Compare home insurance quotes in Nova Scotia for free.

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

Get quotes from 75+ Canadian providers in 3 minutes.

Compare rates from Canada's leading home insurance providers

26,418 Canadians

have compared rates and saved money over the last 24 hours

What our users say:

Excellent
Based on 429 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

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

Compare

Next, we’ll show you quotes from 75+ Canadian providers. It’s free, with no commitment.

Save

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

How we find you the best home insurance quotes in Nova Scotia.

Home insurance protects what is likely your largest investment — your home — and it can protect the valuable items inside it, too. While home insurance may not be legally required in Nova Scotia, it’s highly recommended. Many lenders won’t approve a mortgage until proof of home insurance is provided.

Many reputable insurance companies in Nova Scotia offer home coverage and each one will charge a different rate for different amounts of coverage. So when it comes to choosing a company, comparing the market can help you save a lot of money. At LowestRates.ca, we make doing that easy. In just a few minutes, you can compare home insurance quotes from 75+ of Canada's top insurance providers.

Outline of a house. Illustration.

See how much you could be saving on home insurance.

Type of homeLocationPrevious claimsLowest rateAverage rateSaved
Quote from May 26, 2022
Type of home
Detached 864 sq ft
Location
Hillsburn
Previous claims
1
Lowest Rate
$87/mth
$1,042/yr
Average rate
$151/mth
$1,807/yr
Saved
$64/mth
42.00%
Quote from May 26, 2022
Type of home
Detached 1,837 sq ft
Location
Brooklyn
Previous claims
None
Lowest Rate
$125/mth
$1,498/yr
Average rate
$195/mth
$2,337/yr
Saved
$70/mth
36.00%
 

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

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 Nova Scotia

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 Nova Scotia.

 

What affects home insurance rates in Nova Scotia?

Home insurance will pay to replace the structure of your home, as well as cover emergency accommodations if you’re temporarily unable to live in your home. Depending on your policy, your insurance will also pay to replace your home’s contents, including items like furniture, electronics, clothing, jewelry, and more. Home insurance does not reimburse policyholders for the market value of the home. Insurers only contribute toward the cost of rebuilding the structure using comparable materials.

There are many factors that contribute to the cost of home insurance. Here's a few to start:

  • Your home’s proximity to a fire hydrant or fire station.
  • The structural integrity of your home.
  • The age of your home.
  • Whether you have a security system installed.
  • Your insurance claims history.
  • The age and quality of your home’s plumbing system.
  • The state of your home’s electrical system.

Policy type, as well as your insurance and claims history, is another factor. You’ll qualify for a low rate if you’ve had a policy in the past, have been diligent about renewing it before the expiration date, and have never filed a claim.

Insurers in Nova Scotia are allowed to use your credit score while calculating your premium. The argument is that the lower a person’s score, the more risk they present and vice versa. Not every insurer will ask to see your credit score, though.

Another detail that consumers overlook is the company’s risk pool. Each insurer has a different tolerance to risk. Some are conservative and have stricter underwriting standards. That makes the company more likely to offer coverage to people who are the least likely to file a claim. If you have a long history of claims, you’re likely not the target consumer, and you’ll be charged a higher premium than the insurer’s ‘ideal’ customer.

How do you find out which insurer is right for you? Your insurance agent can guide you toward a more lenient insurer. Another good place to start is to compare rates — you’ll immediately be able to see the spread between premiums.

Risk factors in Nova Scotia

Surrounded by the Atlantic Ocean, Nova Scotia’s scenic beauty is undeniable. But with it being a Maritime province, homeowners need to prepare for severe weather events which occur year-round.

Hurricanes

Nova Scotia is situated in the northernmost limit of the Atlantic hurricane system. Hurricane season runs from June to November, with the most activity occurring in September and October. Hurricanes can cause extensive damage to property with high winds that can uproot trees, remove roofs, and down power lines. Hurricanes don’t actually make landfall in Nova Scotia all that often — according to Environment Canada, it’s the remnants of these storm systems that reach Canada’s East Coast, bringing with them strong winds and heavy rains.

Regions at highest risk: Communities along the eastern coast of Nova Scotia are particularly vulnerable to severe storms.

Flooding

Nova Scotia gets a lot of precipitation, be it from hurricanes or winter storms. The sudden melting of large amounts of snow and ice in the spring can trigger flash flooding inland.

Regions at highest risk: The low-lying town of Annapolis Royal, situated on the southern shore of the Bay of Fundy, has been identified as being particularly at risk for flooding.

What kind of coverage do you need in Nova Scotia?

There are a few different types of home insurance policies available to homeowners in Nova Scotia:

Comprehensive - This policy gives you complete coverage for your dwelling and the contents inside for the majority of perils. It’s the most expensive option you can purchase but it will also give you the most peace of mind.

Basic or Named Perils - This policy will cover the home and its contents from specifically named perils in the policy.

Broad - This policy is in-between basic and comprehensive, it covers the dwelling from most perils but only covers the contents from specifically named perils.

No-Frills - The most basic policy available and it's usually only recommended for properties that don’t meet the normal underwriting standards.

In addition to these policy types, you can purchase supplemental coverage through something called an endorsement. These are add-ons that top up the limits on your base policy and offer coverage from perils that are normally excluded from it. Perils covered by endorsements include overland flooding, sewage backup, and earthquakes.

Who regulates the home insurance industry in Nova Scotia?

In Nova Scotia, the Office of the Superintendent of Insurance regulates the insurance industry and offers assistance to consumers on insurance related matters. The OSI has the power to investigate insurance companies and brokers’ actions.

If an insurer has denied your claim and you want to appeal the decision, you must file a complaint with the OSI, which also handles dispute resolution.

What can you do to save on home insurance in Nova Scotia?

Housing costs in Nova Scotia are still relatively affordable compared to other provinces. Even still, being a homeowner is expensive. Here are some ways you can save on the cost of home insurance:

  • Purchase your auto and home insurance through the same company. This is called bundling and most companies will offer a discount for doing it.
  • If you have good credit, you can ask your provider to run a credit check and see if they provide a discount for customers with good or excellent scores.
  • Purchase a new-build home. Generally speaking, the newer the home, the lower the insurance premium.
  • Install a home alarm system.
  • Look at increasing your deductible (this is the amount you pay out-of-pocket when you make a claim).
  • Some insurers offer discounts to senior citizens.
  • Install working smoke detectors throughout your home.
  • Oftentimes being an alumnus of certain post-secondary institutions or a member of a union can net you a discount.
  • Purchase a home that’s in the vicinity of a fire station or a fire hydrant.
  • Living in an area with low-crime can also result in cheaper premiums.
  • Shop around and compare.

What companies offer the best home insurance in Nova Scotia?

Everyone will have a different answer to this question because every household’s personal risk tolerance will be different. There is no one size fits all solution when it comes to home insurance in Nova Scotia and therefore, no one company is the best. But there are ways to ensure you’re only considering the most reputable ones.

First, check out the Better Business Bureau for any complaints filed against a company you’re interested in. You can also do a Google search for the company's name along with terms like “fraud” or “scam.” This will bring up relevant news articles if there are any. And finally, don’t be afraid to ask your agent or broker questions. They should be happy to go through any concerns you might have and should never coerce you into purchasing a policy.

Here are a few of the major insurance providers in Nova Scotia:

  • Intact Home Insurance.
  • Belair Direct Home Insurance.
  • Allstate Home Insurance.
  • Johnson Home Insurance.
  • Cooperators Home Insurance.

Home insurance news

Read More Like This