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How much does Ontario home insurance cost in 2026?

Home insurance in Ontario costs around $1,875 – $2,170 per year as of 2026, according to LowestRates.ca’s latest quoter data.

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

Ontario home insurance premiums by city (2026)

Rank	City	Annual premium (lowest – highest)
1	Burlington	$1,440 – $1,770
2	Guelph	$1,320 – $1,970
3	Newmarket	$1,510 – $1,880
4	Ajax	$1,320 – $2,080
5	Whitchurch-Stouffville	$1,620 – $1,780
6	Stratford	$1,590 – $1,820
7	Fergus	$1,370 – $2,050
8	Vaughan	$1,420 – $2,000
9	Richmond Hill	$1,510 – $1,920
10	Waterloo	$1,330 – $2,130
11	Oshawa	$1,420 – $2,050
12	Waterdown	$1,580 – $1,890
13	East Gwillimbury	$1,690 – $1,780
14	Courtice	$1,700 – $1,780
15	Whitby	$1,420 – $2,070
16	Orangeville	$1,620 – $1,910
17	Amherstview	$1,520 – $2,050
18	Kitchener	$1,320 – $2,270
19	Markham	$1,500 – $2,090
20	Uxbridge	$1,570 – $2,030
21	Aurora	$1,720 – $1,880
22	Acton	$1,700 – $1,910
23	Barrie	$1,630 – $1,990
24	St. Catharines	$1,590 – $2,040
25	Shelburne	$1,480 – $2,170
26	Cambridge	$1,320 – $2,360
27	Kingston	$1,620 – $2,070
28	New Hamburg	$1,800 – $1,890
29	Mississauga	$1,530 – $2,180
30	Perth	$1,660 – $2,050
31	Caledon	$1,480 – $2,240
32	Halton Hills	$1,420 – $2,310
33	Hamilton	$1,450 – $2,290
34	Pickering	$1,570 – $2,170
35	Gananoque	$1,690 – $2,050
36	King City	$1,750 – $1,990
37	Milton	$1,330 – $2,420
38	Oakville	$1,410 – $2,360
39	Scarborough	$1,510 – $2,270
40	Port Hope	$1,730 – $2,050
41	Kanata	$1,620 – $2,170
42	Napanee	$1,750 – $2,050
43	Clarence-Rockland	$1,820 – $1,980
44	Newcastle	$1,630 – $2,180
45	Brant	$1,640 – $2,170
46	Smithville	$1,580 – $2,240
47	Winchester	$1,840 – $1,980
48	Branchton	$1,590 – $2,240
49	Niagara Falls	$1,590 – $2,260
50	Ingersoll	$1,810 – $2,050
51	Welland	$1,610 – $2,260
52	Georgina	$1,630 – $2,240
53	Sunderland	$1,750 – $2,120
54	Bradford West Gwillimbury	$1,910 – $1,960
55	Mount Albert	$1,700 – $2,180
56	Brantford	$1,630 – $2,260
57	Carleton Place	$1,840 – $2,050
58	Elmira	$1,890 – $2,010
59	Port Colborne	$1,920 – $1,980
60	Sundridge	$1,670 – $2,240
61	Delhi	$1,740 – $2,170
62	Tillsonburg	$1,860 – $2,050
63	Pelham	$1,930 – $1,980
64	New Tecumseth	$1,880 – $2,050
65	Cornwall	$1,680 – $2,260
66	Belleville	$1,700 – $2,240
67	Cobourg	$1,780 – $2,160
68	Hagersville	$1,900 – $2,050
69	Bowmanville	$1,700 – $2,260
70	Pembroke	$1,700 – $2,260
71	Peterborough	$1,730 – $2,240
72	Prescott	$1,980 – $1,990
73	Brampton	$1,630 – $2,350
74	Lucan	$1,830 – $2,170
75	Saint Marys	$1,950 – $2,050
76	Russell	$1,920 – $2,090
77	Penetanguishene	$1,960 – $2,050
78	Windham Centre	$1,790 – $2,240
79	Listowel	$1,980 – $2,050
80	Midland	$1,990 – $2,050
81	Owen Sound	$2,000 – $2,050
82	Grimsby	$1,800 – $2,260
83	Stirling	$1,980 – $2,080
84	Woodstock	$1,820 – $2,250
85	Harriston	$1,920 – $2,170
86	Simcoe	$2,040 – $2,050
87	Petawawa	$1,860 – $2,240
88	Thorold	$1,930 – $2,170
89	Vankleek Hill	$1,980 – $2,130
90	North York	$1,520 – $2,600
91	Bolton	$1,960 – $2,160
92	Meaford	$2,050 – $2,080
93	Fort Erie	$1,900 – $2,240
94	London	$1,740 – $2,410
95	Orillia	$1,750 – $2,410
96	Hawkesbury	$2,050 – $2,120
97	St. Thomas	$1,870 – $2,310
98	Smiths Falls	$2,050 – $2,130
99	Port Perry	$1,960 – $2,240
100	Stayner	$1,960 – $2,240
101	Quinte West	$2,050 – $2,150
102	Wallaceburg	$2,050 – $2,180
103	Huntsville	$1,690 – $2,550
104	Kincardine	$1,910 – $2,330
105	Renfrew	$2,050 – $2,190
106	Arnprior	$2,060 – $2,180
107	Innisfil	$1,990 – $2,260
108	Kawartha Lakes	$2,050 – $2,200
109	Parry Sound	$1,960 – $2,320
110	Phelpston	$2,040 – $2,240
111	Hanover	$2,050 – $2,240
112	Lambton County	$2,060 – $2,240
113	Thornbury	$2,060 – $2,240
114	North Bay	$1,630 – $2,680
115	Etobicoke	$1,770 – $2,540
116	Chatham	$2,050 – $2,260
117	Goderich	$2,070 – $2,240
118	Mitchell	$2,050 – $2,270
119	Amherstburg	$2,080 – $2,240
120	Arden	$2,080 – $2,240
121	Elizabethtown	$2,100 – $2,240
122	Springwater	$2,170 – $2,170
123	Gravenhurst	$1,800 – $2,550
124	Orono	$2,110 – $2,240
125	Milbrook	$2,120 – $2,240
126	Dresden	$2,110 – $2,260
127	Toronto	$1,670 – $2,710
128	Flesherton	$2,150 – $2,240
129	Nepean	$1,690 – $2,710
130	East York	$1,860 – $2,550
131	Collingwood	$2,050 – $2,370
132	Strathroy	$2,050 – $2,370
133	Brockville	$2,180 – $2,240
134	Bobcaygeon	$2,190 – $2,240
135	Sarnia	$2,050 – $2,410
136	Wasaga Beach	$2,200 – $2,260
137	Coldwater	$2,220 – $2,240
138	Port Stanley	$2,170 – $2,300
139	Kemptville	$2,240 – $2,250
140	Lakefield	$2,240 – $2,260
141	Salford	$2,240 – $2,270
142	Beachburg	$2,250 – $2,260
143	Mckellar	$1,840 – $2,680
144	Aylmer	$2,050 – $2,480
145	Dorchester	$2,050 – $2,480
146	Ottawa	$1,510 – $3,080
147	Utterson	$1,940 – $2,680
148	Verner	$1,930 – $2,740
149	Bracebridge	$2,120 – $2,550
150	Essex	$2,020 – $2,660
151	Thunder Bay	$2,020 – $2,680
152	Kingsville	$2,260 – $2,450
153	Leamington	$2,260 – $2,450
154	Windsor	$1,910 – $2,810
155	James	$2,190 – $2,550
156	Val Caron	$2,280 – $2,550
157	Torrance	$2,100 – $2,740
158	Emo	$2,290 – $2,550
159	Kenora	$2,290 – $2,550
160	Caledonia	$2,240 – $2,740
161	Ingolf	$2,450 – $2,550
162	Lively	$2,330 – $2,740
163	Dryden	$2,410 – $2,670
164	Espanola	$2,550 – $2,560
165	Kilworthy	$2,430 – $2,740
166	Iroquois Falls	$2,450 – $2,800
167	Fort Frances	$2,550 – $2,700
168	Neebing	$2,590 – $2,660
169	Elliot Lake	$2,550 – $2,710
170	Garson	$2,550 – $2,710
171	Red Lake	$2,550 – $2,730
172	Kirkland Lake	$2,550 – $2,750
173	Timmins	$2,470 – $2,850
174	Sault Ste. Marie	$2,260 – $3,070
175	Sturgeon Falls	$2,550 – $2,780
176	Mississagi River 8	$2,600 – $2,740
177	Sioux Lookout	$2,550 – $2,800
178	Hanmer	$2,550 – $2,840
179	Beardmore	$2,680 – $2,750
180	Wawa	$2,680 – $2,800
181	Minaki	$2,680 – $2,850
182	Cochrane	$2,680 – $2,870
183	Little Current	$2,740 – $2,810
184	South Porcupine	$2,680 – $2,880
185	Kapuskasing	$2,740 – $2,880
186	Sudbury	$2,340 – $3,400
187	Chelmsford	$2,680 – $3,290

Ontario annual premium (lowest – highest):
$1,875 – $2,170

The outlook on Ontario's home insurance premiums in 2026

Home insurance premiums in Ontario are up in 2026 and are likely to continue to climb 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 Ontario's 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

Ontario has felt the effects of extreme weather firsthand: the July 2024 flash flood in Toronto and surrounding areas alone caused an estimated $940 million in insured damage, and the March 2025 ice storm, which also impacted Quebec, added $466 million more.

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.

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.

Components of home insurance coverage in Ontario

There are several different aspects to any home insurance policy, regardless of what type you purchase.

Here, we break them down, highlighting each so that you’re empowered to select coverage that suits your property and lifestyle needs.

Building/property coverage: Most home insurance policies include protection for each building on the property, including the primary dwelling as well as detached buildings such as a shed or garage.
Contents: Most comprehensive home insurance policies include protection for the contents of your home. This means that if they’re damaged by a covered peril, you’ll receive financial compensation.
Personal liability: Personal liability coverage is a part of most homeowners insurance policies, including tenant insurance for rental apartments as well as condo insurance.
It protects the policyholder and anyone who lives in the insured property if someone is injured by their negligence anywhere in North America.
Personal liability coverage includes protection for bodily injury and coverage for property damage.
While bodily injury aspect of liability coverage will pay for damages awarded to someone who’s injured at the insured’s home, property damage will cover costs if the policyholder damages someone else’s property.
When you purchase a home insurance policy, it’s standard to receive liability protection to a limit of $1,000,000. However, experts often recommend that homeowners increase their limit to $2,000,000 because of how costly medical and legal expenses can quickly become.
Additional living expenses: If your policy includes coverage for Additional Living Expenses (ALE), the costs associated with your displacement from home following an insured loss will be covered. For example, the cost of staying at a hotel while your home is repaired following a fire would be covered.

Most home insurance policies include coverage for common perils such as fire, wind, hail, lightning strike, water damage and explosion. In addition, most include liability protection. However, if you’re looking for the most coverage possible, consider adding coverage. Some of the most common add-ons include flood protection, earthquake and sewer back-up.

As incidents of severe weather become more and more common across Ontario, we recommend that every homeowner seriously consider adding flood protection to their home insurance policy. It’s usually considered an exclusion meaning that in the event of a flood, protection will not be available.

Factors that determine your home insurance quote in Ontario

Home insurance premiums are determined by several factors. Some of the most important factors include location, proximity to water and dwelling type. For example, is the home on the shores of a lake that has a history of flooding? 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 they look at when calculating your premium:

The square footage of your home: In general, you’ll pay more for more coverage. You’ll likely pay more for a 5,000 square foot home than for a 1,000 square foot condo.
The location of your home: Insurance costs will be greater in areas with a history of flooding. Similarly, if your home is in a neighbourhood with a high crime rate, you could pay more.
Distance to a fire hydrant: You’ll pay more if your home is located at a significant distance from a fire hydrant because providers estimate that in the event of a fire, fire services will take longer to extinguish the flames and your home will be more significantly damaged as a result.
Your insurance claims history: If you have a history of insurance claims, you’re likely to pay more.
The age of your roof: Since a damaged roof can lead to extensive damage throughout a home, an aged roof could result in a more expensive premium.
Your home’s plumbing: Water damage of any sort can be costly. A home with a history of plumbing issues is likely to result in more costly premiums.
Your home’s electrical system: Out of date electrical systems such as knob-and-tube wiring are considered risky to insurance providers.

Common risk factors for homeowners in Ontario.

Flooding, freezing temperatures and earthquakes pose a risk to Ontarians, particularly to those with homes near water, in more northern parts of the province and those located near tectonic fault lines.

If you fall into either category, or all three, we encourage you to add coverage to your policy. While water protection that’s standard to most policies will protect your home in the event of a frozen pipe, flood protection and earthquake coverage are not included in most policies.

Here, we describe in greater detail the three perils specific to Ontario homeowners.

Overland flooding

Water damage has overtaken fire as the primary cause of home insurance claims in Ontario. It occurs when excess rainfall or snowmelt causes freshwater or wastewater sources to fill beyond their normal confines and seep into homes through doors, windows, basements, and vents. The resulting water damage can be extremely costly to repair. Most basic home insurance policies do not cover overland flooding, storm surges, or even backed-up sewers — to protect against these kinds of water risks, additional coverage is usually required.

Regions at highest risk: GTA, Southwestern Ontario

Freezing temperature

A major concern with Ontario’s cold winters is ice damming. This happens when a layer of ice melts — from attic heat or freeze-thaw weather — allowing water to seep into the house or attic, causing costly damage. Ice damming is sometimes covered under basic home insurance policies, but always ask your provider to be sure. Freezing temperatures can also cause frozen pipes, which are also sometimes covered by basic home insurance policies, providing certain precautions have been taken (e.g. having someone check on your home every 24 hours if you’re away for an extended period during the winter).

Regions at highest risk: Northern Ontario has the harshest winters, but the entire province is at risk.

Earthquakes

While not common in Ontario, earthquakes do occasionally occur. The most recent one took place in 2010 and registered 5.0 on the Richter Scale. The resultant damage to the Ottawa region and parts of nearby Quebec was significant though not necessarily severe.

Most basic home insurance policies will not cover earthquakes; additional coverage is required. If you live in the Ottawa and North Bay regions of the province, we encourage you to seriously consider adding earthquake coverage to your home insurance policy.

Forest fires

While Ontario isn’t known for forest fires, the province still averages 1,000 major burns per year. As incidents of severe weather become more common across the country, it’s likely that forest fires will too. These aren’t your average house fires — each blaze could engulf the entire Greater Toronto Area. Luckily, most basic home insurance policies list fire as a covered peril. Regions at highest risk include Northeastern Ontario and Northern Ontario.

What kind of home insurance policy do you need in Ontario?

Homeowners in Ontario can choose between several home insurance coverages:

Comprehensive or all perils: This is the most thorough home insurance available. It’s also the most expensive, as it covers the home and its contents against all perils and losses, expect those that are explicitly excluded. The two kinds of perils that are typically not included in any policy are ‘uninsurable perils’ (e.g. water damage, insect damage, earthquakes) and ‘optional coverage’ (e.g. sewer back-up). These perils require additional coverage.

Broad or named perils: This policy covers your home and its contents for perils specifically named in the policy. It’s less expensive than the comprehensive option but leaves the homeowner at greater risk.

Basic: This policy offers baseline coverage for properties that fail to meet normal underwriting standards. Speak with your broker or provider for details.

Another important note: Home insurance is based on replacement cost, not market value. This means if it costs $350,000 to rebuild your home in the event of a total loss — even if it’s worth twice that on the market — an insurance company would provide you with the lower replacement value (not the higher market value). Therefore, when determining your home insurance premiums, replacement value is a major factor that insurance companies consider.

Some insurers will also offer an option to purchase an Actual Cash Value (ACV) home insurance policy, which is replacement value less depreciation. So, if the washing machine you need to replace is ten years old, your payout will be based on the estimated cost of purchasing a similar model (and similar aged) washing machine.

With ACV coverage, your premiums will be lower, but so will the payouts.

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.

Compare home insurance quotes from Canada's leading insurance providers in just 3 minutes.

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

Type of home	Location	Previous claims	Lowest rate	Average rate	Saved
Quote from October 21, 2026 Type of home Detached 3,346 sq ft	Location Dundas	Previous claims None	Lowest Rate $168/mth $2,011/yr	Average rate $364/mth $4,365/yr	Saved $196/mth $2,352/yr (54.00%)
Quote from October 21, 2026 Type of home Townhouse 890 sq ft	Location Thornhill	Previous claims None	Lowest Rate $37/mth $445/yr	Average rate $58/mth $701/yr	Saved $21/mth $252/yr (36.00%)
Quote from October 21, 2026 Type of home Townhouse 1,526 sq ft	Location Hannon	Previous claims None	Lowest Rate $93/mth $1,121/yr	Average rate $206/mth $2,477/yr	Saved $113/mth $1,356/yr (55.00%)

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 Ontario

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.

All your questions about home insurance in Ontario, answered

How can I find the cheapest home insurance quote in Ontario?

Comparison shopping is a crucial first step in lowering your home insurance costs. There’s a wide range of available prices so when you shop around for the best rate, you’re likely to find savings. We recommend that you compare rates every time your policy is up for renewal. Other easy ways to bring down your home insurance costs include bundling, increasing your deductible and installing security and carbon monoxide alarms.

If I list a portion of my house on Airbnb or Vrbo, do I need to inform my home insurance provider?

Yes, absolutely. If your home is being used as an income property, it’s important to get a policy that protects you as a landlord. You may also want to consider requiring any tenant – whether their short-term or longer-term – to get their own insurance as well.

While home insurance will protect you as a landlord, it will not extent to protection for a tenant, including their contents. If you file a home insurance claim for damage that took place when you were using your home for commercial purposes, a provider can deny coverage if they were unaware of how the property was being used.

What companies offer the best home insurance in Ontario?

There are many companies offering home insurance in Ontario, each with their own unique underwriting standards, additional coverages, and pricing structures. While it’s hard to pinpoint what provider offers the ‘best’ home insurance, here are some of the province’s major players:

Aviva Canada.
CAA Home Insurance
Desjardins Home Insurance.
Johnson Home Insurance.
RBC Home 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.