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What our users say:

May 23
There going to help you be covered as long as you keep keep up with your monthly payments against somebody else s fire and flood damage if you started the fire or flood by no fault of your own doing .
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May 23
Very polite agent fair quotes
Very polite agent fair quotes
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May 17
Great and valuable services regarding…
Great and valuable services regarding competitive rates and coverage
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May 15
It was a very professional service
It was a very professional service. The person.was polite
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May 15
The Hope of a more cost saving policy
The Hope of a more cost saving policy
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May 14
They went through the insurance…
They went through the insurance information with me , and allowed me to save hun...
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May 10
Good experience
Good experience
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May 9
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May 9
Best customer service
Best customer service.
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May 7
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May 7
Customer service was 10/10
Customer service was 10/10, very informative and helpful/friendly.
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May 5
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May 5
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The fellows were very friendly and helpful
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May 4
Very Helpful when time you need it
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May 2
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May 2
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Knowledgeable staff.
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April 27
Very Helpful and Professional
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April 26
A great agent...all my questions…
A great agent...all my questions answered I think Maria is an asset to your comp...
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April 24
Great customer service
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April 22
Your agent Nathan was amazing and so…
Your agent Nathan was amazing and so helpful.
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April 19
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When you find the best quote, secure your Saskatoon home insurance rate by talking to a licensed broker or agent.

How we find you the best home insurance in Saskatoon

Whether you’re new or are a long-time resident of Saskatoon, it’s important that you have the right insurance for your property so you can protect your home.

Plus, property insurance not only covers your Saskatoon home, but it also provides North American-wide personal liability coverage.

LowestRates.ca compares home insurance providers in Canada for you so you can quickly and easily see the best home insurance rates in Saskatoon. Just enter your postal code above to start comparing home insurance quotes from 50+ Canadian insurance providers.

Depending on which home insurance company offers your lowest rate, you might be able to secure coverage online. If not, a Saskatoon home insurance broker or agent will get in touch with you to lock in your new rate.

Looking for more information about how to find affordable Saskatoon home insurance? Read on to learn more about what you need to know when it comes to getting home insurance in Saskatoon, Saskatchewan.

 

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

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 Saskatoon

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 questions about home insurance in Saskatoon, answered.

How much is home insurance in Saskatoon?

Insurance companies take into consideration details such as the kind of property you’re insuring, where you live, the crime rate in your neighbourhood, how close you are to a fire station and whether you have a history of making claims.

Every Saskatoon property insurance company has its own formula for assessing risk. That’s why comparing the market is required to find the best Saskatoon home insurance rates. You could be overpaying hundreds or even thousands of dollars a year because your insurance company judges you to be more of a risk than another company would.

All of these factors also mean it’s hard to ballpark what an average rate for house insurance is in Saskatoon — if the average Saskatoon home insurance cost was even a helpful benchmark.

Your needs as a homeowner are unique and that will dictate the cost of your Saskatoon home insurance policy. Your best bet is to get a home insurance quote for your Saskatoon home at LowestRates.ca to see what prices home insurance companies are willing to offer you.

Our site is updated throughout the day, every day, so that you only see the most current rates home insurance for Saskatoon.

What risks are specific to Saskatoon homes?

Providers of homeowners insurance in Saskatoon will assess whether you live in an area more prone to certain hazards. It’s also important to be aware of what weather events are common so you know what kind of insurance coverage to get for your Saskatoon home.

  • Floods: Climate change is causing more intense storms across the world and Saskatoon is no exception. The city has seen periodic flooding from heavy rains that have overwhelmed the city’s plumbing and damaged property. A changing climate is only expected to worsen these events, so make sure you have the right coverage to protect you — you’ll probably need to buy additional insurance through endorsements.
  • Tornadoes: Saskatchewan gets more tornadoes than any other part of Canada annually. While they are not common in Saskatoon, the city does sit right on the border of Tornado Alley, a region encompassing parts of Canada and the U.S., where tornadoes frequently touch down. Most home insurance policies will cover damage from tornadoes and wind storms, but check with your provider to ensure you’re covered.
  • Fires: Wildfires have become a growing concern through much of Western and Central Canada in recent years. Several major fires have broken out near Saskatoon in recent years, including a grass fire that forced evacuations in Biggar, about 93 kilometres west of Saskatoon. Most home insurance policies will cover fire damage, but again, check with your provider to make sure you have coverage.

What risks does home insurance cover in Saskatoon?

Risks that are covered by home insurance are known as perils. While different perils can be covered under different home insurance policies, some common ones include:

  • Your personal liability
  • Explosions
  • Fire
  • Lightning
  • Theft or vandalism
  • Falling objects
  • Aircraft or vehicle impact
  • Smoke (if your toaster short circuits and catches on fire, for instance, that will be covered, but usually this won’t cover damage from fireplaces)

What risks won’t home insurance cover in Saskatoon?

Unfortunately, not all perils are covered under home insurance. Coverage for so-called “uninsured perils” can be purchased separately. These are called insurance endorsements. While they will raise your Saskatoon home insurance premium, depending on where you live, it might be worth buying. Some common risks that are not usually covered in standard policies and require purchasing an endorsement are:

  • Earthquakes or landslides: Most base policies will not include earthquakes or landslides coverage. However, there has been a growing trend among home insurance companies to include this in standard policies. Aviva has embedded earthquake coverage in all its home insurance policies in B.C. and is studying whether to include it in Quebec. Coverage for natural disasters like these can be added to your policy at an extra charge.
  • Sewer backup: While most policies will cover damage from burst pipes or broken appliances, sewer backup — where water pours into your home due to clogged drains or if your city’s sewer system is overwhelmed during heavy rains — is usually not included. This can often be purchased as an add-on to your existing policy.
  • Overland flooding: A river overflowing its banks or lake water spilling onto your street and into your home are often not covered under standard policies. This can often be purchased as an add-on, however.

What kind of home insurance do you need in Saskatoon?

There are four main types of home insurance available in Saskatoon. They run the gamut from offering you a lot of protection to offering you very little. Let’s take a look at each below.

Comprehensive: This policy covers you against the highest number of risks. A comprehensive policy will cover you from all insurable perils, like perils such as wind, fire and flooding from appliances, while also protecting the contents of your home. Keep in mind even with comprehensive, uninsurable perils are not included, so if you’re worried about a specific risk— overland flooding, for instance — make sure to ask your insurance agent or broker if it’s covered. Saskatoon price estimates for this home insurance coverage type are the highest.

Basic or Named Perils: This is cheaper than a comprehensive policy and will cover you only for the insurable perils that you specifically name in your policy. This means you have greater control of the cost of your premium, but if a peril isn’t written into the policy, you’re not covered for it. Think of it like ordering à la carte at a restaurant — but for home insurance.

Broad: This is a middle spot between the relatively minimal coverage of a basic policy and the full gamut you get with comprehensive.

No-Frills: A special product that is mainly for properties that may not qualify for other types of insurance (such as those with structural issues).

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

These tips and tricks may potentially help you save some money.

  • Change your deductible: increasing the amount you pay when making a claim will help lower payments.
  • Switch to annual payments instead of monthly.
  • Install a home alarm system or security cameras.
  • Bundle your home and auto insurance.
  • Are you a senior? You might be eligible for discounts.
  • Professional or alumni of specific post-secondary schools may be eligible for discounts as well.
  • Avoid making claims. If you’re facing a bill, evaluate whether it makes more sense to pay out of pocket or to make a claim.

It may be tempting to go for the insurance company offering cheap rates on Saskatoon home insurance, but make sure you have enough coverage so that you don’t have to pay out-of-pocket for large and unexpected expenses.

What are the best home insurance companies in Saskatoon?

Canada’s biggest home insurance providers operate in Saskatoon, and they aim for a high level of customer service. When shopping for insurance, always be sure to ask questions if you don’t understand what’s being offered.

In the meantime, compare quotes from the leading providers of Saskatoon home insurance and get a quote online.

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

LowestRates.ca can help renters and condo owners find property insurance. Just indicate which type of policy you’re looking for on our quickstart form above.

Alexandra Bosanac

Alexandra Bosanac

About the Author

Alexandra Bosanac is the Core Content Manager for LowestRates.ca. Her reporting has appeared in Canadian Business, the Toronto Star, the National Post, and the CBC.

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*Shoppers in Canada who obtained a home insurance quote on LowestRates.ca from January to December 2023 saved an average of 32% The average savings percentage represents the difference between the shoppers’ average lowest quoted premium and the average of the second and third lowest quoted premiums generated by LowestRates.ca. Excludes condo and tenant insurance.