Why You Should Consider Bundling Your Insurance

When it comes to protecting the things that matter most—your home, your vehicle, and your financial well-being—it makes sense to look for solutions that offer both value and simplicity. One of the most effective ways to do that is by bundling your insurance policies. Whether you're a homeowner, renter, condo owner, or new driver, bundling your Canadian insurance policies could be one of the smartest financial moves you make this year.

Please note: This blog provides a general overview of bundling your insurance. It is not all-encompassing and should not be taken as specific advice. Be sure to discuss your unique circumstances with a licenced insurance broker to receive guidance tailored to your situation.

What Does It Mean to Bundle Your Insurance?

Bundling your insurance simply means purchasing two or more insurance policies—most commonly home and auto—from the same insurance provider. Instead of managing separate policies through different companies, you consolidate them under one provider, often qualifying for a discounted rate in the process.

Think of bundling as creating a “multi-policy package.” You’re still getting all the coverage you need, but now it’s neatly packaged with added benefits like potential savings and streamlined service.

What Types of Insurance Can Be Bundled?

While many types of insurance policies can be bundled, the most common and beneficial pairing is home and auto insurance. These are the two policies that nearly every household needs, and combining them often results in the biggest discounts.

Some of the common bundling options include:

• Home and Auto Insurance – A very popular bundle, offering significant savings.
• Tenant and Auto Insurance – Ideal for renters looking for protection and savings on their vehicle.
• Condo and Auto Insurance – A smart combo for condo owners with a car.
• Home, Auto, and Life Insurance – Some insurers offer additional incentives when you bundle three or more policies.

The Top Benefits of Bundling Your Insurance

Whether you're just starting out with your first policies or reassessing your current coverage, bundling offers several key advantages.

1. Save More on Your Premiums

This is usually the biggest selling point: bundling can save you money. Most insurance providers offer multi-policy discounts when you combine your home and auto insurance. Depending on your provider and your personal profile, you could save anywhere from 10% to 25% on your premiums. These savings can add up over time, freeing up cash for other priorities—whether that’s travel, a home renovation, or building your emergency fund.

2. Streamline Your Paperwork and Payments

Bundling insurance simplifies the admin side of things. Instead of juggling multiple due dates, contacts, and policy numbers across different providers, you’ll have one renewal date, one point of contact, and one monthly payment!

This can be a huge time-saver. It also makes managing your insurance more convenient, especially if you ever need to make changes to your coverage.

3. Easier Claims Process

Accidents and disasters are stressful enough—your claims process shouldn’t make them harder. Bundling home and auto insurance can make filing claims smoother, particularly in scenarios where both your car and home are involved (e.g., a fire that damages both your garage and vehicle).

With a bundled policy, you’ll deal with just one insurance provider who can coordinate the process more efficiently. That can mean faster claim resolutions, better communication, and less hassle when you need support the most.

4. Better Coverage Options

When you bundle, you may also gain access to enhanced policy features or coverage upgrades that aren’t available to standalone policyholders. Some insurers offer:

• Higher liability limits
• Waived deductibles if a claim affects both your home and auto
• Additional perks like accident forgiveness or claim protection

5. Build a Stronger Relationship with Your Broker or Provider

When you bundle your policies, you’re creating a stronger client relationship with your insurance provider. This can lead to better renewal offers and quicker support when questions or concerns arise. If you're working with a brokerage like BIG Insurance, bundling also means your broker has a more complete picture of your coverage. This allows them to better advocate for you by helping you find additional savings.

How to Get Started with Bundling

Bundling is easier than you might think. If you already have home or auto insurance with one provider, start by asking for a quote to bundle in your other policy. Or, if you’re shopping around for a new provider altogether, request quotes for bundled coverage to compare pricing and perks.

Ready to see how much you could save by bundling your home and auto insurance? Contact a BIG insurance broker today for a no-obligation quote and let us do the heavy lifting. We’ll find the best options tailored to your needs, so you can rest easy knowing your coverage is in good hands.