How much is home insurance in Newfoundland?

The cost typically depends on a number of factors including the construction of the home, updates to heating, electrical, plumbing, and roofing, chances of water damage, prior claims, and more. It’s best to budget approximately $800-2600 annually for home insurance costs, but again this will vary from person to person.

What kind of home insurance do you need in Newfoundland?

There are four basic types of home insurance you can get: C omprehensive: This provides the most coverage and is the most expensive. It covers your home and its contents against all perils (except the ones specifically excluded from your insurance policy) Basic or Named Perils - This coverage insures your home, contents and property for perils that are specifically named in your policy Broad: This is coverage that is right in between a standard policy and comprehensive, covering your home against all risks (minus exclusions) and coverage for your contents against any named risks. No frills: This provides minimal coverage, and is the cheapest. It is usually for homes that don't meet underwriting standards (doesn't meet normal insurance standards). And of course, if you feel you need more coverage you can inquire about extra coverages (or endorsements) that will cover certain risks that can affect your area such as: Overland flooding Windstorm damage Sewer backup

How do I get quotes for home insurance in Newfoundland?

A licensed insurance advisor can offer home insurance quotes for you in Newfoundland. If you contact the broker channel they can provide you with more than one option, so you can see comparables in price and insurance coverage!

Who has the cheapest home insurance in Newfoundland?

The cheapest home insurance provider depends on how your situation fits into the formula companies create to evaluate policyholders. Comparing quotes with Surex will allow you to get the cheapest price on home insurance and get you the best insurance coverage for your situation.

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Types of coverage we provide

Liability Coverage

Protects you if you cause injury or property damage to others in an accident. Helps cover medical costs, legal fees, and/or repairs.

Home Insurance

This provides coverage for loss and damage to your property and/or any assets.

Deductible

A predetermined amount of money that you must pay towards the cost of the claim. Home insurance has different deductibles for different coverage.

Sewer Backup, Overland / Ground Water

These are optional coverages you can buy that protect you for water damage such as sewer back up and fresh water flooding.

Claims Forgiveness

This allows for the protection of your “claims-free discount” in the event of your first claim.

Scheduled Items

Referring to 'special limits' on items like jewellery or art if the value is greater than the special limit you should list the item separately.

Comprehensive Insurance Coverage

When you purchase comprehensive home coverage, it means you are covered for anything that is not excluded.

Broad Coverage

When you purchase broad home coverage, it limits your contents coverage to only specific coverages, (ie. theft, fire, water damage, etc.)

Recent home quotes in Newfoundland

Male, 42 from Corner Brook, NL

Semi detached

Quote Date: Aug 11, 2026

$183 / month

$2,196 / year

Male, 50 from Conception Bay South, NL

Detached

Quote Date: Jun 14, 2026

$187 / month

$2,244 / year

Comparing rates from Canada's leading Insurance Providers

Our Reviews

Debbi

Sep 22, 2026

5

Erich Rother

I worked with Erich Rother for my daughter's insurance needs recently, and I have also worked with Erich in the past. He is very communicative and very prompt in his responses. He is very knowledgeable about his products and I certainly would recommend Erich to anyone with car/home insurance needs.

Roderick

Sep 12, 2026

5

Review for Patti Gustafson from Surex Insurance

Patti has been my families advisor for many years and she has always been a person I can rely on and depend on. She has helped us with our home and car insurance for a long time and every time it has been a pleasure. I’m looking forward for her helping us for the next 20 years.

MSR

Sep 8, 2026

5

The best insurance Representative

I would like to recognize the best ever insurance representative Mariam Choucair. She is very knowledgeable and very helpful, during the whole insurance process she saved me $$$ and provided me the best insurance coverage and quote. She is highly recommended for your home and auto insurance needs for the best possible coverage and price.

Brian Araujo

Sep 5, 2026

5

Tamara is truly the greatest

Tamara is truly the greatest, from start to finish, got me the best rate by far, easy to work with, easy to talk too and made sure all my needs were fulfilled. Highly recommend Tamara for your auto and house insurance.

Valerie Martin

Aug 19, 2026

5

Manjinder Singh with Surex did an amazing job

Manjinder Singh with Surex did an unbelievable job getting both home and auto in place for us. Our situation was a bit complex because we had a new build on our previously vacant land. We had been with our current I strange company and broker for many years. Our current insurance company jumped out policy at renewal up 200% without ever having a claim. Manjinder went above and beyond to get us better coverage for less than we were paying the previous year. Thank you Manjinder for your extra hours of work in helping get this in place.

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Newfoundland home insurance rates vs. other provinces

Newfoundland & Labrador is in the top of the most affordable provinces to purchase a home in. Insurance however is on the higher end. Also being on the east coast there can be a lot of active weather. Make sure you have the right coverage at the right price. Start a free quote with us today and find out.

Province	Average Rates
Newfoundland & Labrador	$2,513
Alberta	$2,304
Ontario	$1,797
Nova Scotia	$2,788
New Brunswick	$2,402
Prince Edward Island	$1,145
Manitoba	$1,335
British Columbia	$2,389
Yukon	$1830
Nunavut	$3,516
Saskatchewan	$1,873
Northwest Territories	$3,367

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Samantha Schmidt

Underwriting Specialist