Home & Auto insurance considerations once you get married


You tied the knot, now what?
After the wedding and honeymoon, you may be feeling a strain on your finances. There are many financial benefits that come with being newlyweds, including potential cost savings to your home and auto insurance plans. So as you begin this new chapter of your life together, it's a good idea to revisit your insurance needs and options.

Combining Insurance
A couple who decide to insure their cars together with the same insurance company may qualify for a multi-car discount that can result in considerable savings. When you get married, you have the option to switch one person’s car to the other’s policy, or to shop around for the best rate on both vehicles at the same time. It’s best to do this at the time that each policy renews to avoid cancellation fees. When it’s time to renew, get a quote and take the time to compare both options so you get the coverage you need at a price you can afford.

Carpooling & Commuting
If you're now able to carpool together, you may be able to reduce rates on one of your cars if it's no longer being used for commuting. On top of that, if you're moving into a new place together, a new address or postal code can affect your car insurance rates, especially if it greatly reduces commuting time. So depending on where you move, there may be additional savings.

One Home, One Rate
If you’re moving in together for the first time after marriage there’s more good news for your wallet. Having one home means having only one home insurance policy instead of two. You can also combine all of your personal property coverage under one policy, including any coverage for valuables such as jewelry, antiques and art.

Having both your homeowner's insurance and auto insurance policies with one company could also give you both a discount. Take the time to speak with a PC® insurance broker to help ensure that you purchase auto and home insurance policies that meet your needs.

With the extra money, you can save for the things that matter most to you—your next vacation, paying off mortgages and other loans or starting an education fund for your future family.

Start your new life together off right by planning for the future and having the peace of mind that you have the coverage you need at a price you can afford.

How to make a claim

Call 1-877-251-8656 to speak with a Claims Advisor.

Renewing your policy

Call 1-877-251-8652 for information regarding policy renewal.

Buying a new policy

Call 1-866-660-9035 for information on obtaining a quote.

Need help?

Take a look at the top 5 FAQs:

  • What are my choices in terms of auto coverage?

    What are my choices in terms of auto coverage?

    If you own or drive a vehicle in Canada, you must be insured. Different provinces have different requirements, but the four mandatory elements of auto insurance are:

    1. Liability - if you cause an accident and someone sues you
    2. Accident benefits - if you or someone in your vehicle is hurt in an accident
    3. Direct compensation – property damage (Ontario only)- if your vehicle gets damaged (and it's determined you're not at-fault or only partly at-fault)
    4. Uninsured motorist - if you're in an accident with an uninsured or hit-and-run driver
  • How do I reduce my insurance costs?

    How do I reduce my insurance costs?

    There are several things you can do to reduce your insurance premium costs:

    1. Work on your driving record
      Here's an easy, yet effective way to bring down your insurance costs: build a consistent accident and conviction-free track record with an insurance company.
    2. Choose your automobile wisely
      Do your research before you invest in a new car. Read consumer reports, and check with your insurance company to find out which cars tend to be targets for theft and vandalism. Remember, if you buy a car with a high theft rate, your premium will be higher.
    3. Adjust how you use your car
      By adjusting the way you use your vehicle, you can also bring down the cost of your insurance rates. If you live in a metropolitan area:
      • can you take the subway, train or bus to work?
      • has your job changed, or have you moved recently?
      • do you use your automobile to drive a short distance to work?
      • does your vehicle get used for low annual kilometers?
        If you answered yes to any of these questions, you may be entitled to lower insurance costs. Another consideration is whether you let others use your car. It is sometimes possible to exclude certain high-risk drivers from your policy so that good drivers are not penalized with a higher premium.
    4. Choose a higher deductible
      If you choose a higher deductible up front, your premiums will be lower.
    5. Review your coverage
      Take a closer look at your coverage to make sure you're not paying for things you don't need.
  • How can I earn PC Optimum points?

    How can I earn PC Optimum points?

    When you use your President's Choice Financial Mastercard to pay your PC auto insurance premium, you'll get 20 PC Optimum points per dollar of your premium.

  • Are other drivers insured to drive my car?

    Are other drivers insured to drive my car?

    Yes, as long as he/she has your permission to drive the vehicle, has a valid driver's licence and has not been specifically excluded from driving the vehicle. However, all licensed drivers in your household must be listed on your policy—regardless of how often they use your vehicle.

  • What is a deductible?

    What is a deductible?

    A deductible is the amount that you agree to pay towards the repair or replacement of your vehicle before your insurance pays the rest. You choose your deductible amount when you purchase your auto insurance. The higher your deductible, the lower your premium.

See all Auto Insurance FAQs


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