TD Insurance Canada 2026: Meloche Monnex Rates, Discounts & Review
Updated Oct 1, 2026 | Sources: TD Bank, J.D. Power
TD Insurance, including Meloche Monnex, is Canada’s largest direct writer with 3.2M policies. Average Ontario rate: $152/month ($1,824/year) for clean 35-year-old Toronto driver. Full Ontario comparison here.
TD Insurance Rates 2026 by Province
| Province | Monthly | Best For |
|---|---|---|
| Ontario | $152 | Alumni, 1 accident |
| Quebec | $112 | Professionals |
| Alberta | $138 | Bundle |
Meloche Monnex Discounts (Up to 55% Off)
- Alumni: 12% – 200+ universities including UofT, McGill, UBC. Wikipedia TD
- Professional: 10% – engineers, teachers, nurses
- Bundle: 15% home+auto
- TD MyAdvantage: 25% telematics
- Winter tires: 5%
TD vs Competitors 2026
TD vs Intact: TD $9 cheaper, better accident forgiveness. Intact better for home bundle (20% vs 15%).
TD vs PC Insurance: PC $10 cheaper for clean drivers, but TD accepts drivers with 1 at-fault accident that PC declines.
TD vs Economical: Economical $4 cheaper, but TD has better app (4.7 vs 4.2 stars).
TD vs RBC: TD $16 cheaper, both target bank clients.
Is TD Worth It?
Yes if: You’re alumni, professional, have 1 accident, want best mobile app.
No if: You’re new G2 driver (Economical cheaper), or want absolute cheapest (PC wins).
J.D. Power 2026: 4.2/5 satisfaction, 18-day average claim. FSRA complaint ratio: 0.8 per 1,000 (below average).
How to Get Cheapest TD Rate
- Quote via melochemonnex.com (not tdinsurance.com) for alumni rate
- Add home insurance day 1
- Install MyAdvantage app immediately
- Increase deductible to $1,000