YouSet vs Square One : Finding the best home insurance in (2023)
Square One has certainly made a name for itself in the Canadian home insurance market. Yet, in our fast-paced world, is it enough when choosing a good insurance company?
The growing demand for budget-friendly home insurance and a seamless online experience is clear.
With rising interest rates, the high cost of living and busy lifestyles becoming the norm across the country, it is no wonder people are looking for companies offering cost-effective insurance polices, user-friendly customer support, and great online platforms to buy and manage their policies.
In this context, customers are often faced with the challenge of finding affordable home insurance online without compromising on quality. That’s precisely why more and more Canadians are turning to YouSet and its innovative platform, which helps them to:
- 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 Square One, or at least looking for some alternatives. Let us help you compare services, and weigh the pros and cons.
YouSet vs Square One at a glance
Here, we have Square One, which offers only home insurance products, and YouSet—an emerging and innovative insurance marketplace that focuses on delivering the most economical insurance product to its valued 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..
Square One: Tenant and home insurance review
Founded in 2011 in Vancouver, Square One Insurance is reshaping the Canadian home insurance market by making it more accessible and understandable for the average homeowner. The company sets itself apart by offering customizable policies, allowing customers to choose what they need and avoid paying for unnecessary coverage. Square One’s “digital-first” approach simplifies policy customization, including the choice of specific limits, coverage options and deductibles.
While they promote low rates for tenant insurance, starting at $12/month, it’s important to note that these rates usually apply to basic policies with minimal coverage, which may not be enough for many homeowners or renters.
Square One advantages
- Online platform
Square One’s online platform provides a functional interface for customers to tailor their insurance coverage to fit their needs. It’s a simple system that allows policies to be modified or cancelled with ease.
- Comprehensive standard insurance packages
Square One’s standard insurance packages are comprehensive, offering protection against common incidents such as fire, water damage, hail, break-ins and windstorms.
- 24/7 hotline for emergency claims
Square One’s customer service is accessible, with a 24/7 hotline for emergency claims.
Square One disadvantages
- Do not offer car insurance
Square One doesn’t offer car insurance, which means customers can’t bundle home and car policies to take advantage of discounted rates. This limitation is a significant disadvantage for many people. Bundling home and car insurance is a popular strategy for savings and convenience, as it allows both home and auto policies to remain with the same insurance company. Not having this option with Square One may deter those looking for combined policy discounts.
- Non refundable fee if you cancel:
Another drawback is that the first $50 of your premium is non-refundable if you cancel your policy.
YouSet vs Square One: 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 Square One, 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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