Compare home insurance quotes in Ontario for free.

On average, Ontario 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

24,575 Canadians

have compared rates and saved money over the last 24 hours

What our users say:

Excellent
Based on 427 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 Ontario home insurance rate by talking to a licensed broker or agent.

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

According to the 2016 census, the province of Ontario is home to nearly 5.6 million private dwellings. This means that more than 40% of Ontario’s population has home insurance. While it’s not legally mandated that properties in Ontario are insured, most banks and lenders require that mortgaged homes be covered, so home insurance is a de-facto requirement for homeowners. Adding to that is the fact that homes are our places of comfort, security, community, and family — all things worth protecting.

Most policies for single family homes will cover detached structures on your property (e.g. sheds, garages), and some policies will even cover additional living expenses if you’re forced to temporarily reside in a rented home or hotel. The premiums you pay into your home insurance policy will help you cover these unexpected costs.

Similar to auto insurance, there are numerous home insurance providers for Ontarians to choose between, and because they all offer different policies at different rates, it’s important to shop the market before before making your decision. That’s where we come in: LowestRates.ca will compare the home insurance market for you and connect you with a qualified broker, ensuring that you have the coverage you need at a price you can afford.

Join us as we answer your biggest questions about home insurance in Ontario.

Outline of a house. Illustration.

See how much you could be saving on home insurance.

Type of homeLocationPrevious claimsLowest rateAverage rateSaved
Quote from May 24, 2022
Type of home
Detached 1,253 sq ft
Location
Everett
Previous claims
None
Lowest Rate
$114/mth
$1,368/yr
Average rate
$163/mth
$1,960/yr
Saved
$49/mth
30.00%
Quote from May 24, 2022
Type of home
Detached 1,765 sq ft
Location
Rockland
Previous claims
None
Lowest Rate
$73/mth
$881/yr
Average rate
$121/mth
$1,454/yr
Saved
$48/mth
39.00%
 

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.

Factors that determine your home insurance quote in Ontario

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 Ontario.

 

What affects home insurance rates in Ontario?

Home insurance protects your single largest investment — your home and its contents — against a range of unexpected perils, including fire, smoke, falling objects, vandalism, explosions, aircraft or vehicle impact, civil unrest, break-ins, and certain natural disasters. It can also help protect you if someone is injured on your property, or if you accidentally damage another person’s property elsewhere in the world. Home insurance is strongly recommended for all homeowners in Ontario.

Factors that can impact home insurance premiums include:

  • Replacement value of the property (based on materials used, age and size of home).
  • Type of heating source, electrical distribution, plumbing, and condition of the roof.
  • Value of belongings (high-value pieces of jewelry, furniture, or art may require additional coverage.)
  • Residence type (detached, semi-detached, townhome, condo, rental property, seasonal dwelling).
  • Renovations and home improvements (these are likely to increase the replacement value of your home, thus raising your premiums).
  • The primary use of the home (operating a home business could influence your premium).
  • Location of the home and how long you’ve resided there (the crime rate of your neighbourhood is a major factor when determining the likelihood of a claim).
  • Personal claims history.
  • Type of home insurance selected.
  • The proximity of the home to fire hydrants, fire station, police station, and surrounding businesses.
  • The size of your deductible.
  • Pets (certain pets — such as exotic animals and some dogs — are considered more high risk and may impact your premiums).

Risk factors in Ontario

Although not a coastal province, Ontario is no stranger to environmental risk factors. Here’s an overview of some of the province’s biggest environmental perils, the kinds of damage they can do to homes, and whether they’re covered by most home insurance policies.

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 temperatures

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 hrs if you’re away for an extended period of time 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, and the resultant damage can range from non-existent to severe, depending on the magnitude of the earthquake. Most basic home insurance policies will not cover earthquakes; additional coverage is required.

Regions at highest risk: Ottawa area, North Bay

Forest fires

Ontario isn’t known for forest fires, but the province still averages 1000 major burns per year. 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: Northeastern Ontario, Northern Ontario

What kind of coverage do you need in Ontario?

Homeowners in Ontario can choose between a number of 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 coverages.

Basic 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.

No-Frills - This policy offers baseline coverage for properties that fail to meet normal underwriting standards. Speak with your broker or provider for details.

Another important thing to 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.

Who regulates the home insurance industry in Ontario?

In Ontario, property and casualty (P&C) insurance — which includes property, vehicle, and liability — is regulated by the Financial Services Commission of Ontario (FSCO).

FSCO is responsible for overseeing Ontario’s insurance industry and regulating rates throughout the province.

The organization offers a range of free publications and resources on their website, including corporate reports, consumer reports, industry publications, and financial literacy resources. It also offers a fraud hotline for consumers to report insurance-related concerns and suspicions.

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

Here are some ways to save on home insurance in Ontario:

  • Shop around for the best rate.
  • Bundle your home insurance with your car insurance.
  • Purchase a ‘claims protector’ to safeguard against a premium increase in the event you need to make a claim.
  • Raise your credit rating. A good score can often mean a better policy.
  • Tell your broker if you have a fire alarm, smoke detector, carbon monoxide detector, indoor sprinkler system, or house alarm. Safety goes a long way with home insurance.
  • Increase your deductible. This will typically result in a reduced premium.
  • Don’t insure your land. It’s not going anywhere and you won’t be able to claim on it anyway. Only include the replacement value of the home itself.
  • Only claim for the big stuff. Small claims will increase your premiums, and often aren’t worth it after paying the deductible.
  • Quit smoking. It’s not just bad for your health, it’s bad for your premiums. Many insurance companies see smoking as a risk factor for house fires.
  • Pay annually. There’s usually a break if you pay annually instead of monthly.

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:

  • TD Insurance.
  • Aviva Canada.
  • RBC Insurance.
  • Johnson Insurance.
  • Intact Insurance.
  • belairdirect.

Home insurance news

Read More Like This