YouSet vs RBC Insurance : Finding the best home insurance in (2023)
RBC, a significant entity in the Canadian insurance landscape, stands out. But does this prominence suffice when one is choosing a good insurance company? As consumers increasingly seek affordable home insurance and convenient, easy-to-navigate online insurance shopping platforms, RBC is challenged to continually adapt and meet these evolving demands.
With interest rates, the cost of living and busy lifestyles on the rise, people are naturally searching for companies that provide affordable insurance policies, offer user-friendly customer support, and maintain excellent online platforms for purchasing and managing policies. Finding home insurance online at a reasonable price while maintaining quality can prove difficult for customers.
This is where the YouSet insurance and its platform shines, becoming increasingly popular among Canadians. YouSet’s innovative tools make it easy for users to find affordable, quality home insurance that effectively meets their needs:
- Quickly compare home insurance prices online;
- Unlock exclusive rates and discounts from top insurance companies;
- 100% user-friendly online experience;
- Save time and money;
- Get the best coverage for your needs, fast.
If you’re reading this, you might be in the process of looking for insurance for homeowners or tenants from RBC Insurance, or at least looking for some alternatives. Let us help you compare services, and weigh the pros and cons.
YouSet vs RBC Insurance at a glance
RBC Insurance—a typical insurance company backed by the Royal Bank of Canada, and YouSet—an emerging and innovative insurance marketplace that prioritizes delivering the most cost-efficient insurance to its clientele.
YouSet: Tenant and home insurance review
YouSet is a Canadian brokerage platform that works closely with verified insurers to simplify your shopping experience by comparing multiple insurance policies in less than 4 minutes. As insurance brokers, we’re experts in the insurance market and only work with companies that carry an excellent reputation. After a careful screening process, we give these companies an opportunity to compete for your business.
We’ll help you save up to 29% on your insurance policy and you only need to share your information once: our algorithm will study the market and match you with the best insurance policies from top insurers, helping you save on your home and tenant insurance rate.
- Access exclusive rates and discounts
We’re different, and here’s why: we unlock special access to exclusive rates and extra savings just for you! You won’t find these offers anywhere else. How do we do it? After years of crafting unique tech magic and partnering with awesome insurance companies, we’re bringing you these unbeatable offers.
- Never shop for insurance again
When it’s time to renew your policy, if your premium goes up, you can easily use our platform to find a better offer and switch in just a few clicks. Buying directly from an insurance company means facing potential price increases at policy renewal time. You’ll either have to accept higher premiums or repeat the entire process: market shopping, finding a better insurance quote, canceling, and purchasing a new policy.
- Outstanding customer reviews
If you’re serious about getting the best insurance policy for your money, don’t forget to read the customer reviews, as they provide a genuine perspective on what you’ll really be buying. YouSet boasts a rating of 4.9/5, among the highest in the entire Canadian insurance market.
- Less known by the public: as YouSet is a relatively new company, not everyone is familiar with the brand.
- Availability: YouSet is currently only available in Ontario and Quebec, but there are plans to expand to other provinces and territories in the near future..
RBC Insurance: Tenant and home insurance review
Royal Bank of Canada (RBC) offers a wide range of financial services, including basic banking, investment options, and insurance for diverse clients. RBC Insurance, established in 1864, offers comprehensive home and car insurance policies underwritten by Aviva.
Their insurance products cover various risks, including up to 100% replacement value for dwellings, which is an industry standard. They also cover property not belonging to the insured, and personal belongings located elsewhere. Liability coverage ranges from $1,000,000 to $2,000,000, which is standard for homeowner’s insurance policies.
RBC is unique in that it offers a deductible waiver for claims over a certain amount, demonstrating a customer-focused approach.
Although RBC’s home insurance includes standard and some unique features, it doesn’t offer anything significantly different from competitors in the industry.
RBC Insurance advantages
- Player in the global banking sector
RBC Insurance benefits from its connection with the Royal Bank of Canada, a leading global banking entity. This relationship adds stability and recognition, offering clients confidence in the company’s long-term presence and dependability in the insurance market.
- Lower premiums for a higher deductible
RBC Insurance offers customers the choice to lower their premiums by choosing a higher deductible. This option is suitable for those willing to pay more out-of-pocket in the event of a claim. It’s a cost-effective way for customers to save on regular expenses while maintaining quality coverage.
- Wide range of insurance products
They provide a diverse range of insurance policies, including options like car, tenant, condo, home, recreational vehicle and commercial insurance.
RBC Insurance disadvantages
- Water coverage
Sewer backup coverage, often included in home insurance policies, is only an optional add-on with RBC.
- Low satisfaction ratings
RBC Insurance’s customer service has garnered low satisfaction ratings (2.3 out of 5 stars on Trustpilot), a common grievance among customers is long wait times on phone lines, compounded by a lack of online support options to facilitate the claims process or manage policies efficiently.
RBC Insurance rates can be higher for certain customer profiles and situations, indicating a pricing strategy that isn’t always the most competitive. Although they offer discounts for bundled services or higher deductibles, their base premiums may be higher than other insurers. This could make RBC less attractive to those who are looking to minimize costs.
YouSet vs RBC Insurance: Which home insurance should you choose?
Every insurance company has a unique strategy in terms of its business focus and underwriting criteria, often targeting different types of customers. This means that different insurers will charge different prices for the same product. They usually offer better prices to certain groups of people. So, if you’re not in their target group, you might get a higher price quote. It’s essential to explore all your options if you want a really good deal.
Get insurance quotes from different providers before making a decision. However, if you’re short on time and don’t want to fill out multiple home insurance quote forms or call several companies, our platform can do the heavy lifting for you.
Last but not least, if you ever need to make a claim and end up disagreeing with RBC Insurance, you will have to deal with a huge corporation that will have its own interests at heart. With YouSet, it’s different: we’ll work on your behalf, step in to communicate with the insurance company and help you get things sorted out as quickly as possible. Our team of expert brokers knows the claims process inside out, and will help you navigate the complex claims resolution process effortlessly. We’ll even offer you a free 30-minute consultation with a lawyer during your claims process, should you need it.
Have a look at our prices. Get a free quote here and a first-hand impression of what we can do for you.
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