What Is Insurance Bundling?
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.
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.
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.
Common bundle types in Ontario
- Home + Auto (the most popular option)
- Tenant + Auto (perfect for renters who own vehicles)
- Condo + Auto
- Multi-property + Auto (for homeowners with rental properties)
Regardless of your living situation, there's likely a bundle option that suits your needs.
What Are the Benefits of Bundling Home and Auto Insurance?
Beyond the cost savings, bundling home and auto insurance offers several practical advantages that make managing your insurance more straightforward and less stressful.
Benefits Breakdown
- Financial: Multi-policy discounts typically range from 5% to 25% depending on the insurer and your personal profile. Multi-vehicle discounts add another 5%–15% when more than one car is on the policy, and a combined deductible may apply when a single incident affects both home and auto.
- Convenience: One renewal date instead of multiple expirations, combined billing, a smoother claims process during overlapping events like storm damage, and a single dedicated point of contact for all your insurance.
- Relationship: Loyalty rewards for multi-year customers, and priority claims handling with some providers.
Ontario families save $400 to $600 annually
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.
Multi-Policy vs. Multi-Vehicle Discounts: What's the Difference?
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% |
You can often combine both discounts for even greater savings. A family with two cars and a home could benefit from both the multi-policy discount for bundling home and auto insurance and 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.
Can Renters Bundle Insurance in Ontario?
Absolutely. If you're renting, you can still take advantage of bundling by combining tenant insurance with your auto insurance.
Here's an example: if 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. (These figures are approximate 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.
When Bundling Might Not Be the Right Choice
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:
- One insurer's rate is significantly higher: If one company offers you a fantastic auto rate but their home insurance is expensive, bundling might not save you money overall.
- Specialized coverage needs: Collector cars, rural properties, or unique situations sometimes require niche insurers who specialize in that type of coverage.
- Policy flexibility: You may prefer different renewal dates or deductible structures that work better with separate policies.
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.
How Much Can You Actually Save in 2026?
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.
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.
What Top Insurers Are Offering in 2026
- Aviva Insurance: Customers could save up to 10%–20% on auto insurance and 2%–20% on home insurance.
- Intact Insurance: Customers could save up to 5%–18% on auto insurance and 10%–18% on home insurance.
- Pembridge Insurance: Customers could save up to 10%–15% on auto insurance and 10%–30% on home insurance.
- Heartland Insurance: Customers could save up to 10% on auto insurance and 5%–15% on home insurance.
- Travelers Insurance: Customers could save up to 10%–18% on auto insurance and 5%–13% on home insurance.
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.
Factors That Influence Your Bundle Discount
Several elements determine how much you'll actually save:
- Your base rates: Your starting premium for each policy is influenced by factors like location, vehicle type, home age, and claims history.
- Coverage levels: The amount and type of coverage you select affects your total cost.
- Personal risk factors: Your driving record, credit score, and home safety features all play a role.
- Available discounts: Some insurers offer exclusive bundle deals or promotional rates that change periodically.
Morison Insurance brokers specialize in running these comparisons across multiple top insurers to calculate precisely how much you could save with the right bundle.
The only way to know your exact savings is to get a personalized quote.
Examples of How Savings Work
Scenario 1 — Typical Ontario Homeowner
- Separate home insurance: $1,500/year
- Separate auto insurance: $1,800/year
- Total without bundling: $3,300/year
- With 15% bundle discount: $2,805/year
- Annual savings: ~$495"
Scenario 2 — Family with Multiple Vehicles
- Home insurance: $1,600/year
- Two vehicles (separate): $3,200/year
- Total without bundling: $4,800/year
- With 15% multi-policy discount + 10% multi-vehicle discount: $3,672/year
- Annual savings: ~$1,128
How Morison Insurance Helps You Find the Best 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.
- Independent comparison: We compare insurance quotes from over 25 leading insurance providers to find the optimal coverage and value for your specific needs.
- Personalized, consultative service: Unlike quote-only platforms, we take the time to understand your situation and recommend the bundle that actually makes sense for you — even if that means separate policies.
- Local expertise: With offices serving Hamilton, Burlington, Simcoe, Tillsonburg, St. Catherines, and surrounding areas, we have a deep understanding of Ontario's insurance landscape and can navigate regional rate differences.
- End-to-end support: From quotes to claims, you have a dedicated team that knows your policies and is there when you need us.
Find Out How Much You Could Save: Speak With a Morison Broker
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.
