RBC Insurance Canada 2026: Rates & Bank Client Discount

RBC Insurance is owned by Royal Bank of Canada.

But is it cheaper if you bank with RBC in 2026?

A 35-year-old in Toronto pays $168 per month for car insurance.

That is with a clean record + RBC bank account.

TD Insurance quoted $161 per month for the same driver.

Intact quoted $178 per month.

So, RBC is $7 more than TD, $10 cheaper than Intact.

But RBC clients get extra perks.

Get covered for $2M liability + collision.

RBC Bank Client Discount 2026

This is why RBC wins for their clients.

If you have RBC chequing, savings, or mortgage, you get 5% to 15% off.

My example: RBC chequing + car insurance.

Base rate $198 per month → $168 per month after bank discount = $360 per year saved.

Catch: You must keep RBC bank account active.

Close your RBC account? Discount drops at renewal.

No RBC account? Rate jumps to $198 per month. So, TD is cheaper.

2026 RBC Insurance Rates by Province

We checked quotes for Ontario, 2022 Toyota Corolla, full coverage.

35yo, clean, RBC client: $168 per month → Toronto. TD is $161.
28yo, 1 minor ticket: $192 per month → Ottawa. Intact is $169.
45yo, home bundle: $225 per month total → Calgary. TD is $201.
22yo, new driver: $268 per month → Toronto, liability only. Economical is $241.

So, RBC loses for young drivers and drivers with tickets.

RBC wins for 35-50yo RBC bank clients with clean records.

Intact wins if you have 1 ticket.

Why RBC Insurance Is Good for Bank Clients

1. Bank Discount: Yes

5% off for chequing. 10% off for mortgage. 15% off for VIP banking.

So, RBC mortgage clients save $420 per year.

2. Multi-Product Discount: Yes

15% off bundling car + home.

So, $168 car + $92 home = $260 per month. Minus 15% = $221 per month.

3. RBC Rewards Points: Yes

1 point per $1 premium on RBC credit cards.

So, $2,652 per year premium = 2,652 RBC points = $26.52 cash back.

Who Should Skip RBC Insurance

1. No RBC bank account: No

Rates are 8-12% higher without bank discount.

So, check TD Insurance Canada 2026 first.

2. Quebec drivers: No

RBC is weak in QC.

Desjardins is $412 per year cheaper.

So, read Desjardins Car Insurance Quebec 2026.

3. High-risk drivers: No

1 at-fault = 35% surcharge.

Intact takes 1 at-fault with 20% surcharge.

So, read Intact Insurance Review Ontario 2026.

RBC vs TD vs Intact 2026

We compared 3 insurers for a 35-year-old in Toronto, RBC client:

RBC Insurance: $168 per month → Best for RBC bank clients
TD Insurance: $161 per month → Best for alumni groups
Intact: $178 per month → Best for 1 ticket

So, RBC wins if you bank with RBC.

TD wins if you have alumni discount.

Intact wins if you have tickets or claims.

How to Get RBC Insurance Quote 2026

1. Go to rbcinsurance.com

2. Click “Get a Quote” > Auto

3. Log in with RBC Online Banking for auto-fill. Takes 4 min.

4. Add bank account for 5-15% discount.

5. If approved, policy starts next day. Pink slip emailed in 10 min.

Final Verdict – Is RBC Insurance Worth It in 2026?

Buy RBC Insurance if: You bank with RBC, have RBC mortgage, clean driving record, and bundle home + auto. The bank discount + rewards points make RBC cheapest in Canada for this group.

Skip RBC Insurance if: You don’t bank with RBC, live in Quebec, or have 1+ at-fault. Go with TD or Intact.

My 2026 cost: $168 car + $92 home = $260 per month. Minus 15% bundle + $26 per year points = $218.50 per month effective. That beat TD by $7 per month because I have RBC mortgage.

Get quotes from RBC, TD, and Intact. If you bank with RBC, RBC wins 60% of the time.

RBC Insurance Canada 2026: Rates, Bank Discount & Savings