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What our users say:

April 22
Your agent Nathan was amazing and so…
Your agent Nathan was amazing and so helpful.
Alecia O'Brien
April 20
They took some basic information and…
They took some basic information and had me connected to a broker within minutes...
Jennifer Maybue
April 19
Prompt response
Prompt response. Good info to make a decision. Helpfull that info was sent to ...
Margaret Bird
April 19
Sean was easy to talk too and very…
Sean was easy to talk too and very informative.
Angela
April 19
Good job
The staff was helpful and knew what were doing.
Franziska Pedersen
April 18
Francesco he is a very helpful…
Francesco he is a very helpful gentleman, and I’m happy with the discounts tha...
ANTONIO NUNES
April 18
I was connected with Ryan
I was connected with Ryan, who was patient in listening to my car insurance frus...
Betty Weintraub
April 17
Good pricing
Pleasant broker and helpful
Phyllis
April 17
filled out form online less than 5mins…
filled out form online less than 5mins called right away and setup call with bro...
ct
April 16
The Agent was very kind and helpful!
The Agent was very kind and helpful!
Istvan Kiraly
April 16
Great customer care she is good 👍
Great customer care she is good 👍
Anthony Odia
April 15
Simple and clear!!
Fast response ! Friendly knowledgeable staff!
Kent Fewer
April 15
great rep provided all the information…
great rep provided all the information I needed to make an informed choice
KAREN FOBERT
April 12
After I got the quotes somebody…
After I got the quotes somebody followed up with me and put me trough with an ag...
Stefan Ciucas
April 12
fast responce
fast responce, great people to talk to explaining everything, What a Great web s...
Larry Rowthorn
April 9
Very helpful advice and great overall…
Very helpful advice and great overall service.
mark
April 6
Easy to deal with and very helpful
Very easy, good use of technology and customer follow up was awesome
Steve Miller
April 6
Easy and friendly process.
Easy and friendly process.
shr
April 5
So good service ,,
So good service ,,, Tammy service me so so good
Son Nguyen

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

How we find you the best home insurance in Surrey.

It may come as a surprise, but when you own a home you are not legally required to insure it. Almost all homeowners do have insurance, however, and for two good reasons: no financial institution will give you a mortgage without it and having insurance just makes good sense. Leaving your home uninsured represents a major financial risk that most people can’t afford. That’s why finding the right home insurance in Surrey, B.C. is so important.

We’ll help you find home insurance that fits your needs. We’ll answer questions about how much insurance costs, the different types of policies available, and how you can save on your premiums. Most important of all, we’ll give you the lowdown on comparing rates before you buy, which is where the real saving happens. 

Plus, with LowestRates.ca, you can compare home insurance quotes from Surrey’s top home insurance brokers and agents in just a few minutes. All you have to do is select the best home insurance rate in Surrey and a provider will be in touch to help you secure it. 

Outline of a house. Illustration.

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

Type of homeLocationPrevious claimsLowest rateAverage rateSaved
Quote from April 21, 2024
Type of home
Detached 2,226 sq ft
Location
Surrey
Previous claims
None
Lowest Rate
$178/mth
$2,136/yr
Average rate
$324/mth
$3,888/yr
Saved
$145/mth
$1,740/yr (45.00%)
Quote from April 19, 2024
Type of home
Detached 2,482 sq ft
Location
Surrey
Previous claims
None
Lowest Rate
$111/mth
$1,332/yr
Average rate
$161/mth
$1,932/yr
Saved
$50/mth
$600/yr (31.00%)
Quote from April 19, 2024
Type of home
Detached 2,327 sq ft
Location
Surrey
Previous claims
None
Lowest Rate
$130/mth
$1,560/yr
Average rate
$278/mth
$3,336/yr
Saved
$148/mth
$1,776/yr (53.00%)
Home insurance quotes are compared from CAA, Dominion Insurance, Economical Insurance, Gore Mutual, Max Insurance, Pembridge, SGI, Square One Insurance, and Wawanesa Insurance.
 

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

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 Surrey

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 Surrey, answered.

How much is home insurance in Surrey?

It’s difficult to say exactly what your home insurance price in Surrey will be. Every home is different and so every home insurance policy will be different, too. Things like the age of your home and where it is located plays a big role in insurance costs, but so do other factors. The way in which one insurance provider underwrites risk compared to another, for example. 

Because insurance is a custom product, your costs will depend on the home insurance company in Surrey you choose to work with. Furthermore, the average cost of home insurance in Surrey probably wouldn’t be an indicator of what you’ll pay.

The only way to get a good idea of price before you buy is to get quotes from multiple companies. Comparing prices and policies puts you in the driver’s seat when it comes to finding the coverage that’s perfect for you. To see the current home insurance rates in Surrey, enter your postal code  above and click the pink ‘Get Started’ button. 

What risks are specific to Surrey?

While property insurance in Surrey doesn’t differ greatly from property insurance in other cities, there are some specific risks to be aware of. Climate is an example of a locational factor that could influence your insurance premiums. Major storms and heavy rains factor into how insurers calculate risk. Surrey gets 55 inches of rain annually, which means homeowners are at an elevated risk of water damage,  like a flooded basement.

In addition, extreme weather-related events are expected to become more frequent with climate change. This trend will likely affect premiums for all homeowners over the coming years.

Surrey is also in a major earthquake zone, which represents a very significant risk to any homeowner. It’s important to point out that while a typical insurance policy will cover you for a lot of things, it won’t cover you for an earthquake. To get that kind of protection, you need to ask for special coverage (also called an insurance ‘endorsement’).

What does home insurance cover in Surrey?

The type of insurance policy you buy will dictate the extent to which you’re covered. Generally speaking, house insurance in Surrey will cover:

  • Repairs to structural damage caused by certain types of perils.
  • A home’s contents, including the personal belongings of the home’s residents, and the belongings of guests. Personal belongings include electronics, clothing, silverware, jewelry, sporting equipment, trees and plants. However, most insurance policies do put a limit on these types of benefits.
  • Liability, which protects the policyholder and family members from lawsuits as a result of bodily injuries. The insurance policy will pay for legal costs up to the limit of the policy. What many people don’t know about home insurance is that a typical policy will also cover liability or negligence anywhere in North America.

Generally speaking, your home insurance coverage in Surrey will include the following risks:

  • Water, wind and fire damage to your home and everything in it.
  • Theft of your possessions, both from your home and car.
  • Physical injury to someone visiting you.
  • Damage to your neighbours’ property from events that occurred on yours (such as a fire in your home that caused damage next door).

What risks won’t home insurance cover in Surrey?

Even though insurance covers you for a lot, it doesn’t cover you for everything. Most home insurance providers in Surrey won’t cover

  • Catastrophic events, such as floods or earthquakes.
  • Damage that came about because you didn’t maintain your home properly.
  • Anything that was the result of negligent behaviour.

What kind of home insurance do you need in Surrey?

Standard homeowners insurance in Surrey comes in four different forms: comprehensive, basic, broad, basic and no frills.

Comprehensive: With this type of policy, the structure of your home and your contents are covered against all risks, also known as “insurable perils.” However, perils normally excluded by insurance companies — earthquakes, for instance — won’t be included in this coverage. You can, however, buy extra coverage in the form of an endorsement, to protect yourself from risks your policy excludes.

Basic or Named Perils: While a comprehensive policy covers you for every type of insurable risk, a basic policy only covers you against risks you’ve specified. With this kind of policy you need to read your documents very carefully: if it’s not in the policy, you don’t have coverage. The upside is that you have more control over the cost of your premium.

Broad: This type of insurance covers the structure of your home from all insurable risks. The contents of your home are only covered against risks that you specify. Broad insurance is a cross between comprehensive and basic insurance.

No-Frills: Sometimes insurers will decline an application because a property is just too unsafe to protect. In that case, you can often get a no-frills policy that will provide very basic coverage (such as insurance against fire) while you renovate the property.

Given the city’s location on the most volatile fault line in Canada, it’s important for residents of Surrey to know that they can get an amendment to their regular policy that covers earthquakes. This kind of amendment is called an endorsement, and you can request one for everything from a sewer backing up to theft of an extremely valuable work of art. Obtaining an endorsement will increase your premium.

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

There are a number of things you can do to reduce your insurance costs, and doing them all can add up to big savings:

  • Compare rates. This is the best way to find the right coverage at the right price, and with websites that do the comparing for you, it’s easier than ever to save money.
  • Make annual payments. Some companies charge you financing and administrative fees when you pay monthly premiums. Paying annually can reduce or eliminate that added cost.
  • Go for a higher deductible. Once you agree to pay more out of your own pocket in the event of a claim, your insurer will offer you a lower price.
  • Stop smoking. Smokers have higher insurance premiums than non-smokers because careless smoking is a significant fire hazard. Ditch the tobacco and your premiums will drop.
  • Make your home safe. Protecting your home with things like alarm systems, smoke detectors and fire extinguishers will make it less of a risk for insurers, which they’ll reward with lower premiums.

What are the best insurance companies in Surrey?

There’s really no such thing as “the best” insurance company. There are, however, a lot of very reliable ones that offer great insurance packages. You can find them easily by doing a bit of research online and asking family and friends for recommendations. And while you’re doing that, remember as well to get multiple quotes online. Armed with that information, you’ll be able to decide with confidence what type of coverage is best for you. Here is just a small sampling of reputable insurers that offer home coverage in Surrey:

  • The Co-operators
  • Intact Insurance
  • Sonnet
  • belairdirect
Jessica Vomiero

Jessica Vomiero

About the Author

Jessica is the former Associate Editor for LowestRates.ca. Before joining the team, Jessica worked as a National Online Journalist with Globalnews.ca and previously spearheaded the launch of the Business Section at one of Canada's largest technology websites, MobileSyrup.

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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.