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Excellent
Based on 331 reviews
June 22
Highly recommended
Excellent customer service. Was very patient and answer my customers toughly. Fo...
Karan Parmar
June 18
Chelsea was very helpful
Chelsea was very helpful, answered all my questions and set me up hassle free. S...
Chris
June 14
its the easiest thing in the world to…
its the easiest thing in the world to find insuance that isn't going to burn the...
ann watson
June 11
Very nice broker
Very nice broker. Good service. Found a great deal.
Meredith Berggren
June 5
Awesome work
wow what an awesome rep. He did up everything, extremely fast and was very under...
Delroy Paul
May 26
Quick service
Quick service, good price
dl
May 22
Imad Harrouk was great !
Imad Harrouk was great ! intelligent well spoken professional polite a perso...
james bannon
May 21
Imad Harrouk helped me get the best…
Imad Harrouk helped me get the best home and auto bundle insurance quote. He was...
Amanda Moskowitz
May 20
Excellent !!! Very competitive rates !!
Excellent customer services also they have very competitive rates !!
Eliza Gallant
May 18
I was treated fairly and walked through…
I was treated fairly and walked through my purchase.I enjoyed the agent was exce...
paul neville
May 17
Highly Recommended !
I spoke with Mr. Imad Harrouk of DirectRate for quotes on my car and condo insur...
HL
May 14
Highly recommend
Great experience, simple to use and they gave me a lot of options at prices that...
Chandra Wilson
May 13
Amazing service
Amazing service, Sonia is patient and helpful. Can not complain. I am happy with...
Miroslav Adalbert Elias
May 12
Meghan Ford helped me and she was…
Meghan Ford helped me and she was amazing. I saved $160/month between home and a...
Bruce
May 11
Easy
Easy, clear and fast. Very effective.
Rene Izquierdo de la Cruz
May 6
Sonia was very helpful and nice…
Sonia was very helpful and nice throughout the whole process. She got me the bes...
Ali Al-Rubayee
May 6
I got a hassle-free quick quote from…
I got a hassle-free quick quote from good insurance companies. This site is very...
Sisil
May 6
Very friendly and professional
Very friendly and professional. She always try to help. Really appreciate.
Binod Shrestha
May 5
Imad was extremely helpful and patient…
Imad was extremely helpful and patient with all our requests. He listened to our...
Guy St-Pierre
May 5
He was so amazing
He was so amazing. He went out his way to help me. He deserves a raise Very po...
Shahin Abbaskhan
April 27
Great rates!
Ryan was very helpful and polite.He went all out to find me the best rate. He wa...
Linda Shelton
April 22
Wonderful experience!!!
My call started off with simple inquiries about the quote i recieved. I spoke wi...
emily murray
April 22
The service was excellent
The service was excellent. Emad provided awesome service for me.
John Bowden
April 19
Fast and professional customer service
Fast and professional customer service. All of my questions were answered and I...
P COSTANTINI
April 16
Chelsea was very helpful and a pleasant…
Chelsea was very helpful and a pleasant person to deal with.
Keith Tarala
April 16
Daina is very professional and very…
Daina is very professional and very helpful! Helped me find auto and home insura...
Mark
April 15
Amazing Service
Daina was amazing so quick and easy and explained everything so so well! I was ...
Tara Schaffner
March 30
You will be hard pressed to find an…
You will be hard pressed to find an online service as accurate, fast, and easy t...
Frederick Armentia

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

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

A house is probably one of the biggest purchases you’ll ever make, but it’ll probably rank as one of your best investments, too. Building equity in real estate is a time-tested way to increase wealth.

That’s why home insurance is so important. It protects your property — and, by extension, the wealth that’s tied to it. A good policy can help you grapple with financial losses if your home is ever damaged. It can also offer you financial protection if your belongings are damaged or stolen.

There are many different types of home insurance policies out there, and choosing the right one is a matter of knowing what you need. Factors to consider include the type of home you live in (is it a detached house, an apartment, or a condo?), as well as the level of protection you want, and the monetary value of the items you want to protect.

We'll walk you through the things you need to think about if you’re looking to buy home insurance in the Yukon, one of Canada’s vast northern territories.

Outline of a house. Illustration.

See how much you could be saving on home insurance.

Type of homeLocationPrevious claimsLowest rateAverage rateSaved
Quote from July 31, 2021
Type of home
Detached 2,091 sq ft
Location
Whitehorse
Previous claims
None
Lowest Rate
$203/mth
$2,433/yr
Average rate
$306/mth
$3,666/yr
Saved
$103/mth
34.00%
Quote from July 31, 2021
Type of home
Detached 1,012 sq ft
Location
Whitehorse
Previous claims
None
Lowest Rate
$107/mth
$1,278/yr
Average rate
$219/mth
$2,628/yr
Saved
$113/mth
51.00%
 

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

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 Yukon

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 the Yukon.

 

What affects home insurance rates in the Yukon?

Insurers calculate the cost of your home insurance premium using a variety of factors. These include, but are not limited to:

  • The type of home you live in (house, townhouse, condo, etc.).
  • Your home’s age and state of repair.
  • Your home’s location.
  • How much it would cost to repair or replace parts of your home.

It should go without saying that the more extensive your coverage, the higher your premium will be.

Risk factors in the Yukon

The Yukon is a stunningly beautiful region of Canada — but the land is not without its hazards. According to the federal government, residents who live in the Yukon are at risk of experiencing the following:

Avalanches, earthquakes and landslides

The Yukon is particularly susceptible to earthquakes, avalanches and landslides, which have been known to demolish structures, or at the very least, cause them to become structurally unsound.

Regions at highest risk: Several mountain ranges intersect throughout the Yukon, making most the territory vulnerable to these types of events.

Flooding

Floods will infiltrate and wreak havoc on your home. In the Yukon, they usually occur due to rapidly melting snow in the spring, or from ice jams on the rivers. Flooding is expected to become an even bigger hazard in the Yukon as climate change intensifies.

Regions at highest risk: The Yukon government has highlighted Dawson City, Carmacks, Old Crow, Ross River, Mayo, Southern Lakes, Lake Laberge, Pelly Crossing and Whitehorse as being at high risk for flooding.

Wildfires

There have been some serious wildfires in the Yukon recently. Hot, dry weather meant the 2017 wildfire season in the Yukon was a particularly active one: there were 115 wildfires in total, burning a total of 471,000 hectares of forest.

Regions at highest risk: Nearly every region in the Yukon is at risk for wildfires, according to the Government of Canada, however, the regions most at risk are south of the treeline.

What kind of coverage do you need in the Yukon?

There are four basic types of home insurance:

Comprehensive - This is the kind of home insurance you’ll want to get if you want the most coverage. A comprehensive policy will cover damage to your property and belongings against most standard perils — the only exceptions are the perils that are covered by additional endorsements (like earthquakes) or perils that are specifically excluded from most policies (events that stem from the homeowner’s lack of due diligence, for example).

Basic or Named Perils - This type of coverage only protects against perils that are explicitly named in the policy, such as fire, lightning, theft, explosions, and falling objects. It is less expensive than comprehensive insurance.

Broad - A broad policy falls somewhere between comprehensive and basic home insurance. It offers comprehensive coverage if the structure of your home is damaged, but only offers basic coverage when it comes to your home's contents.

No-Frills - This is the most bare-bones type of coverage you can get. These policies typically only cover your home in the case of fire and a handful of other perils. People usually only get no-frills insurance when their homes have structural issues that make them ineligible for a basic policy. No frills insurance can protect what you have while you are making repairs, but once your home is up to your insurer’s standards, you can switch over to another type of policy.

Depending on where you live in the Yukon, you’ll want coverage for the hazards your region is most at-risk for. All home insurance policies cover fire damage, but you might want add-ons for flood damage and replacement cost coverage (i.e., coverage to help you rebuild your home after a total loss) as well. Because home insurance won’t cover damage that occurs because you’ve neglected important repairs, make sure to weatherproof your home for the Yukon’s harsh winters, too.

Who regulates the home insurance industry in the Yukon?

In the Yukon, the insurance industry is regulated by the Office of the Superintendent of Insurance. It is the governmental body in charge of licensing insurance companies, regulating insurance products and market conduct like underwriting, rates, claims, and marketing practices, and overseeing the financial soundness of insurance companies in the province.

If you have a claim that's been denied, you can file a complaint with the General Insurance OmbudService (GIO), an independent adjudicative body that operates Canada-wide. In order for your complaint to be heard, your insurance company must be a GIO member. However, it's recommended that you first attempt to resolve disputes with your insurer's own ombudsperson before escalating complaints.

What can you do to save on home insurance in the Yukon?

As in any other province, there are several things you can do to cut down on home insurance costs, while also getting the coverage that you need. These include:

  • Bundling your home and auto policies with the same insurer.
  • Raising your credit score.
  • Avoid making small claims.
  • Don’t smoke indoors.
  • Purchasing a ‘claims protector,’ an optional product that will stop your premium from going up if you make a claim.
  • Installing a home sprinkler system.
  • Installing a home alarm system.
  • Comparing quotes from different companies — never settle for the first option.

What companies offer the best home insurance in the Yukon?

Because everyone has different coverage needs, risk tolerances, and budgets, this answer will vary for everyone. Always look for a plan that offers you the best coverage at the lowest price point. And it never hurts to read reviews: they’re not always completely reliable, but they can be a pretty good indicator of whether or not a company is going to follow through on its promises — and do it well.

Some of the insurance companies serving the Yukon include:

  • The Co-operators
  • Intact Insurance
  • TD Insurance

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