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What our users say:

Excellent
Based on 331 reviews
June 22
Highly recommended
Excellent customer service. Was very patient and answer my customers toughly. Fo...
Karan Parmar
June 18
Chelsea was very helpful
Chelsea was very helpful, answered all my questions and set me up hassle free. S...
Chris
June 14
its the easiest thing in the world to…
its the easiest thing in the world to find insuance that isn't going to burn the...
ann watson
June 11
Very nice broker
Very nice broker. Good service. Found a great deal.
Meredith Berggren
June 5
Awesome work
wow what an awesome rep. He did up everything, extremely fast and was very under...
Delroy Paul
May 26
Quick service
Quick service, good price
dl
May 22
Imad Harrouk was great !
Imad Harrouk was great ! intelligent well spoken professional polite a perso...
james bannon
May 21
Imad Harrouk helped me get the best…
Imad Harrouk helped me get the best home and auto bundle insurance quote. He was...
Amanda Moskowitz
May 20
Excellent !!! Very competitive rates !!
Excellent customer services also they have very competitive rates !!
Eliza Gallant
May 18
I was treated fairly and walked through…
I was treated fairly and walked through my purchase.I enjoyed the agent was exce...
paul neville
May 17
Highly Recommended !
I spoke with Mr. Imad Harrouk of DirectRate for quotes on my car and condo insur...
HL
May 14
Highly recommend
Great experience, simple to use and they gave me a lot of options at prices that...
Chandra Wilson
May 13
Amazing service
Amazing service, Sonia is patient and helpful. Can not complain. I am happy with...
Miroslav Adalbert Elias
May 12
Meghan Ford helped me and she was…
Meghan Ford helped me and she was amazing. I saved $160/month between home and a...
Bruce
May 11
Easy
Easy, clear and fast. Very effective.
Rene Izquierdo de la Cruz
May 6
Sonia was very helpful and nice…
Sonia was very helpful and nice throughout the whole process. She got me the bes...
Ali Al-Rubayee
May 6
I got a hassle-free quick quote from…
I got a hassle-free quick quote from good insurance companies. This site is very...
Sisil
May 6
Very friendly and professional
Very friendly and professional. She always try to help. Really appreciate.
Binod Shrestha
May 5
Imad was extremely helpful and patient…
Imad was extremely helpful and patient with all our requests. He listened to our...
Guy St-Pierre
May 5
He was so amazing
He was so amazing. He went out his way to help me. He deserves a raise Very po...
Shahin Abbaskhan
April 27
Great rates!
Ryan was very helpful and polite.He went all out to find me the best rate. He wa...
Linda Shelton
April 22
Wonderful experience!!!
My call started off with simple inquiries about the quote i recieved. I spoke wi...
emily murray
April 22
The service was excellent
The service was excellent. Emad provided awesome service for me.
John Bowden
April 19
Fast and professional customer service
Fast and professional customer service. All of my questions were answered and I...
P COSTANTINI
April 16
Chelsea was very helpful and a pleasant…
Chelsea was very helpful and a pleasant person to deal with.
Keith Tarala
April 16
Daina is very professional and very…
Daina is very professional and very helpful! Helped me find auto and home insura...
Mark
April 15
Amazing Service
Daina was amazing so quick and easy and explained everything so so well! I was ...
Tara Schaffner
March 30
You will be hard pressed to find an…
You will be hard pressed to find an online service as accurate, fast, and easy t...
Frederick Armentia

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When you find the best quote, secure your Manitoba home insurance rate by talking to a licensed broker or agent.

How we find you the best home insurance quotes in Manitoba.

If something happens to your home and possessions, it’s great to know that you have home insurance. Comparing insurance is important before you buy because different lenders will offer you different rates based on your desired coverage. Sites like LowestRates.ca compares the Manitoba market and connects users with brokers who can offer the best rates in the province.

Buying home insurance doesn’t have to be complicated. We answer some of the most common questions about home insurance below.

Outline of a house. Illustration.

See how much you could be saving on home insurance.

Type of homeLocationPrevious claimsLowest rateAverage rateSaved
Quote from August 01, 2021
Type of home
Detached 1,015 sq ft
Location
Winnipeg
Previous claims
None
Lowest Rate
$53/mth
$630/yr
Average rate
$83/mth
$995/yr
Saved
$30/mth
37.00%
Quote from August 01, 2021
Type of home
Detached 1,058 sq ft
Location
Winnipeg
Previous claims
None
Lowest Rate
$60/mth
$722/yr
Average rate
$105/mth
$1,258/yr
Saved
$45/mth
43.00%
 

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

Getting insurance for your home is easier than you think. To get 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 — now that should always be the goal.

Factors that determine your home insurance quote in Manitoba

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-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 your premium.

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

What you need to know about home insurance in Manitoba.

 

What affects home insurance rates in Manitoba?

Home insurance ensures homeowners have adequate coverage for replacement costs in the event of serious damage due to environmental causes, theft of valuable possessions or accidents. While it’s not mandatory to have home insurance, if you do have a home with a mortgage, most lenders require you to have a valid home insurance policy. So while it’s not required, it’s important to have because it covers:

  • The costs to replace the structure of your home and its contents. It doesn’t cover the market value of the home.
  • Personal liability of you (the policyholder), your spouse, children, dependents under 18 and any dependents who are enrolled and attending a school or post-secondary institution who may not be living in the home.

There are a variety of factors that affect the cost of your premium. They include:

  • The replacement costs for your home and its contents.
  • Your claims history.
  • Where you live. Insurers track the type, cost and number of claims by neighbourhood.
  • Proximity to water because the closer you are to a fire hydrant, the quicker a fire can be extinguished and the lower the costs to restore your home.
  • Electricity. Most insurers won’t insure homes with knob-and-tube or aluminum wiring.
  • The age and material of your pipes. Insurers prefer homes with plastic or copper pipes instead of lead.
  • The age of your roof. The older the roof, the higher the chance of leaks.
  • Wood stoves which can be a source of fire and carbon monoxide.
  • Other residences on your property such as a granny suite or tiny home.
  • Pools and security systems.

Risk factors in Manitoba

When it comes to home insurance, every province has its own risk factors and Manitoba has quite a few.

Wildfires

Homeowners can face wildfires, which can start in any part of the province. Some have occurred in the northern part of the province in the Red Lake area and others have happened further south. Manitoba also has freezing temperatures, which isn’t a surprise. Temperatures drop as low as −40 °C for several days which can cause pipes to freeze and burst.

Regions at highest risk: Because of the region’s vast grasslands, southern Manitoba experiences frequent forest fires during the summer. Regardless, the entire province is considered at-risk for forest fires, according to the provincial government.

Tornadoes

Tornadoes are another environmental risk factor. The province sits in what the University of Winnipeg calls the ‘northern end of Tornado Alley,’ which starts at the Gulf of Mexico. The province has on average seven to 10 tornados a year, most which tend to land in southern Manitoba.

Regions at highest risk: Communities in southern Manitoba — starting roughly around the City of Dauphin and straight down to Winnipeg — are most at risk for tornadoes.

Overland flooding

Manitoba also suffers from overland flooding that affects basements, foundations, sewage systems and farmland. The Red River is one such example. It has flooded multiple times since 1826.

Regions at highest risk: All communities along the banks of the Red River, which flows north from Minnesota and empties into Lake Winnipeg, should prepare for annual flooding.

What kind of coverage do you need in Manitoba?

There are four main types of home insurance policies available to homeowners in the province.

Comprehensive - This type of policy provides risk coverage for your home and its contents, so accidental damage would be covered.

Basic - A basic policy only protects your home against perils that are specifically named in the policy.

Broad - This policy provides all-risk coverage for your home but only named perils coverage for the contents inside your home. You won’t be covered for accidental damage to your contents.

No-Frills - This type of policy is recommended for homes that don't meet underwriting standards (e.g., homes with significant structural issues).

Based on Manitoba’s risk factors, homeowners can also purchase extended water coverage, which insures any water damage or sewer backup due to an overflow from an outside drain or sewer. This type of optional coverage is what's referred to as an endorsement, and they're also available for tornadoes and overland flooding.

Who regulates the home insurance industry in Manitoba?

The Insurance Council of Manitoba (ICM) regulates the home insurance industry in the province. The ICM establishes professional business standards and sales practices and regulates and approves rate changes. It also provides professional development and news updates for insurance agents and adjusters. Members are appointed for three-year terms by the Minister of Finance.

The ICM lets homeowners search for licensed agents, provides information on how to work with an agent and also conducts investigations into any complaints made by the public against insurance agents and adjusters.

What can you do to save on home insurance in Manitoba?

If you’re looking to lower the cost of your premium:

  • Install a security system.
  • Pay your premiums annually instead of monthly.
  • Buy a new (or newer) home.
  • Buy only what you need. You may not need tornado insurance but you might need overland flooding insurance.
  • Increase the deductible.
  • Bundle your home, auto and life insurance.
  • Comparison shop before you buy.

What companies offer the best home insurance in Manitoba?

There is no single answer to this question as everyone’s home insurance needs are different. The short answer is the right company is the one that offers you the best rate for the type of coverage you need. Some of the major insurance companies in Manitoba include:

  • The Co-operators.
  • Great-West Life Assurance Company (founded in Winnipeg in 1891).
  • Intact Insurance.
  • Wawanesa Insurance.
  • Johnson Insurance.

Always compare before you buy so you get the best rates. Reputable insurers will ask you a series of questions about your home before giving an estimated rate, so make sure to know the size and age of your home, when any repairs were done, the type of electrical work and pipes, the age of your roof, the type of water heater you have, where your furnace is located and the type of foundation you have in your home. This ensures you get the correct amount of coverage.

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