Compare the best home insurance quotes in Mississauga for free.

On average, Mississauga homeowners save hundreds of dollars per year by comparing quotes with us.

Get quotes from 50+ Canadian providers in 3 minutes.

Compare rates from Canada's leading home insurance providers

28,612 Canadians

have compared rates and saved money over the last 24 hours

What our users say:

June 2
Professionalism
The staff that spoke with me was patient and professional. She has a good human ...
Gbemisola Eyinfunjowo
June 2
Very clear explanation of coverages…
Very clear explanation of coverages available and receptive to understanding my ...
customer
June 2
quick response from multiple brokers…
quick response from multiple brokers with competitive quotes
Yan
June 1
Very helpful and to the point
Very helpful and to the point, an easy transition from my previous company and v...
Jody Deforge
May 31
I was looking for home and auto…
I was looking for home and auto insurance, received a quote online, and within s...
Ilda Faria
May 31
Great service
Great service
Russell Hall
May 27
Quick and easy
Quick and easy, quotes in minutes. Great customer service reps, helpful and know...
Mary
May 26
I was very leary about getting…
I was very leary about getting insurance through an online agency, but everythin...
Mr. Dubious
May 25
Very easy
Very easy! Call back right away and set up with new insurance provider fast and ...
Wendy Weber
May 19
First time driver
Made the insurance process easy and found the best price for me. Amazing custome...
Dylan Ingram
May 19
Very simple and quick
Very simple and quick
Shannah B
May 17
Helpful agent
Helpful agent. Made me feel like he was really trying to get me the lowest rate ...
Denise
May 17
Customer service was great
Customer service was great
Nur
May 17
This company a good comparison between…
This company made a good comparison between some insurance companies and this wa...
Reza Moemeni
May 17
Good service and information
Good service and information
Reta
May 17
questions answered
questions answered
Aaron Ridsdale
May 16
Excellent customer seevice
Excellent customer seevice
Dave Roach
May 13
Agent listened and answered all…
Agent listened and answered all questions. She was very thorough and quick!
Ben Reginella
May 11
Simply professional and pleasant
Simply professional and pleasant Thank you 👍
Eric Ifrah
May 11
Very polite and explained themselves…
Very polite and explained themselves well
Marilyn Bergeron
May 10
Easy & Professional
Easy, fast, efficient & professional.
Nancy
May 9
Great service
Great service Very pleasant to talk to
Joesph Vachon
May 6
Fast and easy
They phoned me literally within 30 seconds after my search and helped answer all...
Haley Adkins
May 5
I got the lowest rates I was looking…
I got the lowest rates I was looking for. Thank you.
Muhammed Ibrahim

How comparing home insurance quotes works. Hint: it’s free!

Compare

Next, we’ll show you quotes from 50+ Canadian providers. It’s free, with no commitment.

Save

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

How we find you the best home insurance in Mississauga.

Mississauga is home to more than 820,000 people who live in a variety of housing types, including detached homes, townhouses, condos, and apartments.

Mississauga is home to more than 820,000 people who live in a variety of housing types, including detached homes, townhouses, condos, and apartments.

Buying a home in Mississauga is a big investment and you'll want to protect it. Even though home insurance is not legally mandatory, purchasing a policy is highly recommended, and often necessary to qualify for a mortgage. But as is the case with any financial product, you don't want to overpay. So how can you get cheap home insurance in Mississauga?

At LowestRates.ca, we’ll give you all the information you need so you can make the best decision regarding homeowners insurance in Mississauga. When you’re ready, you can compare home insurance quotes from many of Mississauga’s top home insurance providers. Our insurance quoter will compare the market for you and put you in touch with a home insurance broker in Mississauga offering you the lowest rate. And there you have it: you now have access to the best home insurance rates in Mississauga.

Outline of a house. Illustration.

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

Type of homeLocationPrevious claimsLowest rateAverage rateSaved
Quote from June 04, 2023
Type of home
Detached 2,826 sq ft
Location
Mississauga
Previous claims
None
Lowest Rate
$93/mth
$1,120/yr
Average rate
$168/mth
$2,015/yr
Saved
$75/mth
44.00%
Quote from June 03, 2023
Type of home
Detached 2,964 sq ft
Location
Mississauga
Previous claims
None
Lowest Rate
$102/mth
$1,219/yr
Average rate
$167/mth
$1,999/yr
Saved
$65/mth
39.00%
 

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

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 Mississauga

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.

Your home insurance questions, answered.

How much is home insurance in Mississauga?

It’s difficult to pin down the average cost of home insurance in Mississauga. Home insurance providers evaluate risk differently and therefore charge different premiums. That said, getting multiple quotes will give you a good idea of what home insurance costs in Mississauga.

Start by going online to compare home insurance quotes in Mississauga. We allow you to compare multiple home insurance policies quickly and easily using our quoter. In order to get an idea of what current home insurance rates are in Mississauga, just fill out the quoter and compare home insurance quotes from 50+ Canadian insurance providers.

What kind of risks are specific to Mississauga?

No two Canadian cities are the same when it comes to weather. And for that reason, the price of home insurance in Mississauga will be different than, say, Winnipeg, based on the weather risks the city faces year-round.

Property insurance risks specific to Mississauga include:

  • Flooding. Mississauga gets hit by strong thunderstorms in the spring and summer, which can cause flash flooding. Melting snow can also cause the city’s many rivers and creeks to swell, resulting in overland flooding.
  • Wind damage. Massive wind storms have been increasing in frequency in Southern Ontario. These storms have been known to rip off roofs and doors and bring trees down onto houses.
  • Tornadoes. Although not a regular summer occurrence, tornadoes have touched down in Mississauga before.

What kind of home insurance coverage can I get in Mississauga?

In most cases home insurance will cover:

Your Personal Effects: Clothes, appliances, furniture, electronics, artwork, jewellery, etc.

Additional Living Expenses: Should you need to vacate your home for a time during an insured loss.

Dwelling Rebuilding: The foundation, walls, windows, doors, roof and flooring of your home.

Personal Liability: This covers you in case someone else gets injured while on your property and sues you. Little do many homeowners know, this type of coverage will also cover your liability if you’re determined to be responsible for property damage anywhere in North America.

In most cases, Mississaugans will be covered for the following risks:

  • Vehicle or aircraft impact.
  • Electrical current.
  • Fire or lightning.
  • Smoke damage (as long as it’s not caused by a home fireplace).
  • Theft.
  • Wind and hail.
  • Water damage (except damage that’s caused by an external source).
  • Falling objects (unless it’s triggered by a landslide, avalanche or earthquake).
  • Explosions.
  • Broken windows.

Mississauga is a growing city, but it's still more spread out than nearby Toronto. The lack of urban density means homes are typically larger than ones in Toronto's core. This is important to take into account when you’re deciding how much home insurance coverage to buy. The more square footage your home occupies, the more it will cost to insure. Also, the wealthier you are, the higher the likelihood you’ll have valuable contents. You may want to consider asking for higher limits on your policy so you can afford to replace those items should they ever be damaged or stolen.

What risks won’t home insurance cover in Mississauga?

Unfortunately, home insurance doesn’t cover everything. In most cases the following will not be covered:

  • Flooding or water damage caused by floodwater.
  • Earthquakes, avalanches & landslides.
  • Sewage backup.
  • Damage from frozen indoor plumbing.
  • Damage from freezing outside the home.
  • Damage caused by rodents, birds, raccoons, vermin or insects.
  • Losses caused by war, terrorism or nuclear risks.
  • Damage to illegally acquired property.

While most policies won’t include flooding and sewer backup coverage, our internal experts advise against purchasing a policy without these add-ons.

What kind of home insurance do you need in Mississauga?

There are a few policy types to suit your needs and your budget.

Comprehensive - This is the most expensive option but also covers the most and offers you the most peace of mind. It covers the dwelling and contents for all perils and losses, except for those you or your insurer specifically exclude from the policy. Make sure to check your policy to fully understand which perils are not covered.

Basic or Named Perils - This type of policy covers your dwelling and contents from perils and losses that are specifically chosen and named in the policy.

Broad - This policy type falls somewhere in-between a basic and a comprehensive policy. It protects the dwelling against all risks of direct physical loss or damage (unless specifically excluded from the policy) but it only insures your contents from specifically named perils in the policy.

No Frills - The most basic policy available for properties that don’t meet normal underwriting standards.

In addition to these policy types, you can purchase additional coverage. It’s what the insurance industry refers to as endorsements. These add-ons protect you from things like overland flooding, sewage backup, and earthquakes. Endorsements top-up the limits you already have on your normal home insurance policy.

What can you do to save on house insurance in Mississauga?

There are many factors that determine home insurance premiums in Mississauga. And that’s a good thing, because it means there are also many ways for you to lower your rate. After all, who wouldn’t want to snag the most affordable home insurance in Mississauga?

Most home insurance providers in Mississauga offer discounts for some or all of the following:

  • Bundling home and auto insurance policies.
  • Installing an alarm system.
  • Increasing your deductible. This is the amount you pay out of pocket first for damages.
  • Being an alumnus of certain post secondary institutions or being a union member.
  • Being claims-free.
  • Being a senior citizen.
  • Installing smoke alarms throughout the home.
  • Buying a new-build home. Generally, the newer the home, the lower the premiums.
  • Being in a safe neighbourhood. Look into crime rates and your distance from a fire station (living in close proximity to a fire hydrant or fire station can result in discounts).

Even if you qualify for one or more of these discounts, make sure to shop around and compare for the best home insurance rates in Mississauga. A rate comparison site like LowestRates.ca gives you home insurance estimates from Mississauga’s top companies so you can make an informed decision.

What are the best home insurance companies in Mississauga, Ontario?

Everyone has different needs, different budgets, and different expectations from their home insurance provider. The most important thing is that you find the right company and policy for you, which means getting multiple quotes and doing research on insurance companies.

Some simple ways to ensure you are considering a reputable company is to do a Google search with the company name plus words like “scam” “scheme” or “fraud.” See if any news articles or complaints come up. You can also check with the Better Business Bureau to make sure there are no complaints filed against the companies on your shortlist. And finally, don’t be afraid to ask your agent or broker any questions that come to mind — a reputable agent or broker will take the time to address any concerns rather than pressure you into a policy.

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

You’re in luck! LowestRates.ca offers policies to renters and condo owners. If you’re on the market for either of these policies, you can actually fill out the property insurance form above and select the Condo Insurance or Renters Insurance option on the first page. If you’re looking for more information about either of these products, feel free to visit either our dedicated Condo Insurance or Renters Insurance pages.

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.

Read More

Home insurance news

Read More Like This