value loyalty, and bundling can unlock perks like:
These terms are often confused, but they refer to different types of savings:
|
Type |
Applies To |
Example |
Typical Savings |
|
Multi-Policy |
Combining different types of insurance (home + auto, condo + auto) |
Home + Car |
10%–25% |
|
Multi-Vehicle |
Adding multiple vehicles to the same auto policy |
Two family cars |
5%–15% |
The best news? You can often combine both discounts for even greater savings. For example, a family with two cars and a home could benefit from both the multi-policy discount for bundling home and auto insurance as well as the multi-vehicle discount for insuring both cars on the same policy.
A Morison Insurance broker can help you identify which discount combinations apply best to your household's unique situation.
Absolutely! If you're renting, you can still take advantage of bundling by combining tenant insurance with your auto insurance.
Here's an example: Let's say your tenant insurance costs approximately $300 per year, and your auto insurance runs around $1,400 annually. Without bundling, you'd pay a total of $1,700. With a typical bundle discount of 15%, you could reduce your combined premium to roughly $1,445, saving you $255 per year. (Note: These are approximate figures for illustration purposes; actual savings will vary based on your specific profile and insurer.)
Morison helps renters secure competitive bundled pricing with full protection for both their belongings and their vehicles, proving that you don't need to own a home to benefit from smart insurance bundling.
We believe in transparency, and the truth is that bundling isn't always the optimal solution for everyone. Here are scenarios where separate policies might actually serve you better:
This is where working with a broker like Morison makes all the difference. We compare both bundled and separate quotes to ensure you're truly getting the best value, not just assuming the bundle is cheaper.
Now for the question on everyone's mind: what are the real numbers?
The answer depends on several factors including your insurer, coverage levels, location, claims history, driving record, and more. However, industry data gives us a clear picture of what Ontario residents are saving right now.
General savings range: When you bundle home and auto insurance, most Ontario residents can expect bundle discounts between 5%-25%, depending on the insurer and their personal insurance profile.
Let's provide some context with some real-world scenarios:
Scenario 1: Typical Ontario Homeowner
Scenario 2: Family with Multiple Vehicles
Based on recent data, here's what some leading insurers are advertising for bundle savings:
Important disclaimer: Actual savings depend on your personal profile, coverage limits, location within Ontario, and the specific insurer. The figures above represent maximum potential savings or averages and may not reflect your individual situation. To receive an accurate bundled home and auto insurance quote, speak to a Morison Insurance broker.
Several elements determine how much you'll actually save:
The takeaway? The only way to know your exact savings is to get a personalized quote. Morison Insurance brokers specialize in running these comparisons across multiple top insurers to calculate precisely how much you could save with the right bundle.
This is where the broker advantage becomes clear. Unlike going directly to a single insurer, working with Morison means you're not locked into one company's rates or bundle options.
Here's what sets us apart:
Ready to find out how much you could save? Contact us or learn more about our approach.
Often yes, but not always. The bundle discount depends on your insurer and personal profile. Sometimes, especially with unique coverage needs, separate policies from different insurers might offer better overall value. That's why comparing both options is essential.
Insurers base bundle discounts on several factors, including your risk profile, coverage levels, claims history, loyalty status, and competitive market positioning. Each insurer uses its own formula, which is why rates can vary significantly between providers.
Yes! You can also bundle condo insurance, tenant insurance, motorcycle insurance, travel trailer insurance, or even business insurance with your auto policy. The more policies you combine with a single insurer, the more you may save. It is always important to compare to ensure the bundle is truly your best option.
You'll lose the bundle discount with your previous provider, but Morison helps you transfer to comparable or even better savings with a new insurer. We ensure a seamless transition and that you're not leaving money on the table.
Most clients can transition within days. Morison handles the entire process end-to-end, coordinating with your current and new insurers to ensure there's no gap in coverage. We time the switch to align with your renewal dates whenever possible to avoid cancellation fees.
Bundling your home and auto insurance in 2026 offers real, measurable savings, typically between 5%-25%, translating to hundreds or even over a thousand dollars back in your pocket each year. Beyond the financial benefits, bundling simplifies your insurance management with one renewal date, one bill, and one trusted point of contact.
However, the bundle that works for your neighbour might not be the best choice for you. That's where Morison Insurance comes in. We compare bundled options against separate policies across our network of top insurers to ensure you're getting the coverage you need at the price that makes sense for your budget.
Thinking about how much you could save when you bundle home and auto insurance in 2026? Let's compare your options and uncover exactly how much you could save with the confidence of a Morison expert on your side.
This content is written by our Morison Insurance team. All
information posted is merely for educational and informational purposes. It is
not intended as a substitute for professional advice. Should you decide to act
upon any information in this article, you do so at your own risk. While the
information on this website has been verified to the best of our abilities, we
cannot guarantee that there are no mistakes or errors.
