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How the Ratehub Mortgage Group Rate works

RH Insurance has partnered with Economical Insurance to offer a discounted insurance group rate to Ratehub's mortgage customers. Find out how you can access these exclusive insurance savings today.

How you can save with Ratehub's group rate discount


Connect with a broker

Book an appointment or call-in to the customer service line to connect with an insurance broker (varies by province).

Request a group rate quote

Identify yourself as a Ratehub Mortgage Client and provide details about your home insurance needs to get a quote.

Finalize the policy & start saving

Once you're ready to move forward with your policy - provide your mortgage closing date and complete your purchase.

What is the group rate discount?

Eligible Ratehub mortgage customers can receive a discount of 5% off their P&C insurance products including auto, home, and condo. The group rate provided by Economical Insurance starts at a lower base rate than the standard insurance market rating plus an additional 5% discount is applied making it one of the best rates in Canada!

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3.74%

Best 5-year fixed in Canada

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How to access the Ratehub mortgage group rate?

This discount is reserved for active Ratehub mortgage customers only. You are able to receive a complementary quote during your mortgage application, but in order to finalize your discounted group rate policy with Economical Insurance you will need to provide the closing date for your mortgage to your insurance broker.

How you access the group rate will depend on which province you live in:

Ontario mortgage customers

Other eligible provinces (BC, MB, SK, QC, East Coast)

  • Economical's Group Rate call centre has been set up to service the Ratehub mortgage customer base on behalf of RH Insurance.
  • You can contact an Economical agent by either:
  • You must reference the group rate name Ratehub Mortgage Clients.
  • You must provide a mortgage closing date to finalize an insurance policy, but you can receive a quote at any time during your mortgage application process.

The group rate is not available to Alberta mortgage customers at this time.

Are you looking for the best home insurance rate?

In less than 5 minutes, you can compare multiple home insurance quotes from Canada's top providers for free. Comparing rates online could save you hundreds of dollars.

Common questions about Ratehub's group rate

Who is RH Insurance?


Who is Economical Insurance?


What is Ratehub's relationship with Economical Insurance?


Why do I need to call into a call centre to get the discounted rate? (applicable to all other provinces except ON and AB)


Why don’t we provide service in Alberta?


Is there a time-limit on this group rate offer?


What if I don't have a mortgage with Ratehub's brokerage?


What happens if I am no longer a Ratehub mortgage customer?


What if I never finalize my mortgage with Ratehub's brokerage?


What if I want to cancel or switch my insurance policy?