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Written by Taras Trofimov

Content Manager

Updated October 13, 2026

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How much does Cambridge home insurance cost in 2026?

Home insurance in Cambirdge costs around $1,320 – $2,360 per year as of 2026, according to LowestRates.ca’s latest quoter data. By contrast, Ontario home insurance premiums are around $1,875 – $2,170 per year, roughly $183 higher than Cambridge’s (if you base the comparison on their midrange values).

How LowestRates.ca determines lowest and highest premiums

Estimated premiums are based on the average of the lowest two quoted premiums in 2026, with maximum available coverage for water protection using a profile of a 40-year-old homeowner, continuously insured for at least 10 years, who lives in a 2,500 sq ft detached house built 40 years ago, with brick veneer, wood frame construction, natural gas heat, a 10-year-old roof, and home replacement costs of $500,000.

Premiums are ordered according to Forward Sortation Areas (FSAs), which are the first three digits of a postal code, rounded to the nearest tenth. Premium ranges for each city are based on the lowest and highest premiums for each FSA. Ontario premium range is based on the median of all the lowest and highest premiums for each FSA.

About the comparison values

The comparison values are based on the midrange values for each city.

The formula to calculate the difference between each city is as follows:

((lowest premium + highest premium) ÷ 2) - ((lowest premium + highest premium) ÷ 2)

Example calculations:

Ontario midrange: ($1,875 + $2,170) ÷ 2 = $2,022.50
Toronto midrange: ($1,670 + $2,710) ÷ 2 = $2,190
Difference between Ontario and Toronto: $2,022.50 - $2,190 = -$167.50, rounded to -$168

Cambridge vs. Ontario's major cities: Who gets the lowest home insurance premiums in 2026?

Out of the five major cities in Ontario, Ottawa has the highest premiums in 2026, at $1,510 – $3,080 per year. They are roughly $455 higher than Cambridge's, which are around $1,320 – $2,360 per year.

If you’re wondering where your specific Cambridge neighbourhood falls in all of this, scroll on to find your postal code.

Rank	City	Annual premium (lowest – highest)	vs. Cambridge
1	St. Catharines	$1,590 – $2,040	~$25 lower
2	Cambridge	$1,320 – $2,360	$0
3	Hamilton	$1,450 – $2,290	~$30 higher
4	London	$1,740 – $2,410	~$235 higher
5	Toronto	$1,670 – $2,710	~$350 higher
6	Ottawa	$1,510 – $3,080	~$455 higher

Ontario annual premium (lowest – highest):
$1,875 – $2,170 (~$183 higher than Cambridge)

Major cities were selected based on their population size, sourced from Canada Statistics, 2025 Population Estimates.

Cambridge home insurance premiums by postal code

Postal codes with the highest home insurance premiums in Cambridge start with N3E and N3H, paying around $1,420 – $2,360 and $1,570 – $2,070 per year, respectively. Those with N3E postal codes pay about $70 more annually than those with N3H postal codes.

Postal code	Annual premium (lowest – highest)
N1P	$1,320 – $1,650
N3C	$1,400 – $1,570
N3E	$1,420 – $2,360
N1S	$1,430 – $1,690
N1T	$1,460 – $1,740
N1R	$1,570 – $1,830
N3H	$1,570 – $2,070

Cambridge annual premium (lowest – highest): $1,320 – $2,360

The outlook on Cambridge's home insurance premiums in 2026

Home insurance premiums in Ontario, and by extension, Cambridge, are up in 2026 and are likely to continue to increase as we head into 2027.

Home premiums rose 5.8% year over year in Q2 2026 nationwide, according to the Applied Rate Index. Ontario saw an average premium increase of 4.2% year over year.

The silver lining for Ontario is that compared to Q1 2026, home insurance premiums are actually down — by 0.1%. The only other province to see a decrease from Q1 to Q2 in 2026 was Quebec, at 1.9%. The rest of the provinces saw an increase.

That said, year over year, the trend is unlikely to remain downward for Ontario.

Quarter	Alberta	Atlantic Provinces	Ontario	Quebec	B.C.	Sask. & Man.
Q2 2026	11.9%	8.9%	4.2%	0.7%	1.9%	10.8%
Q1 2026	16.2%	10.8%	6.6%	4.0%	1.6%	11.2%
Q4 2025	13.5%	9.4%	4.3%	6.4%	1.7%	9.0%
Q3 2025	13.1%	7.3%	4.7%	11.2%	4.6%	8.9%
Q2 2025	9.5%	7.0%	5.0%	10.1%	1.0%	9.4%
Q1 2025	3.4%	4.2%	5.7%	9.6%	-5.9%	4.0%
Q4 2024	7.0%	4.5%	8.9%	8.5%	4.7%	7.9%
Q3 2024	5.5%	5.4%	10.4%	5.0%	7.6%	7.7%
Q2 2024	5.9%	7.9%	12.5%	4.7%	10.7%	8.3%
Q1 2024	10.4%	9.2%	12.7%	3.7%	18.3%	12.0%

Note: The percentages listed above are derived from comparing rates from one quarter to the same quarter in the prior year (e.g., Q2 2026 is compared to Q2 2025).

Source: The Applied Rate Index (Q2 2026)

What's driving Cambridge home insurance premium increases in 2026?

A recent study by Statistics Canada shows that intensification in extreme weather events in the last six years, combined with an increase in rebuilding costs, have led to significant challenges for insurers across Canada. Here are some highlights:

Factor #1: Extreme weather intensification

Cambridge has felt the effects of extreme weather firsthand. In June 2017, heavy rain of around 100 mm sent the Grand River surging, and the Grand River Conservation Authority reported that flows of this size through Cambridge hadn’t been seen since April 1975. More recently, on September 2, 2026, a powerful storm left around 13,000 GrandBridge Energy customers in Cambridge and North Dumfries without power.

As of now, there are no indications that this upward trend will reverse any time soon. Extreme weather is bound to only get worse in the future, with temperatures and precipitation continuing to increase at a rapid rate. Locally, Region of Waterloo Public Health projects that local weather will become warmer, wetter and more extreme, with more extreme heat days, more intense rainfall events and more freezing rain.

Factor #2: Surging rebuilding costs

As seen in the recent report by Verisk, residential rebuild costs in Ontario went up 23.8% from January 2021 to January 2026. As of 2026 Q1, YoY component costs are 3.8% higher across all of Canada, with Ontario sitting in the second place among the provinces at 4.4% YoY. The first spot belongs to British Columbia at 4.7% YoY.

Furthermore, due to a growing skilled trades shortage — as job vacancies are expected to climb at a rate of 13% between 2026 and 2045 — there’s a high chance that home rebuilding costs will remain elevated as well.

Factor #3: Profitability concerns

All these issues have resulted in profitability concerns and pushed insurers to increase their premiums. According to the study, homeowners’ home and mortgage insurance increased 45% from December 2019 to December 2025, outpacing even the all-items Consumer Price Index (inflation), which went up 21% over that time span.

The outlook is grim, yes, but that doesn't mean that consumers have no options. Comparison shopping is still the best way, by far, to secure a cheap premium. And like all things financial, price shopping should be a habit rather than a once-in-a-blue-moon activity.

Get the cheapest home insurance quotes by comparing the market

Your home might be the biggest purchase you’ll ever make. Protect it with a great home insurance policy. LowestRates.ca will bring you the cheapest house insurance quotes from all the top providers in your area.

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See how our customers in Cambridge save big on home insurance.

Type of home	Location	Previous claims	Lowest rate	Average rate	Saved
Quote from October 28, 2026 Type of home Detached 2,937 sq ft	Location Cambridge	Previous claims None	Lowest Rate $150/mth $1,800/yr	Average rate $243/mth $2,914/yr	Saved $93/mth $1,116/yr (38.00%)
Quote from October 28, 2026 Type of home Detached 1,620 sq ft	Location Cambridge	Previous claims None	Lowest Rate $137/mth $1,648/yr	Average rate $177/mth $2,118/yr	Saved $39/mth $468/yr (22.00%)
Quote from October 27, 2026 Type of home Detached 1,623 sq ft	Location Cambridge	Previous claims None	Lowest Rate $85/mth $1,023/yr	Average rate $139/mth $1,667/yr	Saved $54/mth $648/yr (39.00%)

Home insurance quotes are compared from CAA, Dominion Insurance, Economical Insurance, Gore Mutual, Max Insurance, Pembridge, SGI, and Wawanesa Insurance.

Tips on how to lower the cost of your home insurance policy in Cambridge.

Getting insurance for your home is easier than it may seem. To secure the lowest rate possible, the Financial Consumer Agency of Canada recommends following these steps when shopping for home insurance.

Compare home insurance quotes from various providers.

Ask your broker or agent about bundling your home and car insurance policies.

Ask your broker or agent about which discounts you qualify for.

You might be able to further reduce your by increasing your deductible (the amount you pay toward a claim before your insurance kicks in) and by offering to pay your insurance bill annually instead of monthly.

Increasing your deductible is a great way to save on home insurance in the short term. Just make sure you have money reserved for this purpose. Focusing on finding cheap quotes isn’t always a good idea. Having the right amount of coverage should always be the goal.

Factors that determine your home insurance quote in Cambridge.

Your home insurance policy will be customized to suit your needs and the property you’re insuring.

Home insurance premiums are determined by dwelling type (is it a single-family detached home, a house with a basement tenant suite, or a condo?). Insurance companies also try to predict the kind and size of claim you might make in the future.

Here are some of the criteria insurance companies look at when calculating the price of insurance for a home in Cambridge, or anywhere in Canada:

Contents and quality of construction.
Distance to a fire hydrant.
The age of your roof.
The location of your home.
The square footage of your home.
Your home’s electrical system.
Your home’s plumbing.
Your insurance claims history.

Your questions about homeowners insurance in Cambridge, answered.

What perils are specific to Cambridge?

Cambridge homeowners should carefully consider additional coverages to protect their homes against the effects of extreme weather.

Severe wind and thunderstorms are common in the area.

As a result, when you’re figuring out what insurance coverage to get for a home in Cambridge, we recommend that you closely consider flood coverage.

You’ll want to make sure that your home and its contents are protected in the event of an overland flood as well as against the effects of a sewer back-up – when water rises from the water table and interferes with your plumbing.

What perils does home insurance cover in Cambridge?

The perils you’re covered for depends on what sort of policy you purchase.

Comprehensive policies, which are also known as all perils policies, are popular because of the range of perils they protect against.

Typically, a comprehensive or all perils policy will protect against a wide range of perils, including:

Broken windows
Electrical current
Explosion
Falling objects (depending on cause)
Fire
Hail
Lightning
Smoke damage (except from your fireplace)
Theft
Vandalism
Water damage
Wind damage

What perils won’t property insurance cover in Cambridge?

Even a comprehensive policy can have exclusions for perils such as earthquake, flooding or damage from renters.

To make sure you have the protection you need, ask a broker about home insurance in Cambridge.

One will call you after you’ve used LowestRates.ca’s free online tool for quotes from 50+ of the best insurance home insurance providers in Cambridge.

What kind of home insurance do you need in Cambridge?

One of the most significant decisions you have to make around affordable home insurance in Cambridge is what coverage type to get. If you’re looking for the most amount of protection for your home and contents, a comprehensive policy is likely a good match for you.

You can add additional coverage for even more protection.

Due to the effects of climate change, we recommend that all homeowners closely consider getting flood protection.

If you’re unsure of what coverage type makes the best sense for you and your home, speak with a broker about how the three main types of home insurance are different: comprehensive, broad and basic.

At LowestRates.ca, we’ll answer all your questions for free and make recommendations so you can be confident you’ve got the best coverage at the lowest rate.

Start with our free online tool. In three minutes, it’ll reflect to you the current insurance rates for homes in Cambridge.

What can you do to save on home insurance premiums in Cambridge?

Part of having the best insurance for your home in Cambridge means you’re comfortable with the extent to which your home and its contents are protected.

To save on your overall rate, you can tailor your policy. You’ll pay less for less coverage.

You can also opt to increase your deductible, or change your payment schedule. When you pay up front, rather than monthly, you may be eligible for savings.

What are the best home insurance companies in Cambridge?

The details of a home insurance policy are more important than the brand name of the company that underwrites it.

The best home insurance rates for one Cambridge resident may not be so for another.

The key to getting the best coverage – including rate and carrier – is in making sure the policy you select aligns with your needs.

For example, if you don’t feel strongly that your contents need to be protected, you may not be comfortable paying more for a comprehensive policy when a basic policy will do.

Equally, if you only have a basic policy and your home is damaged by a peril that’s not covered, you’re not going to consider it a good policy.

What if I own a condo or rent? Can I still buy property insurance online?

Yes, home insurance is available for condos.

If you’re a renter, you’ll want to get tenant insurance.

The process of securing a policy is the same for each kind of coverage. Start by using LowestRates.ca to get an insurance quote online for your home in Cambridge.

A broker will contact you to help you customize the policy. You’ll be able to get answers for any question you have about home, condo or tenant insurance.

Taras Trofimov

About the Author

Taras is the Content Manager for LowestRates.ca. He has produced thought leadership content for organizations like Constellation Software, Facebook and Yellow Pages as well as outlets like The Globe and Mail, Autoblog and MSN Autos.