As one of the most well-known insurance companies in Canada, RBC is frequently the initial choice for many Canadians seeking insurance coverage. But does this automatically mean RBC tenant insurance is the best choice for you as a renter? Not necessarily.
One of the only ways to be certain that you’re buying the best insurance for the lowest price is to assess established providers, like RBC Insurance, as well as innovative alternative providers, like YouSet. To help you do that, here are a few of the pros of getting your tenant insurance from RBC.
✅ Well-known provider
RBC Insurance, belonging to Canada’s largest bank, the Royal Bank of Canada, fosters a feeling of stability and familiarity that many insurance shoppers appreciate.
❌ Restricted to Aviva products and pricing
When you buy tenant insurance from RBC Insurance, Aviva will underwrite your policy. Unlike brokers such as YouSet, which scans a network of multiple carriers to find you the best price, with RBC you’re limited to the products, prices, and discounts offered by this one carrier.
✅ Diverse product offering
RBC offers not only tenant insurance, but car, home, condo, recreational vehicle, and commercial insurance as well. They also advertise a discount for customers who purchase both home and car insurance, however, bundling with a single carrier isn’t always the best way to maximize savings.
❌ Poor online reviews
As of April 2025, RBC’s customer review rating on TrustPilot was just 1.7 out of 5 stars and 1.4 out of 5 stars on InsurEye. While these customer reviews may highlight some concerns, unhappy customers are generally more likely to leave reviews on platforms like this than satisfied ones.
✅ Offers a deductible waiver
RBC is unique in that it offers a deductible waiver for claims over a certain amount. This means you may not have to pay the deductible amount specified in your insurance policy under certain conditions.
❌ Inconsistent customer service
Some RBC insurance customers voice frustration regarding both the procedural inefficiencies of RBC’s customer service team and the shortcomings of their online self-service portal.
RBC vs. YouSet tenant insurance
Between the disadvantages listed above and the price of the quote you received, you might be eager to find an alternative to RBC tenant insurance, such as YouSet.
Since 2017, YouSet has been making it easier for Canadians to buy home and car insurance online. Why spend hours manually comparing quotes when our proprietary technology can do it all for you in less than 4 minutes? Not only that, but we’ll also have Canada’s top insurance providers competing for your business, ensuring you get the best price year after year. With over 300,000 users and an average online review rating of 4.9 stars, YouSet is a broker well worth considering.
Best price year-after-year
YouSet’s algorithms are designed to do one thing - find you the best price. Not just the first time you buy, either. If your price increases at renewal, we’ll alert you and even help you re-shop with another carrier.
Highly reviewed by Canadians
With an overall rating of 4.8 out of 5 stars on Google, the general consensus among YouSet users is that YouSet is making it easier to find affordable insurance and buy it online at the best price year after year.
Transparent renewals
Anytime a YouSet insurance policy comes up for renewal, our team will make sure you’re paying the best price possible for your policy. If that’s no longer working, we’ll help you re-shop another carrier for a better deal.
Buy, manage, and renew your policy online
How much easier would it be if you could purchase a policy, personalize it to fit your needs, make modifications to it, and renew it, all without having to make any phone calls or wait on hold? With YouSet, you can do all that and more with our self-serve features.
Mix-and-match approach to bundling
YouSet is the only digital broker in Canada that automatically compares the cost of bundling home and car insurance from a single carrier against the cost of mix-and-matching home and car carriers. Whichever option offers the maximum savings is the one we present to you.
Next steps
Even if you have an idea of where you want to buy tenant insurance, it’s always a smart idea to get quotes from elsewhere so that you can be certain you’re getting the best coverage for the lowest possible price. If you don’t have the time or patience to do this manually, the YouSet platform will automatically do all that work for you in minutes so you can be sure when you make your decision.