YouSet vs TD Insurance : Finding the best home insurance in (2023)
There’s no doubt that TD Insurance is a well-known player in the Canadian insurance industry. But is that enough when choosing a good insurance company?
In today’s world, there’s a growing need for affordable home insurance, coupled with the convenience of a modern e-commerce shopping experience.
Factor in rising interest rates, the high cost of living and busy lifestyles across the country, and it quickly becomes clear that the market is shifting toward companies that provide affordable insurance policies, offer user-friendly customer support, and maintain excellent online platforms for purchasing and managing policies.
In this scenario, one of the biggest challenges customers face when looking for the a good home insurance online is making sure they don’t trade quality for price. That’s precisely why more and more Canadians are choosing YouSet and its innovative platform, as it helps them:
- 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 TD Insurance, or at least looking for some alternatives. Let us help you compare services, and weigh the pros and cons.
YouSet vs TD Insurance at a glance
Here, we have TD Insurance—a typical Canadian bank offering a wide range of services, including home insurance, and YouSet—a young, innovative insurance marketplace focused on providing the most affordable insurance product to its customers.
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..
TD Insurance: Tenant and home insurance review
TD Canada Trust, part of the TD Bank Group, is well established in the North American financial sector, particularly in Canadian banking and insurance. Their banking services are comprehensive, offering everything from chequing and savings accounts to complex investment products for a wide range of customers.
When it comes to insurance, TD offers fundamental coverage for auto and home insurance. While TD’s insurance products are robust and reliable, they generally stick to standard options. This positions TD as a standard provider in the competitive insurance market. They provide a level of service that meets basic expectations.
TD Insurance offers a comprehensive but mainstream range of products. It meets the basic needs of most customers.
TD Insurance advantages
- Multiple products offering
A Canadian-owned company offering multiple insurance products, such as car, home, travel and life insurance.
- Simple home insurance
TD Insurance presents a single combined coverage amount. Your home, belongings, and additional living expenses are covered under one comprehensive limit. This means you no longer have to deal with multiple limits for different coverages. It simplifies your insurance.
- Benefits at no extra cost
If you insure both your home and your car with TD Insurance, you get two benefits at no extra cost: Legal Assistance (personal legal advice) and Home Assistance (referral to a network of recommended home repair and renovation providers).
TD Insurance disadvantages
- TD Insurance doesn’t offer in-person support
TD Insurance handles all customer service online or by phone, as they don’t have walk-in branches. This also means that customers don’t have a dedicated insurance advisor for their accounts.
- Low customer satisfaction ratings
TD Insurance’s customer satisfaction ratings indicate that there is room for improvement, with low review scores averaging 2.3 out of 5 stars on Trustpilot for various types of coverages, especially home insurance. This score reflects a general customer sentiment that may factor into the decision-making process for potential new policyholders.
- Long wait times
Many customers find that calling TD Insurance customer service often results in long wait times. This is a common problem, especially when quick answers are needed for urgent insurance matters. These delays can be stressful for clients and indicate a significant inefficiency in the company’s customer service process.
YouSet vs TD 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 TD 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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