Try direct first
Add your card in the insurer's billing portal. Most major Canadian providers charge $0 fee.
Insurance · Canada · June 2026
Optimize recurring insurance payments with cashback and rewards
Home, auto, and life insurance premiums are some of the easiest Canadian recurring bills to put on a credit card. Most major insurers accept cards at $0 fee — turn the payment you'd make anyway into ongoing rewards.
Why insurance premiums are an easy rewards win
A typical Canadian household pays $200–$400/month across auto, home, and life — that's $2,400–$4,800 of predictable recurring spend per year. Almost every major Canadian insurer accepts Visa, Mastercard, and Amex directly on their billing portal at no convenience fee.
For providers that don't take cards (some smaller mutual insurers, niche life policies), Chexy and Neobanc both let you fund the premium through them and have the insurer paid by EFT or Interac.
How it works
Direct first, platform fallback
Fallback via Chexy or Neobanc
If your insurer is debit-only, route the premium through Chexy (Amex Membership Rewards) or Neobanc (Interac, 1% cashback).
Auto-pay forever
One setup, monthly rewards for years. Just keep the card in good standing to avoid lapsed coverage.
Calculator
Estimate your annual insurance rewards
Drag the slider to your monthly premium total — we rank Chexy and Neobanc by fee-adjusted net value.
Estimate your net rewards potential
$2,000/ month
$500$5,000
See which platform performs best for your insurance payments
Ranked by estimated annual net value after fees · Compared across supported Canadian bill-payment platforms.
Highest estimated net value
Chexy
Estimated annual value on your insurance payments: ~$300/year.
Optimized for recurring payments · Fee-adjusted rewards
Why this wins: With a high-earn travel or Aeroplan card, points value typically outpaces the 1.75% fee — generating stronger fee-adjusted rewards on your insurance payments.
Learn more: Chexy review · best cards to pair
Chexy
WinnerBest for maximizing credit card rewards
Net annual value
$300 / year
- Fees
- −$420
- Credit card rewards
- +$720
- Sign-up bonus
- $20 & up to 36,000 Aeroplan points
Neobanc
2nd placeBest for maximizing cashback
Net annual value
$240 / year
Choose payment method
- Fees
- $0
- Cashback
- +$240
- Sign-up bonus
- Up to $100
Estimated annual net value shown · Recommendations based on net value after fees.
Updated regularly for Canadian platform fees and offers. How recommendations are calculated →
Recommended next step · Based on your result
Top credit cards to pair with Chexy
$150American Express · Amex
American Express Business Platinum
Top pairingWhy: Top-ranked pairing with Chexy — strongest math in our dataset.
vs current: ~$950/yr in net rent rewards via Chexy.
+$2,400$799/yr
See review
TD · Visa
TD Aeroplan Visa Infinite Privilege
Top pairingWhy: Top-ranked pairing with Chexy — strongest math in our dataset.
vs current: ~$480/yr in net rent rewards via Chexy.
+$1,800$599/yr
See review
CIBC · Visa
CIBC Aeroplan Visa Infinite Privilege
Top pairingWhy: Top-ranked pairing with Chexy — strongest math in our dataset.
vs current: ~$460/yr in net rent rewards via Chexy.
+$1,700$599/yr
See review
Reasons are generated from each card's fee, rewards model and platform compatibility — not from advertiser influence. See methodology.
Keep optimizing
Recommended next steps for your situation
Side by side
Chexy vs Neobanc for insurance premiums
Chexy
Best for rewards- Transaction fee
- ~1.75% (credit card)
- Rewards
- Aeroplan partnership + your full credit card rewards
- Credit reporting
- Equifax
- What you can pay
- Rent · Bills
Top strengths
- Most polished and reliable of the three
- Aeroplan partnership stacks on top of card rewards
- Higher 2.5% fee on foreign cards
Neobanc
Lowest fees · Best overall- Transaction fee
- 0% (Interac) · 1.5% (monthly plan) · 2.25% (6-month rolling plan)
- Rewards
- Up to 1–2% cashback on rent and bills (1% monthly plan, 2% 6-month rolling plan), 0.5% on mortgage
- Credit reporting
- Equifax + TransUnion
- What you can pay
- Rent · Bills · CC bills · Mortgage
Top strengths
- 0% fees with Interac e-Transfer
- Up to 1–2% cashback on rent
- Newer product — still maturing
Best cards
Top credit cards for monthly insurance premiums
Recommended cards
$150American Express · Amex
American Express Business Platinum
CompatibleWhy: Compatible with Neobanc — ~$950/yr in net rent rewards.
vs current: ~$950/yr in net rent rewards via Neobanc.
+$2,400$799/yr
See review
$150Scotiabank · Visa
Scotiabank Momentum Visa Infinite
Best for recurring billsWhy: Earns 4% on recurring bills — pairs naturally with Neobanc's utilities, mortgage and credit-card bill rails.
vs current: ~$30/yr in net rent rewards via Neobanc.
+$600First Year Free
See review
$40TD · Visa
TD First Class Travel Visa Infinite
Best for recurring billsWhy: Earns 4% on recurring bills — pairs naturally with Neobanc's utilities, mortgage and credit-card bill rails.
vs current: ~$50/yr in net rent rewards via Neobanc.
+$1,100First Year Free
See review
Reasons are generated from each card's fee, rewards model and platform compatibility — not from advertiser influence. See methodology.
Best setup · Insurance
Best setup for paying insurance with a credit card
Most Canadian home and auto insurers take credit cards directly — park them on a recurring-bill multiplier card.
- Best for
- Households with $200+/month combined home and auto insurance.
- Expected value
- ~$120–$240/yr depending on premium size.
- Platform
- Direct to provider
$100Anchor card
MBNA Rewards World Elite Mastercard
MBNA · Mastercard · $120/yr
Why: 5x on the first $50k of recurring spend covers insurance for almost any household — first year free.
+$700See review
$40Cobalt-household alternative
American Express Cobalt
American Express · Amex · $156/yr
Why: If you already hold Cobalt, keep insurance there for 1x Membership Rewards points with no extra card to manage.
+$700See review
Tradeoff: Some brokers add a 1–2% surcharge for credit cards. Always confirm before switching from auto-debit.
Go deeperInsurance payment guide
Final verdict
What's the best setup?
- Pay direct on your insurer's portal whenever they accept cards at $0 fee.
- Use Neobanc if your insurer is debit-only and you want $0 fees + 1% cashback via Interac.
- Use Chexy if you'd rather earn Aeroplan or Amex Membership Rewards on premiums.
Related guides
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Pay utilities with a credit card
Hydro, gas, internet, phone — the other recurring bills.
Read guidePay rent with a credit card
The complete pillar guide for Canadian renters.
Read guideChexy vs Neobanc
Head-to-head on Canada's two top platforms.
Read guideBest cards for recurring bills
The cards that win on insurance and bill spend.
Read guideFAQ