Compare the best home insurance quotes in Regina for free.

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

Get 10+ quotes in 3 minutes.

How we find you the best home insurance in Regina.

One of the most expensive investments you will ever make is the purchase of your house. One of the best ways to protect it is with home insurance.

Insurance protects your home from losses caused by natural disasters such as hurricanes, storms, fire, windstorms, and other risks that cause large amounts of damage., Home insurance also protects your personal belongings should they be stolen or otherwise damaged, and can also protect your liability should someone bring a lawsuit against you. In most cases, mortgage companies require home insurance to know their investment is also being protected. After all, your home is their guarantee of payment should you default on the mortgage.

This page will explain the basics of purchasing home insurance in Regina, the different home insurance coverage options available to you, and some insurers in Regina you may consider looking into. If you need a hand getting started, LowestRates.ca will let you compare rates from more than 10 different insurance companies so you can choose the lowest rate. Let’s get started.

Your questions about home insurance in Regina, answered.

How much does home insurance cost in Regina?

Price is never a fixed number when it comes to insurance rates. Prices can vary depending on many factors such as the age and structure of the house itself, whether you are in a high-claim area, your personal claims history, and even the systems built into your home (i.e., electrical, piping, heating).

Some insurers will offer discounts based on your home’s alarm or smoke detector system, the age of your home and the contents in the home. Different companies will underwrite risk differently, and as a result prices will vary greatly among providers.

What risks are specific to Regina?

Saskatchewan faces a number of region-specific risks which may have an impact on home insurance premiums. Some of these include:

Floods. Saskatchewan has, at times, experienced high levels of flooding. . With climate change and changing weather patterns, insurance companies may find flood protection riskier than in the past and rates could certainly go up.

Storms. Summer storms can wreak havoc on homes, roofs and property. An increase in hot summers and greater storms will give providers reason to increase rates for such damages.

Ground shifting. In addition to flooding, Saskatchewan has also experienced dry, hot summers, which may have the effect of breaking water mains. This can flood homes, back-up sewage and do a lot of damage to property. Again, insurers are looking at the weather patterns and will adjust rates accordingly.

What risks does home insurance cover in Regina?

  • Fire or lightning
  • Smoke
  • Explosion or implosion
  • Falling objects that damage property
  • Vandalism
  • Water leaks (from pipes)
  • Windstorm or hail
  • Power surges
  • Theft
  • Items lost or damaged during transport

What risks won’t home insurance cover in Regina?

  • Illegal drug operations
  • Wear and tear
  • Animal or insect damage
  • Pollution
  • Home business

What kind of home insurance do you need in Regina?

There are four basic types of home insurance:

Comprehensive – This type of insurance covers your home and its contents for any insurable risks. It’s also the most costly policy type.

Basic or Named Perils - This type of policy will only cover named perils — the perils specifically outlined in your policy. Named perils often include fire, wind, and theft. Everything not named in the policy is excluded from your coverage.

Broad - This policy generally protects your home’s structure from all types of loss, or all risks (except those that the policy specifically excludes), but restricts coverage on its contents (the personal belongings inside your home) to named perils only.

No-Frills – This policy provides minimal coverage for properties that don’t meet normal underwriting standards. Some homes under these policies are “special needs” homes that may have a structural defect or issue that make them ineligible for standard insurance.

An insurance endorsement is a change or “add-on” to coverage in your policy. Endorsements can add or remove coverage and can help protect you for situations that are more common in your area (compared to others who may have different needs in other regions). In Regina, given the climate and weather issues stated earlier, it might be wise to consider endorsements that cover:

  • Water protection
  • Sewer back-up
  • Service line coverage
  • Home systems protection

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

There are ways to save on home insurance depending on how you configure your policy. Of course the first and perhaps most important rule of thumb is to shop around and see who is offering what. A site like LowestRates.ca is a great start to get you on the right path. Beyond that you can:

  • Raise your deductible – Deductibles are the amount you pay toward a loss before your insurance kicks in. The higher your deductible, the more money you can save on the policy rates.
  • Bundle – Buying your home insurance from the same place you buy your auto insurance can take money off your premiums. Insurance companies want the business and are willing to offer a discount for your loyalty.
  • Disaster-proof your home – Find ways from your insurance company, or elsewhere, to make your home resistant to storms or other natural disasters. Reinforcing your roof or retrofitting older homes may help you save on your rates.
  • Improve home security – Many insurance companies will offer discounts to homes that have greater security systems, alarms, locks etc.

What are the best insurance companies in Regina?

Everyone’s situation is different. The “best” coverage for you may not be right for your neighbour. The most important thing to consider when shopping for insurance in Regina is that you are getting the exact amount of coverage you need, that fits your home’s needs, at a price you can afford.

  • You’ll want to make sure the companies you are looking at are reputable. Finding out a company’s rating and standing, as well as its ability to meet its own obligations to customers, is a good start when considering whether an insurance company that will work for you.
  • You can also do research online to see if there are complaints against it or if it has been involved in any “scams.”
  • Talk to your friends and neighbours to see if they have experience with any particular companies (positive or negative) and learn from that advice. Make sure to ask questions and interview any potential agents or brokers. You are forming a relationship with them and you want to know they will be there to answer questions when times get tough.

The following is a list of some of the insurance companies operating in Regina:

  • The Co-operators
  • CAA Saskatchewan
  • Wawanesa
  • Sonnet
  • Travelers

Home insurance news

Read More Like This