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What our users say:

Excellent
Based on 427 reviews
May 18
Sandra was amazingly personable
Sandra was amazingly personable, efficient and knowledgeable. Kudos! A great ser...
Rachel Constantine
May 18
Lowest Insurance rate I have ever comes…
Lowest Insurance rate I have ever comes across. My broker Tracy is easy to talk ...
Abel Pat
May 17
I have had a good expierience with the…
I have had a good expierience with the insurance agent, but I need more time to ...
Earl Thompson
May 13
Car and home insurance
It was great experience and very helpful for what I needed!!!!
Maria GEstrela
May 11
Very accurate quotes that are fast …
Very accurate quotes that are fast thanks guys
BaselFarhat
May 10
Very pleasant and helpful
Very pleasant and helpful. No pressure there for the client
Dakota JCooper
May 6
Great help and very nice people
Great help and very nice people, got everything figured out fast!
Rhianna
May 5
They so friendly and informative
They so friendly and informative! Keep it up
Emmanuel CVillafuerte
May 5
Quick and courteous follow-up
Quick and courteous follow-up, connected me with a broker instantly.
Taylor
April 27
Great experience
Was great, provided a few quotes and I felt no pressure to accept any of them. I...
Andrew
April 19
This company does Follow up and Follow…
This company does Follow up and Follow through and that is so necessary because ...
Wendy Kinsey
April 13
Quick to respond and very competitive…
Quick to respond and very competitive rates offered.
Vincent EdwardWarren
April 13
Awesome service easy to deal with fast…
Awesome service easy to deal with fast and friendly
ZacharyLuesby
April 12
very fast service
very fast service, polite, efficient
Prashant
April 12
This website (LowestRates.ca) makes…
This website (LowestRates.ca) makes your decision on which insurance is the les...
Sabah Salih
April 11
yes it was quick and easy
yes it was quick and easy, like 100%
JackLeblanc
April 8
I spoke with Barb and she was very…
I spoke with Barb and she was very polite knowledgeable and friendly and profess...
Elena LiaBogdan
April 4
Excellent
Its a good experience.
AnjoeTharakan Antony
March 30
every time i use lowest rates i get a…
every time i use lowest rates i get a good deal--so much for loyalty pricing wit...
Donald ADESCHAMPS
March 20
Real options to save
Lowest Rates. CA has been extremely helpful I've gone through my ups and downs b...
Amir Isakovic
March 15
Very good.
Very good, and the Rates you have stated is great. Please wait till I see the ba...
Ian Stevens
March 10
Good customer service
Good customer service
Lina Bella
March 4
Awesome and free!
Always use this site to find all types of insurance. I am yet to find better quo...
Jey
March 3
Great team and amazing communication…
Great team and amazing communication skills. Very straight forward to get an est...
Andre F MPereira
February 23
Hi your site was easy to use
Hi your site was easy to use . I had no problem to get answers to my questions. ...
Teresa Bourque
January 22
I came across the website…
I came across the website 'LowestRates', accidentally, while on Facebook - withi...
Nelson Barker
January 15
I found the site very easy to use and…
I found the site very easy to use and was given options for insurance. I was ver...
Patricia Arseneau
January 8
fast and easy
fast and easy
moira fortin
December 29
easy to navigate the site
easy to navigate the site. comparison of many insurance companies.
QAMAR SIDDIQUI
November 17
they find the lowest rates and explain…
they find the lowest rates and explain options saves a lot of time when renewing...
terry nauss

Get the best rates on condo insurance.

Protect your condo unit with a great condo insurance policy. We’ll bring you the cheapest rates on condo insurance from the top providers — just like that.

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See how much you could be saving on condo insurance.

Type of condoLocationPrevious claimsLowest rateAverage rateSaved
Quote from May 24, 2022
Type of condo
Townhouse
Location
London, ON
Previous claims
None
Lowest Rate
$22/mth
$262/yr
Average rate
$33/mth
$399/yr
Saved
$11/mth
34.00%
Quote from May 24, 2022
Type of condo
Low Rise
Location
Vancouver, BC
Previous claims
None
Lowest Rate
$51/mth
$606/yr
Average rate
$95/mth
$1,135/yr
Saved
$44/mth
47.00%

Why compare with LowestRates.ca?

Your home insurance questions, answered.

Why do I need condo insurance?

Your condo building is insured by the condominium corporation, but the corporation’s policy doesn’t cover damages in your unit. In the unwelcome event of a break-in, flood, or an injury in your unit, or in the event of vandalism or smoke damage, you'll be responsible for the resulting costs, whether it’s repairs, replacements, or legal liabilities.

That’s why condo insurance is a must for condo owners. Condo policies cover your personal property and the interior of your unit, plus they give you liability protection for bodily injury or property damage to others. With LowestRates.ca, you can compare condo insurance plans from Canada's top providers and find the right policy.

Why should I shop for condo insurance online?

Comparing quotes online leads to big savings. After all, condo insurance prices can vary from insurer to insurer, which is why you need to compare rates to get the best deal.

The good news is that comparing is easy. No matter what kind of condominium you own, we can find you the cheapest condo insurance rates in your area.

How do I compare quotes?

Just fill out the form at the top of this page and provide a few quick details about you and your place. Then we'll find you the cheapest condo insurance rates available.

Depending on where you live, you’ll receive up to 15 quotes. Once you select a quote, an insurance broker will call to lock in your rate and help you set up your policy.

Will I have to submit to a credit check?

A credit check is optional, but it can help you score the lowest rate on your condo insurance. Insurers may use credit checks to help set rates, and a good credit score can dramatically lower the price of your plan. In fact, you'll likely only find the cheapest condo insurance rates if you get a credit check.

And, thankfully, at LowestRates.ca, we only do one credit check per application, so your credit score will remain intact anyway. Condo owners who shop around on their own for an insurance plan will usually have to submit to multiple credit checks, which can harm their credit.

What does condo insurance not cover?

Standard condo policies don’t cover high-value items, like precious stones, rare art, and so on. If you want these items included in your coverage, ask to schedule them separately on your policy.

Should I select an all-perils or named perils condo insurance plan?

It depends on how broad you want your coverage to be.

All perils coverage protects your belongings against a wide range of hazards, and any coverage exclusions will be explicitly listed in your policy.

Named perils coverage only protects your belongings against the most common types of hazards, which will be clearly listed in your policy.

All perils condo insurance costs more but gives you a much broader range of coverage. If a major disaster damages your condo, you'll be able to fall back on your all perils plan, which will replace your belongings.

Should I select an actual cash value plan or a replacement cost plan?

That depends on how much you want your policy to pay out in the event of a claim. The difference between these two types of plans can be thousands of dollars.

An actual cash value (ACV) plan reimburses you for the value of the items you claimed at the time they were damaged. But ACV plans account for depreciation, so the amount you get from a successful claim most likely won't be enough to replace your damaged belongings. For example, if your old TV is stolen, your insurer only pays what they deem the TV to be worth at the time of the theft, which is probably less than what you paid — or what it'll cost to replace.

Replacement cost plans actually pay you back for the full replacement value of your lost or damaged belongings. For example, if someone breaks into your condo and steals your old TV, your insurance provider will pay for a new one of similar make (if available) and quality. With the right replacement cost plan, you’ll be able to replace all of your belongings in the event that your condo sustains major damage or is subject to a serious theft.

How much condo insurance coverage do I need?

The amount of condo insurance coverage you take out should reflect the value of your belongings plus any improvements you’ve made to the unit. Take inventory of your belongings and estimate the cost of replacing each item.

If you’ve renovated your unit or made any other betterments, like installing a new, state-of-the-art kitchen or adding more shelving, you should make note of those changes and their costs.

How can I have a hassle-free claims experience?

Take photos of your belongings when you get a condo insurance policy. A visual record of what your unit looks like inside and what you own can expedite the claims process. And if you’ve made improvements, like adding new appliances, cabinetry, or carpeting, you should document those changes.

It’s also a good idea to keep receipts for any of the upgrades you’ve made to your unit. Credit card statements work too. Make sure you know how to access your credit card history online and keep your paper receipts in a secure place, like in a safety deposit box.

Lisa Coxon

Lisa Coxon

About the Author

Lisa is an Editor and Writer for LowestRates.ca. Her work has appeared in Reader’s Digest, Toronto Life, Canadian Living and TVO. As a child, she diligently hoarded the $50 bills that fell out of her Christmas cards. Adult Lisa is working hard to resurrect those stockpiling tendencies.

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