RBC vs TD: Which Offers Cheaper Car Insurance in Canada?
- Jonathan Carter
- 1
- Posted on
The Canadian Car Insurance Showdown
In Canada’s competitive auto insurance landscape, RBC Insurance and TD Insurance stand out as two of the most recognized providers — both backed by major banks trusted by millions of Canadians. With 2025 seeing a rise in insurance premiums across provinces like Ontario, Alberta, and British Columbia, choosing the right insurer has never been more important.
This article offers a side-by-side comparison to help drivers navigate the key differences between RBC car insurance and TD car insurance, covering everything from average pricing and coverage options to digital tools and regional strengths
Cost Comparison: Who’s Really Cheaper?
The cost of car insurance in Canada varies based on your location, age, vehicle type, driving history, and more. Neither RBC nor TD can claim to be universally cheaper — but there are trends worth noting.
- TD Insurance often provides more competitive pricing for young drivers, multi-vehicle households, and those bundling home and auto.
- RBC Insurance tends to be more favorable for experienced drivers with clean records, particularly in less densely populated provinces.
Ultimately, pricing depends on your personal profile. One provider may offer lower premiums in Ontario, while the other could be more affordable in Nova Scotia or Alberta.
Coverage Options: What Do You Really Get?
Both TD and RBC offer standard coverage options:
- Third-party liability
- Collision
- Comprehensive
- Accident benefits
RBC stands out for including windshield repair and emergency services in certain plans. TD offers better flexibility in building a policy, with optional add-ons like rental vehicle coverage and vandalism protection.
If customization matters, TD might edge ahead. But for built-in features, RBC holds its ground.
Discounts That Make a Difference
When it comes to discounts, both insurers offer a healthy mix, but TD Insurance stands out in 2025 for its extensive rewards:
- Safe driver discounts via TD’s MyAdvantage™ telematics program
- Green vehicle savings
- Multi-product bundling incentives
- Bundling home & auto
- Winter tire discount
RBC Insurance also offers popular discounts such as:
- Loyalty rewards
- Multi-vehicle coverage
- Student driver savings
Both providers reward safe and long-term drivers, but TD’s app-driven discount system makes it easier to actively lower your premium over time.
Customer Service & Claims: Who’s Easier to Deal With?
TD Insurance has invested in faster digital claims processing and real-time support tools. Their 24/7 customer service and easy online claim submissions make it a strong choice for tech-savvy users.
RBC Insurance is known for personalized service and a strong call center experience. However, their claims process may feel more traditional and could take slightly longer in some cases.
Regional Factors: Does Location Change the Game?
Both insurers offer optional benefits such as:
- Accident forgiveness
- Roadside assistance
- Rental car coverage
- Disappearing deductibles
TD offers more flexibility in how these are packaged, while RBC tends to include more features upfront in select plans
Call to Action
Still unsure? The best way to decide is to compare quotes directly.
Get a Quote from RBC Insurance
Get a Quote from TD Insurance
Rates vary — so don’t settle without checking both side by side. Your best deal might be just a few clicks away.
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